Responsibilities Include Portfolio Management, Private Banking and New Business Development
PITTSBURGH, January 11, 2012 — BNY Mellon's wealth management business promoted Managing Director Andy Paterson to become president for the firm's Central Region, which includes Western Pennsylvania and Ohio. Paterson, who assumed his new role at the beginning of January, reports to Timothy Tully Jr., President of U.S. Markets East. Paterson takes over the presidency from Joseph Banko, who was promoted to Executive Director of Market Strategy for U.S. Markets East.
Based in Pittsburgh, Paterson will be responsible for all portfolio management, banking and new business development in the region. Prior to this appointment he has held several key client-facing roles during his 11 years with BNY Mellon, most recently as a Managing Director for Western Pennsylvania and head of the Ohio region. Before joining BNY Mellon he was a chief investment officer for a regional bank.
"The unique combination of client focus, commitment and wealth management expertise Andy brings to his new role position him to succeed in his expanded leadership responsibilities," Tully said. "We are confident that Andy and his team will make a great contribution and continue BNY Mellon's success and growth in the Western Pennsylvania and Ohio markets."
Paterson earned his undergraduate degree from University Of Pittsburgh and is on the Board of Trustees for the Homeless Children's Education Fund in Pittsburgh.
Banko, who has been with BNY Mellon for nearly 30 years, also reports to Tully and is based in Pittsburgh. He earned his bachelor's degree in business administration from Duquesne University and is a Certified Public Accountant.
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.