NEW YORK, May 21, 2015 /PRNewswire/ -- BNY Mellon, a global
leader in investment management and investment services, has
appointed Donald J. Heberle to be
the new Chief Executive Officer of BNY Mellon Wealth Management,
succeeding current CEO Lawrence
Hughes. After 24 years with the company, Hughes has decided
to retire from his role as of June 30,
2015, and will continue with BNY Mellon in an advisory role
within BNY Mellon Investment Management.
Heberle will be based in New
York where he will continue to direct the long-term growth
and expansion strategy that the Wealth Management leadership team
has been driving for the past two years.
Since he joined BNY Mellon in 1997, Heberle has served in
several key leadership roles. As Executive Director of Client
Advice and International Wealth Management, Heberle oversees the
firm's International Wealth Management business, its Family Wealth
Advisory and Wealth and Estate Strategist groups as well as client
service delivery strategy.
In previous roles Heberle served as Executive Director for the
Family Office and International Wealth Management businesses; was
Director of Investment Strategy for Mellon's Private Wealth
Management group; and developed and implemented the firm's
tax-managed equity investment process. Heberle received a
bachelor's degree in economics from Harvard
College and a master of business administration in finance
and accounting from Carnegie Mellon
University.
"We thank Larry Hughes for his 24
years of service to BNY Mellon. He and his talented leadership team
have helped build BNY Mellon Wealth Management into one of the
strongest firms in the business. We are pleased to announce that
Don Heberle, one of Wealth
Management's most senior executives, will now take over as CEO,"
said Curtis Arledge, Vice Chairman
of BNY Mellon and CEO of Investment Management. "I look forward to
continued growth under Don's leadership and am also very pleased
that Larry is willing to serve BNY Mellon in an advisory role."
"BNY Mellon is an institution with a rich history and a bright
future, and I am honored to have the opportunity to lead one of its
key businesses," said Heberle. "I look forward to working with my
colleagues across both Wealth Management and the rest of Investment
Management on strategic initiatives to expand the business, while
delivering innovative solutions to serve existing clients and
attract new ones."
"It has been a privilege working with everyone at BNY Mellon
over the past two and a half decades, and under Don Heberle's capable leadership, I am confident
that Wealth Management will continue moving forward with great
momentum." Hughes said, "I'm proud of having led a team that was
continually at the top of the industry in client satisfaction and
retention, of our efforts to build the brand and profile, and of
our ongoing expansion in current and new markets."
Media Contacts
Mike Dunn
BNY Mellon Investment Management
+ 1 212-922-7859
Mike.g.dunn@bnymellon.com
Susan Rivers
BNY Mellon Wealth Management
+1
617-722-7193
+1 857-472-8292
cell
susan.rivers@bnymellon.com
About BNY Mellon
BNY Mellon Investment Management is one of the world's leading
investment management organizations and one of the top U.S. wealth
managers, with $1.7 trillion in
assets under management. It encompasses BNY Mellon's affiliated
investment management firms, wealth management services and global
distribution companies. More information can be found at
www.bnymellon.com.
BNY Mellon Wealth Management is a leading wealth manager, and
was named in 2015 by Family Wealth Report as the top National
Private Asset Manager and top Private Bank serving Family Offices.
Barron's ranked it the 7th largest U.S. wealth manager in 2014. The
firm has more than two centuries of experience in providing
services to clients who today include financially successful
individuals and families, their family offices and business
enterprises, planned giving programs, and endowments and
foundations. It has more than $194
billion in private client assets, as of March 31, 2015, and an extensive network of
offices in the U.S. and internationally. BNY Mellon Wealth
Management, which provides investment management, custody, wealth
and estate planning and private banking services, conducts business
through various operating subsidiaries of The Bank of New York
Mellon Corporation. For more information go to
bnymellonwealthmanagement.com or follow us on Twitter
@BNYMellonWealth.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or
administration, and $1.7 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Additional information is available on www.bnymellon.com or
follow us on Twitter @BNYMellon.
Photo - http://photos.prnewswire.com/prnh/20150521/217941
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bny-mellon-wealth-management-names-donald-j-heberle-as-ceo-300087582.html
SOURCE BNY Mellon