Ronald S. Ambrogio Aims to Increase Firm's Ohio Market Share
NEW YORK and CLEVELAND, February 18, 2011 — BNY Mellon Wealth Management has hired Ronald Ambrogio who will steer the firm's growth in the important Ohio market as its new regional president. Based in Cleveland, Ambrogio has overall leadership responsibility for BNY Mellon Wealth Management's investment management, trust and private banking businesses.
"Our focus on serving the needs of wealthy investors starts with attracting and retaining top talent," said Timothy Tully Jr., president of the firm's U.S. Markets-East (which include Ambrogio's region). "Ron's impressive career and ability to forge lasting client relationships typifies the deep talent and experience of our professionals, who have been instrumental to our leading-edge client-retention rate."
BNY Mellon Wealth Management has 26 professionals serving the Ohio region and plans to expand its presence in the Columbus and Cleveland market with a few more professional positions in the coming year.
Ambrogio has more than 30 years of experience in the wealth management industry. Prior to joining BNY Mellon Wealth Management, he was with Key Bank National Association, where he was most recently the national sales manager and responsible for the firm's wealth management division along with managing the wealth management credit division.
Ambrogio earned a bachelor's degree from John Carroll University and, has an MBA from Baldwin-Wallace College. He is also a graduate of the University of Virginia's Graduate School of Bank Management and the University of Pennsylvania's Wharton Business School - Securities Industry Institute.
A native of Highland Heights, he is involved in his community by serving on the board of directors of the Ronald McDonald House of Cleveland, and also supports a number of nonprofit organizations and civic groups in the Cleveland community.
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 more than $166 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, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 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.