• BNY CEO Robin Vince said the bank is currently in a "recharge period" until 2025.
• Employees at the finance giant are encouraged to focus on "core business activities." 
• The move is part of a larger push by the bank to provide mental health support to its workers.

The CEO of Bank of New York Mellon Corp. says it's OK to be more laid back at work during the last weeks of the year.

Robin Vince, who also serves as president of BNY, announced Monday that the bank is bringing back its end-of-year "recharge" period for its employees.

Beginning December 23, a spokesperson told Business Insider that BNY employees are encouraged to narrow their focus to client and core business activities, postponing more routine items until the New Year.

Non-essential activities, like internal meetings, work that isn't time-sensitive, and in-office requirements, will be paused until January 3, they told BI.

In a LinkedIn post, Vance said he's "missing the free Starbucks at our global HQ, but it's worth it to be able to spend more time with my family, all home together, while taking a break from the more routine work to really focus on what matters for clients and driving our company forward these next two weeks."

Vince told Fortune in June that BNY asks employees to be in the office "more days than you're not." BNY first introduced its two-week recharge in December 2023 to allow employees more time to focus on family than non-urgent work tasks.

It's part of a larger push by the bank to improve compensation and benefits for its employees. BNY announced Thursday that it'd increase the minimum hourly wage for US employees from $22.50 to $25, starting March 2025.

This year the company also partnered with Spring Health to bring more mental health services to employees and their families.

"We want talent to feel appropriately compensated and enjoy an industry-leading employee experience — and benefits are a part of that strategy," said Shannon Hobbs, chief people officer at BNY.

• Bank of New York Mellon is a 240-year-old financial firm with $2.1 trillion in AUM.
• It also touches roughly 20% of investible assets around the globe through its various businesses.
• Here are the names of the 30 employees it just promoted to the top title of managing director.

Bank of New York Mellon Corp. on Wednesday promoted 30 employees to managing director, the bank's highest title below the C-suite. That's down from 44 managing director promotions last year as CEO Robin Vince seeks to transform the bank, including by setting a higher bar for rising in the ranks.

BNY is neither an investment bank nor a consumer bank, but it's one of the oldest and most important financial institutions on Wall Street. Founded by Alexander Hamilton 240 years ago, BNY is a custodian and administrator of $52.1 trillion for financial firms through its asset servicing business, clearance and collateral management, and other businesses. It also manages $333 billion in individual client assets through its wealth business and $2.1 trillion in assets through its investment and wealth management business segment.

Through its various commercial lines, including custody and treasury services, it touches roughly 20% of investible assets worldwide.

This year, 25% of the new class are from non-US locations, including locations the bank has targeted for growth, like Manchester, United Kingdom, Wroclaw, Poland, Dublin, Ireland, and India (both Chennai and Pune), according to a spokesperson.

Here are the list of names of BNY's newest MDs.

• Asset Servicing: Adam Watson, Fiona McNally, Ranjani Iyer
• BNY Wealth: Chad Johnsrud, Adam Innerst
• Chief Commercial Office: Christian Lewis, Paula Avraamides
• Clearance and Collateral Management: Parin Shah
• Credit Services: Shaf Hasan
• Engineering: Bhupendra Pudrohit, Christina Mackrell, Siva Hoskeri, Vikram Lalit
• Enterprise Transformation Office: Lauren Kozora
• Executive Office: Sarah Atkinson
• Finance: Jason Thomas, Jessica Casillo, Kimberly Perman, Sudipta Adhaya
• Growth Ventures: David Moss
• Markets: Ted Leveroni, Jeff McCormick
• Operations: Gerard O'Keefe, Janet Menezes, Katherine Mruczek, Nellie Ding, Sean Turner
• Risk and Compliance: Nicholas Fuller, Ryan Leader
• Treasury Services: Jeffrey Sander