On this episode of Fortune’s Leadership Next podcast, co-host Alan Murray sits down with Robin Vince, CEO of BNY, formerly the Bank of New York Mellon, which is the oldest company on the Fortune 500 list. Murray met Vince in his office, where they sat surrounded by memorabilia from the bank's founder, Alexander Hamilton. Their conversation ranges from why BNY was founded to what the bank does today. They also discussed the ongoing threat of cyber attacks and why Vince believes it's essential that employees and managers spend more working hours than not in the office. Co-host Michal Lev-Ram joins Murray for the pre-interview chat.
Murray and Vince met just before the bank's 240th anniversary when it announced a major change in branding, going from BNY Mellon to BNY. The change, Vince said in a memo to employees, will "clearly communicate our value proposition across the full breadth of our business platforms — as one BNY." As part of the rebranding, "BNY Mellon Investment Management and BNY Mellon Wealth Management will be updated to BNY Investments and BNY Wealth, better representing the array of services these businesses provide beyond pure asset management, and Pershing will become BNY Pershing. The company’s legal parent name will remain The Bank of New York Mellon Corporation."
