BNY Mellon appoints new CEO of wealth management

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BNY Mellon has announced the appointment of Catherine M. Keating as Chief Executive Officer of BNY Mellon Wealth Management and member of the Executive Committee, BNY Mellon's senior-most governing body.

Keating will join on July 9, 2018, and will report directly to BNY Mellon Investment Management CEO, Mitchell Harris. She will also join Investment Management's Leadership Team and be based in New York.

Keating will be responsible for setting the strategic direction of BNY Mellon's Wealth Management business, a strong offering that has experienced robust revenue growth over a consecutive six-year period. This includes ongoing expansion of a diverse range of world-class capabilities to clients in new wealth markets, investing in client segments and digital capabilities and continuing to attract and develop top talent.

"Catherine is a seasoned CEO with a strong track record in leading wealth management and asset management organizations," said Mitchell Harris, CEO of BNY Mellon Investment Management. "Throughout her career, she has demonstrated the leadership skills that we're confident will make themselves immediately and deeply felt by our staff and clients. We are delighted with Catherine's arrival, and I look forward to partnering with her to advance the growth of our Wealth Management offering and capabilities for clients."

Since February 2015, Keating most recently served as President and Chief Executive Officer of Commonfund, a non-profit, global institutional asset manager serving endowments, foundations and public sector investors. Previously, Keating enjoyed nearly two decades of experience at JPMorgan Chase & Co., including roles as Head of Investment Management Americas (2011-2015), CEO of the U.S. Private Bank (2005-2011), Global Head of Fiduciary and Wealth Advisory Services (2002-2005), and President of J.P. Morgan Trust Company of Delaware and the Mid-Atlantic Region (1996-2002). In addition, she held several firm-wide roles including serving as a member of JP Morgan Chase & Co.'s Executive Committee, member of the Management Committee for JPMorgan Chase Bank, co-chair of the Fiduciary Risk Committee, director of the JPMorgan Chase Foundation, and executive sponsor of the firm's women's network.

Named one of the "Most Powerful Women in Banking" and one of the "Most Powerful Women in Finance" by American Banker, Keating is a frequent author and speaker on investment topics. Her professional memberships include the Council on Foreign Relations, the Economic Club of New York, the New York Women's Forum, and the Committee of 200. She earned a J.D. from the University of Virginia School of Law and a B.A. from Villanova University, where she previously served for eleven years on the board, including two years as Chair.

"This is a transformational time for the wealth management industry, and I'm thrilled with the opportunity to lead BNY Mellon's Wealth Management business," said Keating. "Throughout my career, I have been privileged to work with complex and growing businesses, strong and diverse leadership teams, and significant clients. I look forward to joining BNY Mellon and the Wealth Management team, and contributing to this great organization to serve our clients."

Source - BNY Mellon

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