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BNY Mellon's interim CEO interested in staying


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BNY Mellon's interim CEO interested in staying

Bank of New York Mellon Corp. interim CEO Thomas Gibbons has expressed interest in staying in the custody bank's top C-suite position on a permanent basis.

Speaking Oct. 16 during an earnings conference call to discuss the company's third-quarter results, Gibbons said he has "indicated" his interest in being considered for the role during the board's search.

"That's in process," Gibbons said, according to a transcript of the call. "We don't have any strict time frames on that, that will flow as it flows."

Gibbons took over as interim CEO in late September following an announcement from Wells Fargo & Co. naming Charles Scharf, who was then BNY Mellon's CEO, as its chief executive.

Before taking over as interim CEO, Gibbons worked in several roles at BNY Mellon including vice chairman; CFO; and CEO of clearing, markets and client management. Gibbons first began working for the Bank of New York in 1986 before it was merged to create BNY Mellon in 2007.