Renyi Steps Down from BNY Mellon Post

June 12, 2008 ( - Bank of New York Mellon has named Chief Executive Officer Robert P. Kelly to replace retiring Executive Chairman and Director Thomas A. Renyi, effective July 31, 2008.

Kelly will remain as CEO, the company said. According to the announcement, Renyi had held both the Chairman and CEO roles for the Bank of New York, before its June 2007 merger with Mellon Financial.

Renyi’s nearly 40-year career included roles in securities servicing, credit policy and capital markets. Since the closing of the Mellon transaction, he has been overseeing the global integration effort of the two companies (See Patching Over the Past, BNY, Mellon Merge ).

He also directed the transition team responsible for integrating the Irving Trust Company into The Bank of New York in 1989, which was the largest merger in the U.S. banking industry at the time and gave The Bank of New York an expanded presence in international markets and critical scale in its securities servicing businesses, the announcement said.

In 1992, Renyi was named President of The Bank of New York and elected to its Board of Directors. In 1997, he was appointed Chief Executive Officer of The Bank of New York Company, Inc. and was elected Chairman of the Board the following year.