David Rich is the legal executive for Regulation, Supervision and Corporate Affairs at BNY Mellon, the world’s largest custody and safekeeping bank. He manages the legal affairs associated with company-wide regulatory, supervisory and policy concerns, including those arising out of the Dodd-Frank legislation, Basel Committee reforms, and the Enhanced Prudential Standards applicable to the largest and most complex internationally active U.S. banking organizations, as well as mergers & acquisitions and strategic alliance activities. He serves on several senior management committees, including BNY Mellon’s Asset/Liabilities Committee and the Strategic Risk Committee. Prior to his current assignment, David served as the director of BNY Mellon’s Office of Public Policy and Regulatory Affairs.
Before joining BNY Mellon, David served as Managing Director & Associate General Counsel at Bank of America in Charlotte, North Carolina, where his practice included a variety of increasingly senior legal positions, including serving as the company’s principal Securities Exchange Act disclosure attorney, serving as the company’s senior securitization attorney, having a leadership role in responding to litigation and investigations concerning residential mortgage foreclosure process related issues and mortgage loan ownership and transfer issues, and advising in a number of acquisition transactions, including those of Merrill Lynch and Countrywide. He began his career with the law firm of Hunton & Williams.
David serves on the Board of Directors of the American Overseas Memorial Day Association, the Board of Managers of the Society of the Sons of the Revolution in the State of New York, which owns Fraunces Tavern and the Fraunces Tavern Museum, as well as on Wheaton College’s President’s Commission. He also serves as a voting member of the New York City Bar Association’s Banking Law Committee and is a member of the American Law Institute. He received an A.B. from Wheaton College in Norton, Massachusetts and a law degree from The University of Richmond School of Law. He resides in New York, New York and Pinehurst, North Carolina with his wife and two sons.