September 21, 2011

BNY Mellon Names New Sales Manager for Wealth Management Group in Boston


Young Brings 20 Years of Experience in Sales Management, Business Development 

BOSTON and NEW YORK, September 19, 2011 — BNY Mellon has appointed Fred Young to the position of managing director of sales for investment management serving the Boston region for the company's wealth management business. Reporting to New England President Vicary Graham, Young is based in Boston.

"Fred joins our team at a time when BNY Mellon Wealth Management is showing strong momentum entering the fourth quarter," Graham said. "Fred has consistently distinguished himself as a top performer in building and leading new business teams and providing the highest level of client service. With his broad expertise and years of sales management experience, we look forward to deepening our existing relationships and building new ones with high net worth investors in the coming year."

Young, a 20-year veteran in the investment management industry, previously served as a vice president and relationship development manager at Glenmede. There he was responsible for marketing and sales for two of the company's New Jersey offices. Prior to that, as senior vice president, regional sales director at Wells Fargo (then-named Wachovia), he oversaw sales staff throughout the East Coast.

Young earned an undergraduate degree in Finance from the Wharton School at the University of Pennsylvania and is a certified trust and financial advisor.

Young and his family have moved to Boston from New Jersey where he was actively involved in community organizations including the Princeton Arts Council and Princeton University Art Museum, among other nonprofits.

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is among the top 10 U.S. wealth managers with $171 billion in private client assets and an extensive network of offices in the U.S. and internationally.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com and throughTwitter @bnymellon.