The US firm is embarking on a two-year recruiting campaign to increase its sales force by 50 per cent and add to other key positions in top US wealth markets. It is also adding to staff outside the US in areas including wealth management, as previously reported by this publication.

Matheson started with the firm in early July and reports to Katia Friend, managing director for the Tri-State region. Prior to joining BNY Mellon, he was a financial advisor and partner on a team managing more than $1 billion in assets at Raymond James.

Previously, he served as a vice president and financial advisor for Bernstein Global Wealth Management, and as a fixed income specialist Offitbank, working with ultra-high net worth individuals and their family offices, businesses and personal trusts.

The firm also announced it has hired Tracy McCarthy to lead its Denver office as regional president. She will reports to David Emmes, president of US Markets West.In this role, McCarthy will be responsible for managing and expanding the firm’s presence in Colorado.

Prior to this, McCarthy had her own business strategy consultancy and has worked at a number of wealth managers and private banks including US Trust, Lloyd’s Banking Group and Citibank.

The firm, meanwhile, announced it has moved the West Palm Beach office of BNY Mellon Wealth Management to a larger office at 330 PGA Boulevard in Palm Beach Gardens.

“The firm considers the Palm Beach region a key location and remains committed to enhancing its presence there. In addition to the leadership of Senior Director William Greenman, the office is also the home base for Tim Goering, BNY Mellon Wealth Management’s managing director for sales for the state of Florida,” it said.