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BNY Mellon promotes Peetz to president

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Karen Peetz

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By Thomas Olson
Friday, Dec. 14, 2012, 10:54 a.m.

Bank of New York Mellon Corp. on Friday promoted Karen Peetz to the position of president of the New York-based bank.

Last year, Peetz was named “the most powerful woman in banking” by the trade newspaper American Banker.

Effective Jan. 1, she succeeds Gerald Hassell, who remains CEO and chairman.

Peetz, a vice chairman, heads BNY Mellon's Financial Markets & Treasury Services, which has a major presence in Pittsburgh, where the company has 7,600 employees.

Peetz, who joined the bank in 1998, will oversee global client management, regional management treasury services and human resources.

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