January 23, 2012

BNY Mellon Promotes Greg Simpson to New Family Wealth Advisor Team


In This New Role He Will Focus on Serving the Complex Planning Needs of Ultra Wealthy Clients

NEW YORK and PITTSBURGH, January 23, 2012 — BNY Mellon’s wealth management business has promoted Gregory Simpson 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. Effective March 1, Simpson will report to 25-year veteran Ridgway Powell, who late last year was promoted to lead this group.

"Greg is a seasoned investment professional with the experience and expertise that is critical to serving the particularly complex needs of our ultra high net worth clients," Powell said. "We are delighted that have him on our family wealth advisor team."

Simpson is based in Pittsburgh and has 20 years of experience in financial services. He has been with BNY Mellon since 1999, most recently as a portfolio management team leader. Prior to joining BNY Mellon Simpson was a vice president and regional manager for Western Pennsylvania at Sterling Ltd., a unit of National City Corp. He earned an undergraduate degree in economics and finance from Clarion University in Pennsylvania, an MBA from Carnegie Mellon University in Pittsburgh and holds the CFA designation.

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 $168 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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.