Bank of New York Mellon Management
Management criteria checks 2/4
Bank of New York Mellon's CEO is Robin Vince, appointed in Aug 2022, has a tenure of 2.33 years. total yearly compensation is $16.80M, comprised of 7.7% salary and 92.3% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth $6.94M. The average tenure of the management team and the board of directors is 2.1 years and 4.3 years respectively.
Key information
Robin Vince
Chief executive officer
US$16.8m
Total compensation
| CEO salary percentage | 7.7% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.01% |
| Management average tenure | 2.1yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
Bank of New York Mellon: Still A Buy After The Recent Surge
Dec 16Bank of New York Mellon Q3 Earnings Preview: Margins And Deposit Costs Are Key Metrics
Oct 09Bank of New York Mellon: Appealing Price With A Solid Moat
Sep 19Bank of New York Mellon: Top Custodial Bank And Dividend Growth Powerhouse
Aug 12Bank of New York Mellon Q2 Review: Strong Earnings And Upside Potential
Jul 17Bank of New York Mellon (NYSE:BK) Has Announced That It Will Be Increasing Its Dividend To $0.47
Jul 15
Bank of New York Mellon: Greed Was Good, But Hold On For Now
Jul 05Bank of New York Mellon: An Emerging Growth Story (Rating Upgrade)
Apr 23Results: The Bank of New York Mellon Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Apr 18Bank of New York Mellon: A Dividend Grower With $2 Trillion AUM, But Getting Expensive
Feb 09Bank of New York Mellon: Higher Average Interest Rates Will Lead To Gains (Rating Upgrade)
Jan 18Bank of New York Mellon: Still A Buy At +3% Yield And Earnings Growth (Ratings Downgrade)
Dec 11BNY Mellon: Cheap But Without Growth Prospects
Oct 30Bank of New York Mellon: Underperformance, But Nice Dividend
Oct 17Bank of New York Mellon: 5 Reasons For Its Upgrade To Strong Buy
Aug 07Is BNY Mellon A Good Buy Ahead Of Its Q1 Results?
Jul 12BNY Mellon expands outsourced trading to buy-side firms
Jan 25BofA reinstates BNY Mellon at Buy on earnings defensibility, limited credit risk
Jan 12BNY Mellon: Great Time To Buy Before The Market Wakes Up
Dec 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$3b |
| Jun 30 2024 | n/a | n/a | US$3b |
| Mar 31 2024 | n/a | n/a | US$3b |
| Dec 31 2023 | US$17m | US$1m | US$3b |
| Sep 30 2023 | n/a | n/a | US$3b |
| Jun 30 2023 | n/a | n/a | US$3b |
| Mar 31 2023 | n/a | n/a | US$3b |
| Dec 31 2022 | US$11m | US$917k | US$2b |
| Sep 30 2022 | n/a | n/a | US$3b |
| Jun 30 2022 | n/a | n/a | US$3b |
| Mar 31 2022 | n/a | n/a | US$3b |
| Dec 31 2021 | US$9m | US$750k | US$4b |
| Sep 30 2021 | n/a | n/a | US$3b |
| Jun 30 2021 | n/a | n/a | US$3b |
| Mar 31 2021 | n/a | n/a | US$3b |
| Dec 31 2020 | US$5m | US$188k | US$3b |
Compensation vs Market: Robin's total compensation ($USD16.80M) is above average for companies of similar size in the US market ($USD12.67M).
Compensation vs Earnings: Robin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Robin Vince (53 yo)
2.3yrs
Tenure
US$16,801,167
Compensation
Mr. Robin Antony Vince is President & Director of The Bank of New York Mellon (Formerly known as Bank of New York) from August 31, 2022. Mr. Vince is Chief Executive Officer of The Bank of New York Mellon...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.3yrs | US$16.80m | 0.013% $ 6.9m | |
| Senior Executive VP & CFO | 1.8yrs | US$11.12m | 0.0012% $ 672.6k | |
| Senior Executive VP & Global Head of Wealth | 6.4yrs | US$6.42m | 0.0022% $ 1.2m | |
| Global Head of Asset Servicing | no data | US$7.01m | 0.015% $ 8.5m | |
| Senior EVP & Chief Risk Officer | 5.4yrs | US$6.89m | 0.0080% $ 4.4m | |
| Global Head of BNY Investments & Wealth | less than a year | no data | no data | |
| Chief Information Officer & Global Head of Engineering | less than a year | no data | no data | |
| Chief Administrative Officer | no data | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Chief Compliance & Ethics Officer | no data | no data | no data | |
| Senior EVP & General Counsel | 10.7yrs | no data | 0.0029% $ 1.6m | |
| Senior Executive VP & Chief People Officer | less than a year | no data | no data |
2.1yrs
Average Tenure
58yo
Average Age
Experienced Management: BK's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.3yrs | US$16.80m | 0.013% $ 6.9m | |
| Independent Director | 5.7yrs | US$335.00k | 0% $ 0 | |
| Independent Director | 10.7yrs | US$340.00k | 0.0051% $ 2.8m | |
| Independent Director | 4.3yrs | US$335.00k | 0.0016% $ 909.6k | |
| Independent Director | 8yrs | US$335.00k | 0% $ 0 | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 8.2yrs | US$457.50k | 0.00058% $ 319.7k | |
| Independent Chairman of the Board | 9.8yrs | US$485.00k | 0.0077% $ 4.2m | |
| Independent Director | 3yrs | US$420.00k | 0% $ 0 | |
| Independent Director | 3.7yrs | US$310.00k | 0% $ 0 | |
| Independent Director | 3.7yrs | US$310.00k | 0% $ 0 |
4.3yrs
Average Tenure
58yo
Average Age
Experienced Board: BK's board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 23:48 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
The Bank of New York Mellon Corporation is covered by 42 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Jason Goldberg | Barclays |