People Moves

BNY Mellon Names New Wealth Chief

Eliane Chavagnon Editor Americas 26 May 2015

BNY Mellon Names New Wealth Chief

There is a new chief executive at the wealth management arm of BNY Mellon.

Donald Heberle is to succeed Lawrence Hughes as chief executive of BNY Mellon Wealth Management on 30 June.

After 24 years at the company, Hughes has decided to retire from his CEO role, BNY Mellon said. He will continue working at the firm in an advisory role within the investment management unit.

Heberle – who joined BNY Mellon in 1997 – will be based in New York and continue to direct the long-term growth and expansion strategy that the wealth management leadership team has been driving for the past two years.

He is currently executive director of client advice and international wealth management, a role in which he also oversees the firm's family wealth advisory, and wealth and estate strategist groups.

In previous roles he was executive director for the family office and international wealth management businesses; director of investment strategy for private wealth management; and he also developed the firm's tax-managed equity investment process.

BNY Mellon Wealth Management has over $194 billion in private client assets, as of 31 March 2015.

 

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