Based in Madison, NJ, Maldonado will report to managing director Katia Friend. He was latterly a managing director at Merrill Lynch Global Wealth Management, where he ran the equities business. He also worked on client account management and business development for the Global Investment Solutions group.

Previously, Maldonado was vice president and head of position trading for global equities at Fidelity Capital Markets.  

In other recent hires, last week BNY Mellon Wealth Management appointed William Johnston to a newly-created position: head of private banking solutions. Johnston is based in New York and joined from Capital One Bank, where he was market executive for middle market. The same week, three senior directors for business development were named in Connecticut, Los Angeles and New York (view here).

All these hires are part of the firm’s previously-announced two-year recruiting campaign to increase its sales force by 50 per cent and create other roles in important US wealth markets.