BNY Mellon Appoints Kimberly Mustin Head of North American Distribution More than 20 Years of Financial Services Distribution Expertise
NEW YORK, April 15, 2014 /PRNewswire/ -- BNY Mellon Investment Management announced today that Kimberly Mustin has joined the firm as Head of North American Distribution, responsible for leading new business strategy and driving sales, client management and consultant relations efforts across institutional, retirement and retail markets throughout North America.
"Kim has significant leadership experience in all three North American markets and has succeeded within a multi-boutique investment management structure," said PeterPaul Pardi, BNY Mellon's Global Head of Distribution. "We are delighted to have Kim lead our North American efforts, and are confident she will further enhance our ability to build a market-leading organization focused on delivering outstanding investment solutions to our clients from across our specialist boutiques."
In North America, Mustin will oversee centralized distribution and consultant relations across Dreyfus, BNY Mellon Retirement, and Institutional markets. Working closely with BNY Mellon's investment boutiques, as well as Investment Management's product and marketing leadership, she will lead the strategic plan for the North American distribution business. She will be based in New York and report to Pardi.
Mustin joins BNY Mellon most recently from OppenheimerFunds where she was Head of Global Strategic Accounts since 2010, leading all institutional buyer groups including institutional, retail home offices, third party and global private banking platforms. Prior to Oppenheimer, Mustin was with Legg Mason, serving as both Head of Institutional and Co-Head of Americas Distribution for Legg Mason affiliates. Throughout her career of consistently progressive sales leadership positions, Mustin headed the Financial Institutions Group at Deutsche Bank, led Consulting and Relationship Management for Retirement at Scudder Investments, was a Principal at State Street Global Advisors and a Senior Consultant at Putnam Investments. She began her career as an Agent with the US Treasury Department.
"We are working continuously to explore, develop and implement enhancements to our distribution efforts globally," Pardi continued. "These initiatives have enabled us to achieve top 10 sales performance in both the U.K. and Europe in 2013, as well as a top 10 position in the U.S. Retirement market*. It's a thoughtful approach to strategic planning and investment in our platform that will serve Kim well as she leads us forward in North America."
*Top 10 – United Kingdom – UK Master Groups Ranking, Ex. MM & FOF Lipper FM / FundFile
Estimated Net Sales and Total Net Assets as of December 2013.
*Top 10 – Europe – Pan-European Master Groups Ranking, Lipper FM / FundFile (Fund Region: Europe and International) Estimated Net Sales and Total Net Assets as of September 2013.
*Top 10 Defined Contribution Investment-Only Provider (The Cerulli Report, Retirement Markets 2013)
Notes to Editors:
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.6 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 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 December 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration, and $1.6 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.
Unless otherwise noted, all information source BNY Mellon as of Dec. 31, 2013. This press release is qualified for issuance in the US only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. A BNY Mellon Company.
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