Executive brings to growing Texas office deep expertise in serving high net worth clients
DALLAS, January 9, 2014 — 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. Carlton, who steps into a newly created role in the Dallas office, reports to President of U.S. Markets—West David Emmes.
Carlton’s hire underscores the firm’s focus on strengthening its presence in top U.S. wealth markets and is part of a previously announced plan to increase its sales force by 50 percent and add a number of portfolio management and private banking positions. The Dallas office has experienced strong growth since opening in 2009 with a staff of two. By 2012 the staff had increased to 10 and the office moved to a Preston Center location that is three times as large as the original.
“BNY Mellon Wealth Management’s focus on Texas is integral to our long–term growth strategy in key U.S. wealth markets,” said Emmes. “Building on the incredible growth of the past four years, in 2014 we plan to add at least five more professionals in Dallas to sustain the high-quality service we deliver to clients while also gaining new ones.”
Prior to joining BNY Mellon late last year, Carlton was the Texas-area wealth executive at Regions Private Wealth Management in Dallas. Previously, he was vice president of private client services at First Horizon Bank and earlier in his career, he provided personal financial services at JP Morgan Chase and was a financial advisor with UBS Paine Webber.
He has a bachelor’s degree in advertising and public relations from Texas Christian University, and an MBA in marketing and strategy from Southern Methodist University’s Cox School of Business. He serves on boards and committees for a variety of charitable and non-profit organizations including Tarrant County College Accounting Department, Whites Chapel United Methodist Church and Carroll Education Foundation. He resides in Southlake, Texas.
BNY Mellon Wealth Management is a leading wealth manager 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, planned giving programs, and endowments and foundations. It is a leading U.S. wealth manager with nearly $180 billion in private client assets, as of September 30, 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 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 35 countries and more than 100 markets. As of September 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration, and $1.5 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 bnymellon.com, or follow us on Twitter @BNYMellon.