James P. Palermo
Vice Chairman and Chief Executive Officer, Global Client Management
Jim Palermo is a Vice Chairman and is CEO of Global Client Management. The Global Client Management organization has enterprise-wide relationship responsibility for the company's largest clients globally. He also oversees the EMEA, Asia Pacific, Latin America and Canada regions. In this role, he drives company-wide strategic development and accelerates the company's growth in these geographies. He is based in Boston and additionally serves as Chairman of the BNY Mellon New England region with responsibility for community involvement and related activities.
Jim is a member of the company's Executive Committee, the organization's senior-most management body, which oversees day-to-day operations.
From 1998 through 2010, Jim was head of the company's Asset Servicing business, which includes global custody, fund accounting and administration, transfer agency, securities lending, performance and risk analytics and related services. During this period, the Asset Servicing business grew from $2 trillion in Assets under Custody and/or Administration to $24 trillion. During 2010 through 2012, Jim oversaw Corporate Marketing and Liquidity Services groups and the Global Markets business, which includes the company's foreign exchange, derivatives trading and capital markets activities. He joined BNY Mellon in 1986 and through 1998 held sales, client service management, and sales management positions of increasing responsibility in Asset Servicing and in Mellon Capital Management.
Jim serves as a member of the Board of Directors of CIBC Mellon in Toronto, Canada, and a member of the Board of Directors of Eagle Investment Systems in Newton, MA. Previously he served as a member of The Bank of New York Mellon SA/NV, in Brussels, Belgium. He is also a member of the general board of the YMCA of Greater Boston.
He earned a bachelor's degree in Business Administration from the University of Massachusetts at Amherst and a master's degree with high distinction in Business Administration from Babson College.