BNY Mellon has appointed Dermot McDonogh as chief financial officer for the company, effective February 1, 2023. McDonogh will join on November 1, 2022, reporting to BNY Mellon’s CEO, and will join the executive committee. As CFO, McDonogh’s responsibilities will cover global financial strategy and financial operations, including finance functions, controllership, treasury, the chief investment office, capital management, tax, corporate development, investor relations and the business CFO teams. He joins from Goldman Sachs, where he has worked for over 25 years, most recently as COO for EMEA and CEO of Goldman Sachs International Bank.
Emily Portney will continue as CFO through January 31, 2023, and will then assume a new role leading the company’s treasury services, credit services, and clearance & collateral management businesses. The heads of these businesses will report to Portney from February 1, 2023. She will continue to report to BNY Mellon’s CEO and as a member of the ExCo.