BNY Mellon Wealth Management Names Donald J. Heberle as CEO

NEW YORK, May 21, 2015 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has appointed Donald J. Heberle to be the new Chief Executive Officer of BNY Mellon Wealth Management, succeeding current CEO Lawrence Hughes. After 24 years with the company, Hughes has decided to retire from his role as of June 30, 2015, and will continue with BNY Mellon in an advisory role within BNY Mellon Investment Management. 

Heberle will be based in New York where he will continue to direct the long-term growth and expansion strategy that the Wealth Management leadership team has been driving for the past two years.

Since he joined BNY Mellon in 1997, Heberle has served in several key leadership roles. As Executive Director of Client Advice and International Wealth Management, Heberle oversees the firm's International Wealth Management business, its Family Wealth Advisory and Wealth and Estate Strategist groups as well as client service delivery strategy. 

In previous roles Heberle served as Executive Director for the Family Office and International Wealth Management businesses; was Director of Investment Strategy for Mellon's Private Wealth Management group; and developed and implemented the firm's tax-managed equity investment process.  Heberle received a bachelor's degree in economics from Harvard College and a master of business administration in finance and accounting from Carnegie Mellon University.

"We thank Larry Hughes for his 24 years of service to BNY Mellon. He and his talented leadership team have helped build BNY Mellon Wealth Management into one of the strongest firms in the business. We are pleased to announce that Don Heberle, one of Wealth Management's most senior executives, will now take over as CEO," said Curtis Arledge, Vice Chairman of BNY Mellon and CEO of Investment Management. "I look forward to continued growth under Don's leadership and am also very pleased that Larry is willing to serve BNY Mellon in an advisory role."

"BNY Mellon is an institution with a rich history and a bright future, and I am honored to have the opportunity to lead one of its key businesses," said Heberle. "I look forward to working with my colleagues across both Wealth Management and the rest of Investment Management on strategic initiatives to expand the business, while delivering innovative solutions to serve existing clients and attract new ones." 

"It has been a privilege working with everyone at BNY Mellon over the past two and a half decades, and under Don Heberle's capable leadership, I am confident that Wealth Management will continue moving forward with great momentum." Hughes said, "I'm proud of having led a team that was continually at the top of the industry in client satisfaction and retention, of our efforts to build the brand and profile, and of our ongoing expansion in current and new markets."

Media Contacts

Mike Dunn
BNY Mellon Investment Management
+ 1 212-922-7859
[email protected]                                                                                                 

Susan Rivers
BNY Mellon Wealth Management
+1 617-722-7193                                             
+1 857-472-8292 cell                                     
[email protected]

About BNY Mellon

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.7 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 Wealth Management is a leading wealth manager, and was named in 2015 by Family Wealth Report as the top National Private Asset Manager and top Private Bank serving Family Offices. Barron's ranked it the 7th largest U.S. wealth manager in 2014. The firm has more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has more than $194 billion in private client assets, as of March 31, 2015, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation.  For more information go to bnymellonwealthmanagement.com or follow us on Twitter @BNYMellonWealth.

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 March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.7 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.

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SOURCE BNY Mellon

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