In the News compiles our financial and regional media mentions, audio and video interviews and our own press releases.
CEO Larry Hughes, in Hong Kong, spoke to Bloomberg Television's "Trending Business" about BNY Mellon Wealth Management's growth in APAC, as well as opportunities and risks in global investing.
Investors can no longer rely on high quality bonds for income, and wealth managers need to persuade their clients to take on more risk in fixed income, while also embracing equities, if they are to be successful in the hunt for yield.
BNY Mellon and comedian Brendan O'Carroll have been recognised for their philanthropic efforts at the seventh Philanthropic of the Year awards.
CEO Larry Hughes spoke on Bloomberg Radio's "Taking Stock" to discuss the Palo Alto, CA office opening.
CIO Leo Grohowski discusses the possible impact of the midterm elections. He expects little, if any, added volatility.
CIO Leo Grohowski discusses the state of the market and says investors should be ready for a choppy ride.
BNY Mellon Wealth Management has received regulatory approval in Hong Kong to launch comprehensive discretionary investment and wealth management services to high net worth individual investors.
John Flahive discusses the status of state pension programs.
Gary Cindrich has joined BNY Mellon as wealth director for business development in Pittsburgh, repoorting to Managing Director Scott Cox.
Declan Denehan, managing director of strategic growth initiatives, discusses BNY Mellon's successful innovation program.
BNY Mellon Wealth Management was named the Best Place to Work in Los Angeles by the LA Business Journal in its 8th annual survey of company employees. The list, broken out by company size, included the 100 most highly rated companies in the metropolitan region.
BNY Mellon, a global leader in investment management and investment services, has awarded $550,000 in grants to eight Pittsburgh-area nonprofit organizations. The grants were approved during the BNY Mellon Foundation of Southwestern Pennsylvania's summer meeting.
CIO Leo Grohowski spoke with Business News Network to discuss the market outlook for the remainder of the year and what to expect in 2015.
BNY Mellon Wealth Management was named the #1 large company to work for in Los Angeles. Each company "has its own special methods of elevating morale and team spirit to new heights, but one thing that is common among all of them is a commitment to the concept that employees' well-being directly impacts a company's well-being -- in the eyes of the public, its business partners, customers and shareholders."
BNY Mellon Wealth Management will open an office in downtown Palo Alto to serve those benefiting from Silicon Valley's rising prosperity.
BNY Mellon, a global leader in investment management and investment services, has promoted Patrick Crowe to National Director of Investment Analytics, Advice and Solutions for the company's wealth management business.
Many families think of their vacation home as their place for "down" time, their time to reconnect with their family and friends, to celebrate holidays and perhaps enjoy in the future as a retirement home. Vacation home owners may dream of keeping alive their legacy of family memories through their home for generations to come. But keeping this beloved home in the family requires planning.
Erin Gorman, national mortgage sales director, discusses the surge in million-dollar housing loans.
BNY Mellon, a global leader in investment management and investment services, has appointed James Robertson to be market leader for BNY Mellon Wealth Management's New Jersey region. Based in Madison, Robertson reports to Doris Meister, President - U.S. Markets Tri-State.
Sports marketing expert Bob Dorfman shares his thoughts on BNY Mellon Wealth Management's new ad campaign featuring NFL great Joe Montana.
Chief Investment Officer Leo Grohowski discusses the current state of the market.
Institutional Investor speaks with Erich Smith about family governance and how BNY Mellon works with families to explore their legacies, both financial and otherwise.
BNY Mellon, a global leader in investment management and investment services, has appointed Don Quattrucci to the newly created role of executive director for business development for BNY Mellon Wealth Management. He is based in Boston and reports to wealth management CEO Larry Hughes.
BNY Mellon, a global leader in investment management and investment services, has promoted Jon Soto to managing director of portfolio management for the Florida East Region. In this newly created position, Soto reports to Florida Regional President Joe Fernandez and is based in Fort Lauderdale.
BNY Mellon, a global leader in investment management and investment services, has hired Clare McCoy as wealth director for business development in BNY Mellon Wealth Management’s Madison, NJ office. She reports to Managing Director Katia Friend who heads sales efforts for the firm’s New York Tri-State region.
