Former Under Secretary of the Treasury and World Bank CFO Brings Extensive Industry and Market Experience
BNY Mellon, a global leader in investment management and investment services, announced today that its Board of Directors, upon recommendation by the Corporate Governance and Nominating Committee, has added Jeffrey A. Goldstein to the slate of director nominees for election at the corporation's annual meeting on April 8, 2014.
Goldstein, a former Under Secretary of the United States Treasury for Domestic Finance, is currently an executive at the private equity firm Hellman & Friedman LLC, focusing on investments in the financial services sector. His prior experience includes serving as managing director as well as chief financial officer of the World Bank.
If elected, Goldstein, together with the other 12 nominees, would serve a term of one year until the 2015 Annual Meeting. BNY Mellon Chairman and Chief Executive Officer Gerald L. Hassell is the only management director.
"Jeffrey has a wealth of experience in finance, economics, corporate strategy and executive management," said Director John A. Luke Jr., Chairman of the Corporate Governance and Nominating Committee of the BNY Mellon Board. "His leadership in both the private and public sectors and his deep insight into the global markets will be a tremendous asset and complementary to the expertise on the Board."
Goldstein was Counselor to the Secretary of the Treasury and Under Secretary of the U.S. Treasury from 2009 to 2011. He is a recipient of the Alexander Hamilton award, the highest honor for a presidential appointee. The Bank of New York was founded by Alexander Hamilton in 1784.
Goldstein's early career included teaching economics at Princeton University. He also worked at the Brookings Institution. In 1984, he joined James D. Wolfensohn Inc., an investment banking firm that was later acquired by Bankers Trust in 1996. Goldstein became co-chairman of BT Wolfensohn and served as a member of Bankers Trust's management committee.
In 1999, Goldstein was named a managing director of the World Bank and became its chief financial officer in 2003. He joined Hellman & Friedman in 2004 and departed the firm when nominated to the Treasury position.
Goldstein, 58, attended Vassar College and the London School of Economics, receiving a B.A. in Economics in 1977. He earned an M.A., M.Phil., and a Ph.D. in Economics from Yale University.
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 Dec. 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).