BNY Mellon, a global leader in investment management and investment services, today announced that J. Kevin McCarthy will become Senior Executive Vice President and General Counsel, effective April 15. He will report to BNY Mellon Chairman and Chief Executive Officer Gerald L. Hassell and will become a member of the BNY Mellon Executive Committee.
McCarthy, currently the company's Senior Deputy General Counsel, succeeds Jane Sherburne, who has decided to leave BNY Mellon to consider opportunities in both the public and private sectors.
McCarthy joined BNY Mellon in 2010 from Cowen Group, Inc., a publicly traded investment bank and financial services firm where he served as General Counsel. From 2004 to 2007, he was a partner at the law firm of Wilmer Hale where he focused on securities and litigation matters. From 1996 to 2004, McCarthy held several leadership roles at Credit Suisse First Boston, including Global Head of Litigation.
"Kevin has deep market knowledge and expertise in our global businesses," Hassell said. "He has worked closely with me, our Board and senior management on our most critical legal and regulatory matters, and has become a trusted advisor to all of us."
Since joining the company in 2010, Sherburne markedly improved the quality of the legal and government affairs functions and built a first-rate in-house global team. She was instrumental in helping the company successfully navigate a broad range of complex issues and respond to historic changes in the global legal and regulatory landscape. Under her leadership, the legal team also expanded its reach and impact outside the organization, including launching an award-winning pro bono program.
"Jane provided strong leadership and counsel during a time of unprecedented change in our industry following the financial crisis," Hassell said. "We are grateful for her contributions and wish her well in her future endeavors."
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).