BNY Mellon Wealth Management has hired Peter L. Berg as vice president and sales director to promote custody services to registered investment advisors across the U.S. A seasoned industry veteran with deep experience and contacts, Berg will report to Dan McCarron, head of the wealth manager's national custody division.

"With Peter joining our team, we are taking one more step toward establishing a stronger presence with the registered investment advisor community across the U.S.," McCarron said.

Before joining BNY Mellon, Berg ran his own third party distribution firm, Boston Light Investments, and previously worked as a senior vice president with HSBC Private Bank where he established the bank's Boston office. From 2000 to 2007 he was senior regional vice president for the Northeast with Schwab Institutional, which offered services to registered investment advisors.

Berg earned his bachelors degree at University of Massachusetts, Amherst, and lives in Cohasset, Mass.

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with about $157 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.