New CFO at America’s oldest bank

Bank of New York senior executive vice president Thomas Gibbons has been
promoted to the position of chief financial officer, although he will maintain
his responsibilities under his previous role as the bank’s chief risk officer.

Gibbons will take on the CFO role on 1 September this year.

He replaces vice chairman Bruce Van Saun, the incumbent CFO, who has assumed
leadership of the bank’s ‘market-related businesses including asset management,
private banking, global markets and securities lending’.

Gibbons joined BNY in 1986 and held management positions in the capital
markets business. As chief risk policy officer since 1999 he managed the bank’s
preparation for Basel II implementation.

BNY was founded in 1784.

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