Management ChangeAug 13, 2026, 04:45 PM
BNY Mellon Elects Vikram Malhotra as Independent Director
AI Summary
The Bank of New York Mellon Corporation announced the election of Vikram Malhotra as an independent member of its Board of Directors, effective October 1, 2026. Mr. Malhotra brings extensive experience from his four-decade career at McKinsey & Company, where he held significant leadership roles including Chairman of the Americas. His addition will expand the Board to 12 directors, with 11 being independent, enhancing the company's corporate governance.
Key Highlights
- Vikram Malhotra was elected as an independent member of the Board of Directors.
- The appointment of Mr. Malhotra is effective October 1, 2026.
- With Mr. Malhotra's election, the Board will consist of 12 directors.
- 11 of the 12 directors on the Board will be independent.
- Mr. Malhotra has been a senior partner at McKinsey & Company since 1998.
- He previously served as Chairman of the Americas and on the Shareholders Council at McKinsey.
- Mr. Malhotra holds an MBA from The Wharton School and a BA in Economics from the London School of Economics.
Price Impact
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