BNY Mellon Appoints Senior Technologist to Lead AI and Robotics Efforts

BNY Mellon has appointed a senior artificial intelligence and robotics expert as it looks to evolve traditional services into a more digitized environment. Michael Demissie joins the world’s largest custodian to lead its activities in AI, machine learning and distributed ledger technology (DLT). He will join the bank this month, reporting to Roman Regelman, BNY Mellon’s head of digital development. He joins from State Street where he was previously a senior vice president for business transformation, focusing on robotics and AI. Demissie joins BNY Mellon amid a company-wide digitization, where it has sought to expand the use of new technologies to drive its digital agenda.