Chief Investment Strategist Jeff Mortimer speaks with CNBC about his bullish market outlook and why he thinks momentum stocks and growth stocks will continue to "have their day."
CIO Leo Grohowski speaks with Institutional Investor about what investors can do to counteract conservative and risk-averse thinking that may keep them from achieving their long-term goals.
BNY Mellon Wealth Management was named the top U.S. Private Bank and top Private Bank serving family offices by Family Wealth Report. The London-based trade publication serving the wealth management and family office industry announced the awards at its inaugural gala in New York on March 13.
Chief Investment Strategist Jeff Mortimer shares his views on the potential impact of rising interest rates on dividend-paying stocks.
BNY Mellon, a global leader in investment management and investment services, has hired Kevin J. Afnan as senior director for business development in BNY Mellon Wealth Management's Cleveland and Columbus offices.
BNY Mellon, a global leader in investment management and investment services, has hired Kristofer Reddaway as senior director for business development in BNY Mellon Wealth Management's Newport Beach office.
BNY Mellon, the global leader in investment management and investment services, has added three new professionals to its Family Office Solutions Group.
Jeff Mortimer shares his thoughts on the market and what to expect the remainder of the year.
Leo Grohowski discusses market outlook in light of Janet Yellen's first visit to the Hill as Federal Reserve Chair.
BNY Mellon, a global leader in investment management and investment services, has hired H. Belin Robertson as senior director for business development in the firm's Philadelphia wealth management office.
Jeff Mortimer appears on CNBC's Squawk Box to discuss the market and economic outlook in light of the jobs report.
BNY Mellon, the global leader in investment management and investment services, has hired Jennifer H. Lucas as senior director for business development in the company's Chicago wealth management office.
BNY Mellon, the global leader in investment management and investment services, has added three new professionals to its growing wealth management team in Chicago.
BNY Mellon, the global leader in investment management and investment services, has appointed Neil Kohler and Michael Castronovo to be mortgage banking officers with BNY Mellon Wealth Management in the Chicago region, which is the third largest wealth market in the U.S.
BNY Mellon, a global leader in investment management and investment services, has hired Christopher A. Benson as senior portfolio manager in the firm's Denver wealth management office.
The Boston Business Journal announced that Vicary Graham, BNY Mellon Wealth Management's regional president for New England, is an honoree for the publication's annual Advancing Women program.
A long expansion in the global and U.S. economy is expected to last for a total of eight years (2009 to 2017) according to BNY Mellon Chief Economist Richard Hoey in his most recent Economic Update entitled, "Eight-Year Economic Expansion."
BNY Mellon, the global leader in investment management and investment services, has opened a wealth management office in San Diego as part of its strategic expansion plan focusing on the top wealth markets in the U.S.
BNY Mellon, the global leader in investment management and investment services, has hired Todd Carlton as regional president for BNY Mellon Wealth Management with responsibility for leading the firm's wealth management business in Dallas and Texas overall.
Bill Sappington, BNY Mellon Wealth Management's executive director of private banking, spoke with Jackie Stewart of American Banker about the hiring of Bill Johnston as head of private banking solutions and the efforts to build our private banking and wealth management presence.
BNY Mellon, the global leader in investment management and investment services, has hired another industry veteran to join its fast-growing wealth management business in Southern California.
Leo Grohowski spoke with CNBC's Patti Domm to discuss the market outlook for 2014. While markets are poised to go higher, he views the movement as two steps forward and one step backward.
Jeff Mortimer appears on CNBC's Squawk Box to discuss the Friday jobs report and current investor sentiment.
BNY Mellon Wealth Management was a lead sponsor of the Ellis Boston Antiques Show Gala Preview.
Bloomberg Radio interviews CEO Larry Hughes on the wealth management industry and BNY Mellon's outlook on the markets and what clients are looking for in times of economic uncertainty.
Larry Hughes appears on NECN's Business show to discuss BNY Mellon's involvement with the Head of the Charles Regatta.
Leo Grohowski shares his thoughts on the state of the market.
Leo Grohowski discusses 401(k)s and target date funds.
Justin Miller discusses the issue of "technology assets" as another consideration in one's estate plan.
