Appointment Expands the Firm's New Corp of Investment Experts Serving the Ultra Wealthy
NEW YORK, January 12, 2011— BNY Mellon's wealth management business in December named Timothy Barker to the new position of family wealth advisor, part of a specialist team of experts who work with ultra high net worth families and family offices. Based in New York, Barker reports to 25-year veteran Ridgeway Powell, who was just promoted to lead this group.
"As we focus on serving the firm's largest clients, it is imperative that we continue to attract professionals of the very highest caliber," Powell said. "Tim's entire career has been devoted to handling complex investment, planning and banking needs of high net worth client relationships. We look forward to leveraging Tim's expertise as part of this new group."
Barker most recently served as a senior managing director of Family Wealth Advisors for First Republic Wealth Advisors, advising client portfolios of over $500 million. A seasoned veteran with more than 25 years of experience in the business, Barker has also worked for U.S. Trust Company as managing director for its Investment Products Group, as well as Chief Investment Officer for its Family Wealth Management Group, where he was directly responsible for many high net worth family relationships with more $1 billion in assets under advisement. He began his career with AYCO and has also worked for Prudential Securities and Picotte Companies in Albany, serving as General Counsel to its Real Estate Companies.
Barker received a Juris Doctor from the Albany Law School of Union University in New York and a bachelor's degree from Siena College in Loudonville, New York. Barker is a member of the New York State Bar Association, the Siena College Associate Board of Trustees and the St. Anne Institute Foundation for Girls in Albany, New York.
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 and follow us on Twitter @BNYMellon.