Michael Demissie

Managing Director
BNY Mellon AI Hub

Michael Demissie

Michael is Managing Director at the newly established AI Hub at BNY Mellon.

After joining the bank in 2019, he established the Advanced Solutions Group – an enterprise-level capability designed to define our strategic approach, build out and deploy our assets around artificial intelligence (AI) and other emerging capabilities. The group continues to deliver innovative solutions as part of the AI Hub, enhancing our services as well as powering new offerings for our clients.

Michael also set up and led the enterprise-level Digital Assets Unit, accelerating the development of new products and solutions to support our clients’ Digital Asset needs. The unit scope covers expansion of the bank’s core services to digital assets (e.g. launching Digital Asset Custody in 2022, being the first systematically important financial institution to do so) as well as modernizing banking infrastructure through blockchain/DLT and new digital assets-specific products and services.

Michael also led the Global Innovation Centers, where we bring product, service delivery and technology teams together with clients and FinTechs to explore and prototype new solutions addressing clients’ needs.

Michael has over 20 years of experience in technology, financial services and strategy consulting. He joined BNY Mellon from State Street, where he led transformation programs enabled by robotics and artificial intelligence. Prior to State Street, Michael was a management consultant at Booz & Company and an engineer at a division of United Technologies developing clean tech energy solutions.

Michael holds a BSc in Chemical Engineering, magna cum laude, from the University of Kentucky, an MSc in Management Science and Engineering from Stanford University and an MBA from MIT Sloan School of Management.