BNY Mellon Investment Management appoints Hanneke Smits as CEO

The Bank of New York Mellon Corporation (NYSE: BK) announced today that Mitchell Harris, CEO of BNY Mellon Investment Management, which includes the Wealth and Investment Management businesses, has announced his intention to retire effective October 1, 2020. The Company has appointed Hanneke Smits as CEO of BNY Mellon Investment Management, and Catherine Keating will continue in her role as CEO of BNY Mellon Wealth Management.

Both Ms. Smits and Ms. Keating, leading their respective parts of the Investment and Wealth Management business, will report Todd Gibbons, CEO of BNY Mellon, and Ms. Smits will join BNY Mellon’s Executive Committee.

Ms. Smits will continue as CEO of Newton until October 1 and a search is currently underway to replace her as CEO of Newton. Following her appointment as CEO of BNY Mellon Investment Management, Ms Smits has resigned from the Bank of England’s Court of Directors with effect from September 30, 2020.

Ms Smits has been CEO of Newton Investment Management, a subsidiary of The Bank of New York Mellon Corporation, since August 2016. She has a career of close to three decades in financial services, including serving as a member of the Executive Committee at private equity firm Adams Street Partners from 2001 to 2014, and Chief Investment Officer from 2008 to 2014. She is Chair of Impetus a venture philanthropy organization that supports charities that aim to transform the lives of disadvantaged young people, and as part of this appointment, she is Trustee of the Education Endowment Foundation, founded in 2011 by The Sutton Trust in partnership with Impetus. She is co-founder and former Chair of Level 20, a not-for-profit organization set up in 2015 to inspire women to join and succeed in the private equity industry.

Hanneke Smits has a BBA from Nijenrode University and an MBA from the London Business School.