Hassell will continue as the company’s President. Robert P. Kelly has stepped down as Chairman, Chief Executive Officer, and Director by mutual agreement with the board of directors, due to differences in approach to managing the company.
“Gerald is ideally positioned to guide BNY Mellon through the next phase of its growth and to bring it to its full potential,” said Wesley W. von Schack, lead director of BNY Mellon. “Over the course of his more than three-decade tenure with BNY Mellon and its predecessor company, The Bank of New York, Gerald has led nearly every major division of the company, has been a key decision maker on every major business action, executive hire and promotion in the merged company, and has served on its Board of Directors. He brings a broad and deep knowledge of our operations, our clients, our industry and our culture to his new roles.”
Since joining The Bank of New York’s management development program more than three decades ago, Hassell has had direct management responsibility for the company’s broad range of investment services businesses, including asset servicing and issuer, broker-dealer, treasury, and clearing services. He also oversees client management across the company’s global businesses, as well as operations and technology. He was named to The Bank of New York’s executive committee in 1994, and named President and elected to its Board of Directors in 1998.
Hassell holds an MBA in finance from the New York University Stern School of Business and a BA in economics from Duke University.