David B. Rich III is the Managing Director and Associate General Counsel for BNY Melon. Mr. Rich leads BNY Mellon’s Office of Public Policy & Regulatory Affairs, and his practice principally focuses on risk, liquidity, stress-testing, recovery and resolution planning, securities investment portfolio, and regulatory capital matters for the world’s largest custody and safe-keeping bank. He manages the legal affairs associated with company-wide 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. David also manages the Legal team that supports the regulatory affairs in the firm’s European and Asian operations. He serves on several senior management committees, including BNY Mellon’s Asset/Liabilities Committee and the Strategic Risk Committee.
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 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. 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.