New position to oversee the wealth management firm’s Eastern Florida region
MIAMI and TAMPA, September 5, 2013 — The BNY Mellon, the global leader in investment management and investment services, has promoted Joseph Fernandez to a newly created position overseeing BNY Mellon Wealth Management’s Eastern Florida offices in Fort Lauderdale, West Palm Beach, Boca Raton and Miami. He reports to Craig Sutherland, president of the Southeastern U.S. region.
Florida is a key growth market for BNY Mellon Wealth Management, having grown its client base by 60 percent in the past 18 months. That dramatic growth is expected to continue with the firm’s previously announced sales force expansion plan to double BNY Mellon Wealth Management’s regional sales force over the next 18 months.
“To better align our business with future growth opportunities in Florida’s key wealth markets, we have reorganized the firm’s leadership structure with the creation of two regional president roles in the region,” said Sutherland. “In light of Joe’s leadership, experience, and excellence in execution and client service, he is a perfect fit to oversee our Eastern Florida business in this newly created role.”
Fernandez has been with BNY Mellon Wealth Management for 15 years. Most recently he served as managing director for Florida. Prior to that, he was team leader in the firm’s Miami office, overseeing the largest team in the region. Previously Fernandez was director of strategic planning for the Wealth Management division.
BNY Mellon Wealth Management is among the nation’s leading wealth managers, with more than two centuries of experience in providing services to clients, who today, include financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It is a leading U.S. wealth manager with more than $175 billion in private client assets, as of June 30, 2013, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services to clients, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information go to bnymellonwealthmanagement.com or follow us on Twitter @BNYMellonWealth.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2013, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on bnymellon.com, or follow us on Twitter @BNYMellon.