In a statement released today, Bank of New York Mellon (NYSE: BK ) CEO and Chairman Gerald L. Hassell announced several executive promotions. The company will move Karen B. Peetz to the position of president, while Timothy F. Keaney will take over the role of CEO of Investment Services. The appointments take effect Jan 1.
Peetz joined the company in 1998 after 16 years at JPMorgan Chase (NYSE: JPM ) and is currently the Vice Chairman and Chief Executive Officer of Financial Markets and Treasury Services. Her new role will put her in charge of the bank's Regional Management, Treasury Services, and Human Resources branches.
Keaney came to the bank in 2000 after working at Deutsche Bank (NYSE: DB ) , serving currently as Vice Chairman and CEO of Asset Servicing. His new role will put him as the head of several divisions the company is aligning under his leadership.
Bank of New York Mellon also announced the promotion of Brian T. Shea, current head of company subsidiary Pershing and chief of Broker Dealer and Advisor Services. He will also take on the role of President of Investment Services and will lead the company's Global Operations and Technology branch.
In the statement, Hassell expressed confidence in the appointments by saying, "Together, they will join me and our entire management team as we focus on enhancing revenue growth across all economic cycles, attracting and retaining the very best talent, and building upon BNY Mellon's 228-year history of industry leadership."