No matter how many times he travels abroad, Alan Griffith is still astonished at the speed of globalization.

"People fly to London and Paris the way they used to go to Boston and Philadelphia," said Mr. Griffith, 56, Bank of New York Co.'s vice chairman for international banking.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.