Tom Renyi (born 1947) is the former Chairman and Chief Executive Officer (CEO) of the Bank of New York Company, a position he held since 1997. Year 1947 ( MCMXLVII) was a Common year starting on Wednesday (link will display full 1947 calendar of the Gregorian calendar. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator The Bank of New York, abbrieviated BNY, was a global Financial services company that existed until its merger with the Mellon Financial Corporation Currently, he is Executive Chairman of The Bank of New York Mellon Corporation, following BNY and Mellon's merger on July 1, 2007.
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Background
Renyi graduated from Rutgers University with a BA in Business Administration in 1967 and an MBA from the Rutgers Graduate School of Management in 1968. Rutgers The State University of New Jersey (also known as Rutgers University) is the largest institution for higher education in the state of New Jersey The Master of Business Administration ( MBA) is a Master's degree in Business administration, which attracts people from a wide range of academic disciplines He also served as a First Lieutenant of Military Intelligence with the US Army in Vietnam. First Lieutenant is a Military rank. The rank of Lieutenant has different meanings in different military formations (see Comparative military ranks Military intelligence (abbreviated MI int Commonwealth, or intel Vietnam (ˌviːɛtˈnɑːm Việt Nam) officially For years Renyi has been considered by his peers as a distinguished leader in the financial services industry. He serves on the Board of Executives at the New York Stock Exchange and the Board of Directors of Public Service Enterprise Group Incorporated and the New York Clearing House. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Mr. Renyi has successfully directed The Bank of New York's transformation from a traditional commercial bank to a global leader in securities servicing. A commercial bank is a type of Financial intermediary and a type of Bank. In 1989, he headed the transition team responsible for integrating the Irving Trust Company into The Bank of New York, the largest merger in the United States banking industry at the time. Year 1989 ( MCMLXXXIX) was a Common year starting on Sunday (link displays 1989 Gregorian calendar) The United States of America —commonly referred to as the A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money Since becoming Chief Executive Officer in 1997, Mr. Renyi has accelerated the banks strategic evolution through 54 acquisitions, including RBS Trust in 1999 and Pershing in 2003.
During the Bank of New York Scandal
On September 22, 1999, Renyi testified before United States House of Representatives and United States Senate hearings, conducted in 1999 and 2000, amidst the Bank of New York scandal, during which billions of dollars from Russia were laundered through the Bank, which has long been considered one of the most respected financial pillars of America. Events 66 - Emperor Nero creates the Legion I Italica. 1236 - The Lithuanians Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) The United States House of Representatives is one of the two chambers of the United States Congress; the other is the Senate. The United States Senate is the Upper house of the bicameral United States Congress, the Lower house being the House of Representatives Russia (Россия Rossiya) or the Russian Federation ( Rossiyskaya Federatsiya) is a transcontinental Country extending Renyi admitted that allowing the suspect accounts “to remain open and active without sufficient questioning was a lapse on the part of the bank. "[1]
In 1999 Renyi received a bonus of $5. 73 million (in addition to his $850,000 salary, $167,819 in other compensation and 500,000 options) and in 2000 he was given a $12. 1 million bonus. [2]
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Notes
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