Jeff Mortimer spoke with CNBC's Squawk Box about the looming Fed taper.
BNY Mellon Wealth Management is named seventh largest wealth management firm in the annual survey by Barron's.
The San Francisco 49ers football team today announced that BNY Mellon, the global leader in investment management and investment services, has been named the "Official Investments Company" for the football team and a Founding Partner of Levi's® Stadium in Santa Clara, California. The 10-year agreement is set to begin in 2014 and run through the 2023 season.
Jeff Mortimer discusses the market on CNBC's Squawk Box.
Leo discusses the market amid various economic and geopolitical pressures.
Jeff Mortimer appears on CNBC's Squawk Box to discuss global events and tapering and their implications for the market.
Chief Economist Dick Hoey appears on CNBC's Squawk Box to provide a look at what is likely to move today's markets, as investors keep watch over the Fed's next move on interest rates and tapering.
Geoff Seaman shares insight on the recent SCOTUS ruling on the Defense of Marriage Act and implications on same-sex couples.
BNY Mellon today announced an exclusive multi-year sponsorship of the Head Of The Charles, one of the world's pre-eminent rowing competitions held annually in Boston and Cambridge, Mass. The event draws global participation, including a number of national, international and Olympic athletes. The 49th Regatta, scheduled this year for October 19 and 20, is expected to attract almost 10,000 competitors and more than 400,000 spectators.
New York City's next mayor takes office in January and will face expired contracts for 300,000 workers, rising health-care costs and a budget that's relied on one-time revenue.
To get a handle on what might change for same-sex married couples, BNY Mellon hosted a national conference call for key attorneys and CPAs with whom the bank partners. The call highlighted potential implications of the ruling, said Ray Ifert, Tampa regional president.
New-York based investment management firm BNY Mellon Corp. has named industry veteran Shannon Kennedy regional president to oversee the firm's Orange County office and lead its planned expansion into San Diego.
The wealth management business of BNY Mellon, the global leader in investment management and investment services, has hired Shannon Kennedy to become regional president for Orange and San Diego counties in Southern California.
U.S. stocks fell for the week, sending the Standard & Poor's 500 Index to its first back-to-back decline since November, as investors speculated the Federal Reserve will consider scaling back stimulus efforts.
Lawrence Hughes, BNY Mellon Wealth Management's Chief Executive Officer, talks with Bloomberg's Pimm Fox and Carol Massar on Bloomberg Radio's "Taking Stock." Hughes shares his insights on new wealth emerging as the economy strengthens.
Bank of New York Mellon Corp., the world's largest custody bank, is hiring as many as 100 people in its wealth-management unit as it seeks to counter lackluster earnings in other businesses.
Over the next two years, BNY Mellon Wealth Management is growing its sales force by 50%, and plans to add private bankers, mortgage bankers, portfolio managers and wealth strategists in key markets across North America to cater to an evolving high net worth population that seeks a more advisory, consultative and holistic approach to investing.
BNY Mellon, the global leader in investment management and investment services, is rolling out a major two-year recruiting campaign to increase BNY Mellon Wealth Management's sales force by 50 percent. In addition, the firm intends to add private bankers and mortgage bankers, portfolio managers and wealth strategists as well as additional sales support staff.
Jeff Mortimer appears on Business News Network's "Market Share" to discuss the market. He notes that the markets have already priced in the factors that contribute to the "Wall of Worry" among investors.
Chief Investment Officer Leo Grohowski weighs in on the April 11th Dow and S&P 500 market highs in this Reuters article.
Leo Grohowski is featured prominently in CNBC Executive News Editor Patti Domm's blog weighing the impact of earnings, Fed actions, and soft economic data on market performance.
Isaac Barrocas, senior director of BNY Mellon International Wealth Management, is quoted throughout a Family Wealth Report article on the investment and custody needs of Mexico's high net worth market, the second largest in Latin America after Brazil.
BNY Mellon, the global leader in investment management and investment services, has maintained its ranking as the safest U.S.-based bank, according to Global Finance magazine's ranking of the world's 50 safest banks. This is the fifth consecutive year that BNY Mellon has ranked safest in the U.S.
Jeff Mortimer appears on Bloomberg TV's "Taking Stock" to discuss the impact of ECB monetary policy on the U.S. stock market and where he sees investment opportunities.
