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The Bank of New York's Donald R. Monks Elected USCIB Treasurer
| Source: USCIB
NEW YORK, NY -- (MARKET WIRE) -- November 17, 2006 -- Donald R. Monks, vice chairman of The Bank of
New York, was elected treasurer of the United States Council for
International Business (USCIB), a group representing America's top global
companies, at a meeting of USCIB's board of directors last month.
As vice chairman, Mr. Monks serves as chief administrative officer and
oversees The Bank of New York's global operations and technology areas, as
well as human resources, compliance, corporate marketing, corporate
communications, quality assurance, business continuity services and
corporate services. He is also a member of the company's executive
committee.
"USCIB plays an invaluable role in helping our most competitive global
companies navigate the often choppy waters of international markets and
regulation," said Mr. Monks. "The organization is well managed, with a
sound financial footing. I look forward to helping it thrive and grow in
the coming years."
As treasurer, Mr. Monks will chair USCIB's Finance and Oversight Committee,
a standing committee of the board that oversees USCIB financial operations,
working closely with Paul Cronin, USCIB's vice president and chief
financial officer. He succeeds J. Frank Brown, who retired earlier this
year from PricewaterhouseCoopers to become dean of the INSEAD business
school.
During more than three decades with The Bank of New York
(www.bankofny.com), Mr. Monks has directed many key functions for the Bank
around the world and has been recognized globally as a leader in shaping
the evolution of the payments and securities servicing industries, as well
as in developing industry protocols for infrastructure resilience and
business continuity.
"We are indeed fortunate to have an executive of Donald Monks's stature
lend his expertise to our strategic financial and organizational
direction," stated USCIB President Peter M. Robinson. "We also recognize
and thank Frank Brown for his many years of outstanding service as
treasurer."
USCIB (www.uscib.org) promotes an open system of global commerce in which
business can flourish and contribute to economic growth, human welfare and
protection of the environment. Its membership includes over 300 U.S.
companies, professional service firms and associations, with some 8.5
million employees, whose combined annual revenues exceed $3.5 trillion. As
American affiliate of several leading international business and employers
organizations, USCIB provides business views to policy makers and
regulatory authorities worldwide and works to facilitate international
trade.
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http://www.uscib.org/index.asp?documentID=3637