November 28, 2011

BNY Mellon Names Penny Weeks as Regional Director for Private Banking in New England


With Weeks' Deep Professional Experience, Firm Will Develop Private Banking Business

NEW YORK and BOSTON, November 28, 2011 — BNY Mellon's wealth management business has appointed Penny Weeks to be regional director for private banking for New England, in the firm's private banking group. Based in Boston, Weeks reports to Erin Gorman, managing director of the firm's rapidly growing mortgage business nationally, and leads the private banking business in New England.

Weeks has more than 25 years of private banking experience serving high net worth individuals and families with their financial, estate and investment planning needs. Prior to joining BNY Mellon she was a senior vice president and private banking team leader at Northern Trust and served for three years as senior private banker at U.S. Trust.

"Penny brings real depth to her role as regional director and a fresh perspective in serving our clients," Gorman said. "We think her experience and energy will also help drive growth of our private banking business in the region." Boston is among the ten largest wealth markets in the U.S. and is headquarters for the Wealth Management business.

Weeks, a certified financial planner, holds a diploma in Financial Planning from Boston University and earned a certificate in management and administration from Harvard. She attended Hobart & William Smith Colleges where she earned her B.A.

Among her many community activities, Weeks is on the advisory board of the Nonprofit Finance Fund, recently joined The Boston Club, and is a member of Womenade, a Boston-based women's philanthropic group.

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 about $170 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 $25.9 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 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 or follow us on Twitter @bnymellon.