Prior to this appointment as president and director in 1998, during which he replaced Tom Renyi who went on to become CEO of the bank, Hassell was a senior executive vice president and chief commercial banking officer.
On September 22, 1999, Renyi testified before United States House of Representatives and United States Senate hearings, conducted in 1999 and 2000, amidst the Bank of New York scandal, during which billions of dollars from Russia were laundered through the Bank, which has long been considered one of the most respected financial pillars of America.
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