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Myners heading for the Big Apple

Former Gartmore chairman Paul Myners has been elected to the boards

of the Bank of New York Company and its subsidiary the Bank of New

York with effect from March.

Myners left Gartmore in November after 16 years with the firm, in

which time he oversaw the firm&#39s sale by parent NatWest to US life

insurer Nationwide.

However, Myners is probably best known for his wide-ranging review

into the institutional investment market carried out for the Treasury.

The review recommended the scrapping of the minimum funding

requirement on pension funds and proposed a full-scale review of the

retail financial services market, now being undertaken by Ron Sandler.

Myners is chairman of the Guardian Media Group and Lloyd&#39s of London

Investment Committee and is a director of mm02, formerly BT Cellnet.

Bank of New York chairman and chief executive Thomas Renyi says: “It

is a pleasure to welcome Paul Myners – a recognised leader in the

financial services industry.

His knowledge and adv ice will be indispensable as we continue to

move forward with our strategic plan for the company.”

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