BNY

The custody bank also won $109 billion worth of new asset-servicing business in the quarter, which pushed assets under custody to over $30 trillion.

She will be joined on the board by Ronald Sargent, a retired chairman and CEO of the office-supply company Staples.

A 9% increase in interest revenue helped to offset relatively flat growth in fee revenue.

The issue stemmed from how the company handled collateralized-loan obligations for calculating capital ratios.

Bank of New York Mellon has created a dedicated innovation group for launching new technologies in its treasury services unit.