NEW YORK, Oct. 23, 2014 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has appointed James S. Wiener senior executive vice president and chief risk officer for the company, effective November 24, 2014. Wiener will lead the company's global Risk and Compliance Group, overseeing the compliance and credit, operational and market risk functions. He will continue to build the company's risk management capabilities, including integrating enterprise risk data, reporting, analytics, modeling and strategy efforts.
Wiener will report to Gerald L. Hassell, BNY Mellon's chairman and chief executive officer, and the Risk Committee of the Board of Directors. He will serve on the Executive Committee, the company's most senior management body, which oversees day-to-day operations. Wiener will succeed Brian Rogan, who is retiring at the end of the year.
Wiener joins BNY Mellon from Oliver Wyman Group, where he was senior partner and leader of the North American Public Policy Practice and a member of the firm's management committee. In that role, he led the firm's consulting focus on capital planning requirements under the Federal Reserve's Comprehensive Capital Analysis Review (CCAR), Dodd Frank derivatives reform, prudential standards for foreign banking organizations, and resolution and recovery planning.
Wiener joined Oliver Wyman in 1994, and held a series of increasingly senior roles, including as senior partner and leader of the North American Finance and Risk Management Practice, where he led the firm's largest practice area globally. Wiener has extensive experience working with the largest and most complex global financial institutions and is a widely recognized expert on financial services, capital markets and risk management He earned a B.A. in Physics from the University of Pennsylvania and Ph.D. in Physics from Princeton University.
"Jim's deep and wide-ranging experience provides him with a unique understanding of the risk management requirements and expectations of the public and private sectors," said Hassell. "He will provide our company with strong leadership, counsel and vision in the ongoing management of our compliance and credit, operational and market risk areas."
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 Sept. 30, 2014, BNY Mellon had $28.3 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.
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SOURCE BNY Mellon