Hebert and Schmiesing to focus on expanding market share and delivering tailored client experience
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.
All information sourced by BNY Mellon as of March 31, 2015. This press release is qualified for issuance in the UK, Europe and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. Any views and opinions contained in this document are those of the investment manager, unless otherwise noted. This press release is issued by BNY Mellon Investment Management (US) and BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Registered office of BNYMIM EMEA: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. A BNY Mellon Company.
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