Bank of NY Mellon Names Charles Scharf CEO

The transcript discusses Charles Scharf's career, highlighting his roles at Visa and JPMorgan, and his recent appointment as CEO of BNY Mellon. It explores the surprise of hiring an outsider with a tech background for a traditional bank and the potential impact of technology on the banking industry.

What was Charles Scharf's role before joining BNY Mellon?

• Head of Private Equity at JPMorgan

• CFO of BNY Mellon

• CEO of Visa

• CEO of JPMorgan

How did Charles Scharf impact JPMorgan's retail bank?

• He tripled the size of the retail bank in terms of branches.

• He introduced a new tech platform.

• He reduced the number of branches.

• He closed the retail bank.

What role did Charles Scharf have at JPMorgan before managing the private equity arm?

• Head of Corporate Banking

• CEO of Visa

• Retail Bank Manager

• CFO of JPMorgan

What was surprising about Charles Scharf's appointment at BNY Mellon?

• He was hired from within the company.

• He was the youngest CEO in the company's history.

• He had no prior banking experience.

• He was an outsider with a tech background.

What is the significance of hiring someone with a tech focus at BNY Mellon?

• To maintain traditional banking practices.

• To integrate technology into the bank's operations.

• To focus solely on private equity.

• To reduce the company's tech investments.