Jane Sherburne is handing over the reins of senior executive vice president and general counsel of The Bank of New York Mellon Corporation to J. Kevin McCarthy, who will assume the post on April 15.
Sherburne announced in an email to her colleagues that she is stepping down to consider opportunities in both the public and private sectors. McCarthy, senior deputy general counsel, was recruited by Sherburne in 2010 to lead litigation and enforcement. “I am personally thrilled for Kevin and I know he will flourish in his new role,’ she said.
Gerald Hassell, chairman and chief executive officer, called McCarthy a “trusted advisor to all of us.”
McCarthy joined the investment management and services company from Cowen Group Inc., where he served as general counsel. He was a partner specializing in securities and litigation at Wilmer Cutler Pickering Hale and Dorr and also held several roles at Credit Suisse First Boston, including global head of litigation.
In her email, Sherburne called the profile of the bank’s legal department “extraordinary.” A BNY Mellon spokesperson said Sherburne “was instrumental in helping the company successfully navigate a broad range of complex issues and respond to historic changes in the global legal and regulatory landscape.”
Sherburne was instrumental in boosting the pro bono activity in BNYMellon’s legal department, which was recognized as an outstanding legal department for pro bono by the New York Law Journal in 2014.