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The investment firm, founded by Nelson Peltz,
Peter May and Garden in 2005, is known for pressing for change
at companies in which it invests.
Trian said in June that it had built a $1 billion stake in BNY
Mellon, according to filings with the U.S. Securities and
Exchange Commission. As of Sept. 30, it owned a 2.57 pct stake
in the bank.
The investor has not made any public demands but has privately
urged the bank to cut costs, the Wall Street Journal reported,
citing people familiar with the matter.
The addition of Garden, also the chief investment officer of
Trian, increases the size of BNY Mellon's board to 14, 13 of
whom are independent.
Garden, who also serves on the boards of Wendy's Co and Family
Dollar Stores Inc, will join the human resources & compensation
committee and the risk committee of BNY Mellon's board.
The announcement came days after activist hedge fund Marcato
Capital Management disclosed a 1.6 percent stake in BNY Mellon.
BNY Mellon's shares rose 1.8 percent to close at $40.28.
(Reporting by Yashaswini Swamynathan and Avik Das in Bengaluru;
Editing by Saumyadeb Chakrabarty)
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