BNY Mellon, co-founded by Alexander Hamilton in 1784, is pivoting from its identity as a traditional bank to a financial services company under CEO Robin Vince. After a successful tenure at Goldman Sachs, Vince emphasizes the importance of client engagement and innovation in financial services. The company recently partnered with OpenAI, integrating advanced AI tools to enhance its operations. Vince addresses the need for breaking down silos within BNY and navigating market uncertainties, reflecting on the evolution of banking in the modern era.
A bank isn't what we are, a bank is something that we have. A bank is something that we use to provide services to our clients.
In February, BNY signed a multi-year deal with OpenAI that gives it access to the AI company's most advanced reasoning models and tools.
I just liked markets. In terms of my background at Goldman Sachs, I think those experiences definitely play into my leadership style.
My time at Goldman Sachs allowed me to engage closely with regulators and investors, which I found rewarding when transitioning back to clients.
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