June 05, 2013

BNY Mellon Appoints Wealth Industry Veteran to Head Key Regional Market in Southern California

Shannon Kennedy to become regional president for BNY Mellon Wealth Management in Newport Beach Serving Orange and San Diego Counties

NEW YORK, June 5, 2013 — 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. This newly created position marks another step in BNY Mellon Wealth Management’s previously announced long-term strategic recruitment and hiring effort. She will be based in Newport Beach and report to President David Emmes, who heads US Markets-West for the wealth management firm. Kennedy officially starts on July 8.

Kennedy joins BNY Mellon from Northern Trust where over her 26-year career she held progressively responsible positions, most recently as global director of sales, marketing and portfolio management for the company’s global family and private investment offices group. Among her other responsibilities in that role, she worked with exceptionally wealthy families who had in excess of $200 million and with their staff in identifying trends and facilitating client networking groups. During her tenure for more than six years she also served as a board member of the Northern Trust Company of Delaware.

A long-time Chicago resident and former member of Crain’s Chicago Business “40 under 40” list of up-and-coming executives, Kennedy is moving to Southern California to take up her new role. “This leadership position at BNY Mellon Wealth Management, with its rich tradition and commitment to excellence, is a great opportunity,” Kennedy said. “I am particularly impressed by the incredible investment BNY Mellon is making in its wealth business. It’s a real differentiator for us in our industry.”

“The Orange County-San Diego region is a key and fast-growing wealth market. Shannon’s leadership and experience will help us build on our terrific momentum by further expanding our network and client base in Newport Beach and throughout the region,” Emmes said.

Kennedy earned her undergraduate degree in business administration and MBA with honors from Loyola University. Among the several community organizations Kennedy has been involved with, she has served for seven years as Vice President for Leadership Greater Chicago and for more than 13 years has been a member of the Executive Club of Chicago.

BNY Mellon Wealth Management is among the nation’s leading wealth managers, with 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, charitable gift programs, and endowments and foundations. It is a leading U.S. wealth manager with more than $188 billion in private client assets, as of March 31, 2013, 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 to clients, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information go to www.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 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration, and $1.4 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. Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.