By Susan Rivers
BNY Mellon Hires Daniel Scavone as Regional Managing Director for Wealth Management in New Jersey
Industry leader with extensive Mid-Atlantic market experience to run regional office
NEW YORK, January 15, 2014—BNY Mellon, the global leader in investment management and investment services, has hired Daniel Scavone as regional managing director for BNY Mellon Wealth Management with responsibility for leading the firm’s wealth management business in New Jersey. He reports to Doris Meister, president for U.S. Markets in New York Tri-State.
“New Jersey represents a major portion of the greater New York wealth market, which is the largest in the U.S.,” Meister said. “Dan will lead BNY Mellon Wealth Management’s strategic expansion throughout the state by opening additional locations and at least doubling our advisor group.”
Adding staff is one of Scavone’s top priorities. “We have openings for a number of portfolio managers and development professionals in New Jersey,” he said. “Those positions are part of BNY Mellon Wealth Management’s goal to grow its sales staff by 50 percent while also adding private bankers and portfolio managers.”
Scavone joined BNY Mellon last month as the company pursues a major strategic growth plan, announced earlier this year. Previously, he was with JP Morgan Private Bank for eight years, most recently as a managing director in the New York Tri-State region. In prior positions there, he was market director for the Mid-Atlantic and New York Metro regions. He also served for ten years with Merrill Lynch where he was most recently director of the firm’s Princeton, N.J., corporate campus office. He has a bachelor’s degree in Economics and English, and a master’s in business administration from Rutgers as well as a Juris Doctorate from St. Louis University. He resides in Belle Mead, N.J.
BNY Mellon Wealth Management is a leading wealth manager 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, planned giving programs, and endowments and foundations. With nearly $180 billion in private client assets, as of September 30, 2013, it has 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 September 30, 2013, BNY Mellon had $27.4 trillion in assets under custody and/or administration, and $1.5 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.
