People Moves
BNY Mellon Wealth Management Follows Growth Plans With Hires In Dallas, Boston
BNY Mellon Wealth Management has hired Bill Jarry as director for business development, focused on ultra high net worth clients in the greater Boston, MA, region - a week after the New York-listed firm laid out big hiring plans for wealth management.
Jarry was formerly a financial advisor at Bernstein Global Wealth Management since 2010 and previously served for 11 years as a managing director at Provident Corporate Finance. In his newly-created role at BNY Mellon, he reports to managing director Fred Young.
Meanwhile, BNY Mellon Wealth Management has appointed Shei Unger to the newly-created role of director for the Texas region. Based in Dallas, he reports to David Emmes, president of western US markets.
Unger was latterly president of the boutique advisory firm Unger & Co Commercial Capital in Dallas, TX, where he also served as head of operations strategy.
Between 2006 and 2010, he was a senior private client advisor at US Trust Private Wealth Management. There, he oversaw a team serving family offices, private equity groups, hedge funds, endowments, trusts and institutional relationships.
BNY Mellon Wealth Management launched its Dallas office in 2010 and has since doubled the number of staff there. With the addition of Unger, the firm now has eight wealth management professionals in Dallas.
BNY Mellon's “profound commitment” to the wealth management industry
The hires of Jarry and Unger closely follow news last week that BNY Mellon is planning to increase the size of its global wealth management sales force by 50 per cent, as well as adding a raft of private bankers, mortgage bankers, portfolio managers and wealth strategists.
Up to 100 people will be added to the wealth management business, bringing its sales force to around 150 and hiring around 10 private and mortgage bankers, it said.
“Building on our expansion efforts of recent years, we intend to establish a powerful presence in the top-tier US wealth markets and continue to make headway in key global markets as well,” said Larry Hughes, chief executive of BNY Mellon Wealth Management.
