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BNY Mellon chooses former JP Morgan big hitter to head its wealth arm
08/06/2018 , John Evans, International Editor

Catherine M. Keating has been appointed chief executive officer of BNY Mellon Wealth Management.

She previously served as president and CEO of Commonfund, a non-profit, global institutional asset manager serving endowments, foundations and public sector investors.

Previously, Ms Keating spent nearly two decades at JPMorgan Chase, including roles as head of investment management Americas (2011-2015), CEO of the US 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).

BNY Mellon, in its announcement noted that Ms Keating has been named one of the "Most Powerful Women in Banking" and one of the "Most Powerful Women in Finance" by American Banker.

In her new role, Ms Keating will be responsible for setting the strategic direction of BNY Mellon's Wealth Management business, the bank said.  This includes 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 (Keating) is a seasoned CEO with a strong track record in leading wealth management and asset management organisations," said Mitchell Harris, CEO of BNY Mellon Investment Management.

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