Bank of New York Mellon will have a new CEO this summer.
The $444 billion-asset company said in a press release Thursday that Todd Gibbons will retire on Aug. 31.
Robin Vince, the company’s chairman and CEO of global market infrastructure, has been named president and CEO-elect and will succeed Gibbons following his retirement.
Gibbons, who will also step down from the board, has been CEO since September 2019.
Before joining Bank of New York Mellon in 2020, Vince was chief risk officer at Goldman Sachs.
“Today’s announcement is the culmination of the board and Todd’s well-planned, thorough and orderly succession process to ensure continuity of leadership and BNY Mellon’s continued success,” Joseph Echevarria, the company’s chairman, said in the release.
Gibbons “has consistently demonstrated an unwavering commitment to our clients and his colleagues and was instrumental in building BNY Mellon into the institution it is today,” Echevarria added.