Thomas P. (Todd) Gibbons is the CEO of The Bank of New York Mellon, a major player in the financial world. He has been with the company in various significant roles since its merger with Mellon Financial in 2007. After...
Thomas P. (Todd) Gibbons is the CEO of The Bank of New York Mellon, a major player in the financial world. He has been with the company in various significant roles since its merger with Mellon Financial in 2007. After serving as interim CEO in late 2019, he officially took on the role permanently in March 2020. Gibbons has a strong background in finance, having also been the CFO before stepping into the CEO position. He focuses on creating long-term value for shareholders, which is reflected in his performance-based compensation structure. His pay includes no cash bonuses for the last three years, but he earned over $14 million in 2022, largely from stock awards that depend on the bank's success. Interestingly, Todd has spent his career at BNY Mellon and has no family ties with other executives. This shows a commitment to the company rather than connections. BNY Mellon manages a massive number of assets, acting as the world’s largest global custody bank, with $47.8 trillion under its care. Gibbons' leadership aims to maintain this impressive stature while also focusing on innovations and long-term strategies.