Leo Grohowski discussed the U.S. equity market outlook on Canada's Business News Network.
BNY Mellon has named Christopher Hohlstein to be regional president for Georgia in BNY Mellon Wealth Management's growing office in Atlanta.
Jeff Mortimer talks with Barron's about investor psychology and how investors who sit on the sidelines, rather than moving into equities, may be at greater risk.
Chief Investment Officer Leo Grohowski talks with TheStreet.com reporter Gregg Greenberg about market outlooks for 2013, investor sentiment and opportunities in equities and fixed income.
BNY Mellon Wealth Management's Jeff Mortimer appeared on Bloomberg’s “Taking Stock” as one of three guests commenting in a segment regarding the fiscal cliff and investing strategies.
Susan Traver is quoted in the Washington Post addressing the expanding wealth market in Washington, D.C.
As the U.S. starts to recover from the devastating impact and extensive damage along the East Coast caused by Hurricane Sandy,BNY Mellon and its employees have moved quickly to help those in need.
Wealth Strategist Joan Crain is quoted in a New York Times special wealth supplement on the wealthy's fear of running out of money during retirement.
Jeff Mortimer speaks to Boston's WRKO radio on his views of the current investing climate and what he expects for 2013.
American financial markets are struggling due to weak overseas business. However, Jeff Mortimer, director of investment strategy, believes that many U.S. stocks have already declined in anticipation of more difficult global market conditions, thus stocks may actually benefit in weeks ahead. Jeff is quoted in the July 10th issue of The Boston Globe, "You've had profit estimates coming down at a level not seen since 2001. You're getting significant revisions as global growth has slowed."
BNY Mellon has tapped investment industry veteran Jeffrey Mortimer to be director of investment strategy for its wealth management group, effective June 18. Reporting to Wealth Management Chief Investment Officer Leo Grohowski, Mortimer will be based in Boston.
Wealthy individuals face no shortage of places to put their dollars, especially if they're eyeing something other than the traditional slate of stocks and bonds. Susan Traver, regional president of BNY Mellon Wealth Management's Washington D.C. office, comments on branching off into alternative investments.
Wealthy families and individuals can fulfill their philanthropic goals while saving on taxes and building up assets for themselves and their heirs, according to experts in charitable trusts at BNY Mellon Wealth Management.
As investors remain focused on Greece's election next month, Leo Grohowski, BNY Mellon Wealth Management's chief investment officer, believes the markets are going to be reacting more quickly than the policy makers, proving the market axiom "sell in May and stay away" true for the third consecutive year.
What's ahead for the future of interest rates? John Flahive, Director of Fixed Income, shares his predictions.
Leo Grohowski is quoted in the Boston Globe addressing forecasts for diminishing profit gains.
Aleca Hughes, whose efforts to help save lives have been inspired by her teammate Mandi Schwartz (1988-2011), has been named the winner of the 2012 BNY Mellon Wealth Management Hockey Humanitarian Award.
Leo Grohowski appears on CNBC's Squawk Box speaking on the markets outlook for the second quarter.
The Boston Business Journal talks with Larry Hughes about his rise to CEO of BNY Mellon Wealth Management, plans for expanding its brand and why he's optimistic about finding oppurtunities in today's investment climate.
BNY Mellon, the global leader in investment management and investment services, continues to rank as the safest U.S.-based bank, according to Global Finance magazine's ranking of the world's 50 safest banks.
Leo Grohowski appears on CNBC's Squawk Box to discuss why, given market valuations, gains are harder to come by compared to last year.
There is one stock now trading on the New York Stock Exchange that's been around since the era of George Washington.
Jere Doyle is quoted in the lead story in the New York Times special wealth section on entrepreneurs interested in buying back the businesses they've sold.
BNY Mellon has opened its first wealth management office in the Cayman Islands in an effort to expand the firm's global reach.
John Flahive, BNY Mellon's Director of Fixed Income Investments, comments on the recent Pittsburgh municipal bond sale, noting that although the city is under state supervision, its bond rating has stabilized and the sale went better than originally expected.
Leo Grohowski appears on CNBC's Squawk Box to comment on opportunities in the equity market.
