NEW YORK, July 7, 2015 – BNY Mellon Investment Management, announced today it has added Peter Hebert and Alexander Schmiesing to its retirement team to expand the group's business development capabilities and support ongoing growth.
Hebert, Senior Vice President, will be responsible for business development with a dedicated focus on strategic defined contribution record keepers and insurance sub-advisory opportunities. Schmiesing, Vice President, will be responsible for business development with an emphasis on national record keepers and variable annuity providers.
"Both Peter and Alex are important additions to the team, and their expertise will play a key role in helping us increase our market share in the defined contribution and insurance sub-advised marketplace," said Michael Gordon, Head of BNY Mellon Retirement. “They will work closely with our distribution team and our investment boutiques, as well as across BNY Mellon, to provide a tailored experience to our prospective clients and deliver the breadth of expertise from our entire organization to grow our client base.”
Hebert has extensive experience in the retirement investment-only and insurance sub-advised marketplace, having worked with a variety of institutional investors including insurance companies, mutual funds, supermarkets, wire houses and broker-dealers. He joins BNY Mellon Retirement from Sentinel Investments, where he most recently led Defined Contribution Investment Only and Sub-advisory efforts and served on the management team of Sentinel’s distribution company. He was also previously a vice president in the Strategic Alliances group at Pioneer Investments and held top sales and sales management posts at IXIS Asset Management Advisors, CIGNA Retirement & Investment Services and State Street Global Advisors.
Schmiesing, who holds both the CIMA® and ChFC® designations, joined BNY Mellon in 2014 and prior to this appointment was a Vice President in the Insurance Division. His prior experience includes sales and marketing positions at Sun Life Financial, The Hartford and Prudential. In these roles, his responsibilities included creating and implementing marketing strategies across distribution channels, through which he consistently posted strong sales growth.
Both Hebert and Schmiesing will report to Tripp Braillard, Chief Operating Officer, Retirement Distribution.
About BNY Mellon
BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.7 trillion in assets under management. It encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com.
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 March 31, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.7 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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