BoNY Shuffles Executives' Roles

The Bank of New York Company has expanded roles for several of its top executives, including Vice Chairman Bruce Van Saun, who will now assume leadership of the Bank's market-related businesses including asset management, private banking, global markets and securities lending. Van Saun, who has been with the firm since 1997, will continue to oversee the capital markets business and the corporate development function. He will relinquish his duties as chief financial officer as he moves to this new role, and Senior Executive Vice President Thomas Gibbons will become the new cfo.