The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE:BK) today reported fourth quarter net income applicable to common shareholders of $505 million, or $0.42 per common share, compared with $679 million, or $0.54 per common share, in the fourth quarter of 2010 and $651 million, or $0.53 per common share, in the third quarter of 2011.
BNY Mellon's wealth management business promoted Managing Director Andy Paterson to become president for the firm's Central Region, which includes Western Pennsylvania and Ohio. Paterson, who assumed his new role at the beginning of January, reports to Timothy Tully Jr., President of U.S. Markets East. Paterson takes over the presidency from Joseph Banko, who was promoted to Executive Director of Market Strategy for U.S. Markets East.
Southeast President Craig Sutherland discusses the status of the wealth management industry and how BNY Mellon Wealth Management protects it's clients' assets.
BNY Mellon, the global leader in investment management and investment services, announced it awarded more than $7.2 million in grants to New York-area nonprofits during 2011 through its philanthropic giving program.
CIO Leo Grohowski discusses BNY Mellon Wealth Management's bullish stand on dividend stocks overall, but notes it has cut its exposure to utilities and master limited partnerships.
James Hillman of BNY Mellon Wealth Management talks about rich clients, military service, law school and the baseball dad network.
BNY Mellon Wealth Management's Edgar Murcia speaks with the San Fernando Business Journal about the business of aircraft financing.
The Boston Business Journal sits down with BNY Mellon Wealth Management's Rene Jarquin, president of the 2000-member Boston chapter of the Association of Latino Professionals in Finance and Accounting.
An outlook on whether Europe will solve its debt crisis, with Curtis Arledge, BNY Mellon Investment Management CEO, who weighs in on the opportunities in the markets right now.
Speaking at the Reuters 2012 Investment Outlook Summit, Leo Grohowski said equities would continue to remain strongly correlated with headlines out of Europe, though the market has already priced in a great deal of potential bad news.
BNY Mellon's wealth management business has appointed Ron Bruder, managing director, to its corps of investment management experts in advising ultra high net worth families and family offices with highly complex investment, banking and planning needs.
BNY Mellon Wealth Management is named third largest private bank in the annual survey by Barron's.
Leo Grohowski appears on Canada's Business News Network to comment on the globally coordinated efforts of central banks to increase liquidity and additional actions needed to increase investor confidence.
BNY Mellon's wealth management business has appointed Penny Weeks to be regional director for private banking for New England, in the firm's private banking group. Based in Boston, Weeks reports to Erin Gorman, managing director of the firm’s rapidly growing mortgage business nationally, and leads the private banking business in New England.
BNY Mellon Wealth Management has opened a District office and tapped Susan Traver, former local head of Wells Fargo Private Bank, as regional president for the Washington area.
Larry Hughes talks to Bank Investment Consultant about opening BNY Mellon Wealth Management's new office in DC, completing the wealth manager's strategy to enter into the top 10 markets, up from seven a year ago.
BNY Mellon's wealth management business has named Andrew Tepper to join its corps of Wealth Advisors dedicated to working with ultra high net worth families and family offices that typically have highly complex investment, banking and planning needs.
BNY Mellon, the global leader in investment management and investment services, announced that the BNY Mellon New England Charitable Giving Program has awarded more than $2.2 million in corporate and trust grants to Boston-area nonprofits for its fiscal year 2011.
BNY Mellon's wealth management business has named Ridgway Powell to lead its corps of wealth advisors, a specialist team of experts who work with ultra high net worth families and family offices. Reporting to Donald Heberle, head of Family Wealth and International Businesses, Powell will serve as Managing Director and team leader of the firm's advisors supporting ultra high net worth families and family offices.
BNY Mellon, the global leader in investment management and investment services, will hold a “Salute to Veterans” event on November 9, 2011, in honor of Veterans Day and the brave men and women who have served the United States.
BNY Mellon, the global leader in investment management and investment services, announced today it has joined forces with Operation Warm to give away more than 10,000 new winter coats to children in need in New York, Boston, Pittsburgh, Philadelphia and Newark. The company provides funding for the purchase of new coats, and employees will volunteer at several coat distribution events in the coming weeks.
