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BNY Mellon names former Visa CEO to top job

BNY Mellon names former Visa CEO to top job
From Reuters - July 17, 2017

(Reuters) - Bank of New York Mellon Corp (BK.N), the world's largest custodian bank, appointed former chief executive of Visa Inc (V.N) Charles Scharf as its CEO, effective immediately.

The company's shares were up 2.4 percent at $53.60 in light premarket trading on Monday.

Scharf will replace Gerald Hassell, who will remain as chairman until his retirement on Dec. 31, the company said.

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