Monday, 23rd November 2009

 

3 November 2009 - Press Briefing

BNY Mellon chief declines BofA offer to replace Lewis

Robert Kelly, Bank of New York Mellon’s chief executive, is believed to have ruled out any interest in succeeding the retiring Kenneth D. Lewis as the next CEO of Bank of America, after the former was approached by the troubled lender’s search panel, according to a report in The Wall Street Journal.

Kelly is a renowned figure in BofA’s hometown of Charlotte, having served as chief financial officer of Wachovia from 2001 to 2006. He is also well known for being an astute deal maker, having masterminded the 2007 merger of Mellon Financial Corp. and Bank of New York Co.

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