BNY Mellon names CEO of wealth management
"We thank Larry Hughes for his 24 years of service to BNY Mellon. He and his talented leadership team have helped build BNY Mellon Wealth Management into one of the strongest firms in the business. We are pleased to announce that Don Heberle, one of wealth management's most senior executives, will now take over as CEO," said Curtis Arledge, vice chairman of BNY Mellon and CEO of Investment Management.
Based in New York, Heberle will continue to direct the long-term growth and expansion strategy that the wealth management leadership team has been driving for the past two years.
Since he joined BNY Mellon in 1997, Heberle has served in several key leadership roles. As executive director of client advice and international wealth management, Heberle oversees the firm's international wealth management business, its family wealth advisory and wealth and estate strategist groups as well as client service delivery strategy.
"I look forward to working with my colleagues across both wealth management and the rest of Investment Management on strategic initiatives to expand the business, while delivering innovative solutions to serve existing clients and attract new ones," said Heberle.
"It has been a privilege working with everyone at BNY Mellon over the past two and a half decades, and under Don Heberle's capable leadership, I am confident that wealth management will continue moving forward with great momentum," Hughes said.
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