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BNY Mellon European chairman to step down

Veteran executive to retire after more than 30 years at custody and investment management giant before the end of the year

By

Lucy McNulty

Michael Cole-Fontayn is to leave BNY Mellon after more than 30 years
Michael Cole-Fontayn is to leave BNY Mellon after more than 30 years Photo: company photograph

The chairman of BNY Mellon's European business is to leave after more than 30 years with the custody and investment management giant.

Michael Cole-Fontayn is to step down as executive vice president and chairman of Europe, the Middle East and Africa in December, according to an internal memo seen by Financial News.

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