BNY Mellon Wealth Management successfully completed its two-year effort to increase its business development team by 50%. CEO Larry Hughes first announced the growth initiative in spring of 2013 with a goal of hiring 50 new sales officers.
Since then, the firm has also hired more than 50 additional staff including sales associates, portfolio managers, mortgage officers and private bankers to support the expanded sales team and the additional business it is generating.
“Not only did we achieve our goal, I also couldn’t be happier with the incredibly talented people we have added to the firm. We’ve made some great additions to our Private Banking team, our Wealth Strategists, our Portfolio Teams, and our Family Wealth Advisors,” Hughes said. “These people have already begun to produce terrific results for our clients. Our strong first-quarter new business results are a great indication that our plan is working.”
As of March 31, 2015, BNY Mellon Wealth Management’s total client assets reached $195 billion and the firm continues to seek to fill several openings across the U.S.
In addition to the expanded staff, BNY Mellon Wealth Management has also grown its footprint both in the U.S. and globally by opening new offices in Washington, D.C., Silicon Valley, San Diego and Dallas in recent years. Internationally, it established a presence in Hong Kong, Toronto, Dubai and Grand Cayman.
BNY Mellon Wealth Management employs nearly 2,000 people around the globe.