BNY Mellon President Karen Peetz to Retire at End of the Year

  • Peetz was named one of the 25 most powerful woman in banking
  • CEO said her leadership, industry expertise will be missed

Bank of New York Mellon Corp.’s first female president, Karen Peetz, will retire at the end of the year after almost two decades with the custody bank.

Peetz, 61, joined the bank in 1998, BNY Mellon said Monday in a statement. Prior to her appointment as president in January 2013, she led the bank’s financial markets and treasury services group. She was named one of the 25 most powerful woman in banking in an article published Monday in American Banker, which cited her crisis management skills and charitable endeavors.

“Karen’s leadership, industry expertise and partnership will be missed by BNY Mellon,” Gerald Hassell, the bank’s chief executive officer, said in the statement.

BNY Mellon, a custody bank, had $29.5 trillion in assets under custody and administration and $1.7 trillion in assets under management as of June 30. Peetz oversees the company’s global client management and regional management, treasury services and regulatory oversight functions.

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