BNY Mellon's wealth management business has named Lawrence Miles to be regional president for the firm's growing Los Angeles Office. Miles reports to David Emmes, President of U.S. Markets-West and is based in the company's new Century City office, which opens today.
BNY Mellon's wealth management business has appointed Justin Miller to the position of senior wealth strategist for investment management. Based in San Francisco, Miller reports to Head of Family Wealth and International Businesses Donald Heberle and will work closely with BNY Mellon teams in California, Washington and Colorado. Miller, a 12-year veteran in the investment management.
The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE:BK) today reported third quarter net income applicable to common shareholders of $651 million, or $0.53 per common share, compared with $622 million, or $0.51 per common share, in the third quarter of 2010 and $735 million, or $0.59 per common share, in the second quarter of 2011.
Doris Meister sits down for a Q&A with Avenue magazine, which named her one of New York's Influential Women.
BNY Mellon Vice Chairman Karen Peetz has been named the “Most Powerful Woman in Banking” by American Banker magazine as part of its annual ranking of women in banking and finance. The rankings are based on the financial performance of each organization or woman-led division, combined with each nominee’s job responsibility, management style, crisis management skills, influence within the industry and charitable endeavors.
As part of a strategic refocus of its Charitable Gift Services group within its wealth management business, BNY Mellon has hired Sally Rubin to be director of CGS Investments. Rubin is a proven investment strategist with 12 years of experience with an institutional investment management firm.
BNY Mellon, the global leader in investment management and investment services, ranks as the safest U.S.-based bank for the third consecutive year in Global Finance magazine’s annual “World’s 50 Safest Banks” ranking.
BNY Mellon has hired Joshua Miller to a newly created position in its wealth management business supporting the firm’s clients nationwide with an array of private banking, wealth, tax and estate planning needs. Based in Boston, Miller reports to Senior Director Dan Gebhart.
Wealth strategist Ed Mooney weighs in on the risks of co-signing a mortgage for a family member or close friend.
Leo Grohowski appeared on CNBC's Squawkbox to talk about the July 7th employment report and its effect on the day's futures market.
Leo Grohowski appeared on the Yahoo! Finance Web site in a wide-ranging discussion about the market outlook for the second half of 2011.
BNY Mellon has completed its acquisition of Chicago-based Talon Asset Management's wealth management operations, and has named managing director Michael DiMedio regional president of the wealth manager's first Chicago office.
Bank of New York Mellon Corp. (BK), the world's largest custody bank, agreed to buy Talon Asset Management's wealth management operations, adding more than $800 million in assets.
The Bank of New York Mellon Corporation (“BNY Mellon”) (NYSE:BK) today reported first quarter net income applicable to common shareholders of $625 million, or $0.50 per common share, compared with net income from continuing operations applicable to common shareholders of $601 million, or $0.49 per common share, in the first quarter of 2010 and $690 million, or $0.55 per common share, in the fourth quarter of 2010.
BNY Mellon, the global leader in asset management and securities servicing, today announced that it was named the Corporate Partner of the Year by the Metro New York chapter of the National Black MBA Association (NBMBAA). The award, presented during the organization's 20th Annual Scholarship and Awards Reception, recognized BNY Mellon's support and leadership in hiring and mentoring the chapter's MBA professionals.
BNY Mellon, the global leader in asset management and securities servicing is supporting Dress for Success Boston as a presenting sponsor with a $25,000 contribution at the nonprofit's fifth annual luncheon, being held on Friday, January 28 at The Fairmont Copley Plaza hotel. Vicary Graham, president of New England for BNY Mellon Wealth Management, will chair the event, the third straight year a BNY Mellon executive has served in that role.
BNY Mellon Wealth Management now offers its private banking clients Cash Management Access Accounts (CMAA) that allow them to handle their banking and self-directed investment capabilities in one streamlined solution. With this enhanced banking feature, clients have a convenient and flexible way to manage their day-to-day financial needs and the ability to view the activity of various accounts through a single web-based access point.
Joan Crain appears on Dow Jones/Wall Street Journal to discuss year-end charitable gift planning.
Larry Hughes appears on Reuters Insider to discuss BNY Mellon Wealth Management and how it is positioned to help clients achieve their goals.