Investment manager The Bank of New York Mellon Corporation (BK) Wednesday announced a two-year recruiting campaign to increase BNY Mellon Wealth Management's sales force by 50 percent. In addition, the firm said it intends to add private bankers and mortgage bankers, portfolio managers and wealth strategists as well as additional sales support staff.
The campaign represents an important new phase in BNY Mellon Wealth Management's multi-year growth strategy to continue to build presence and capabilities in the US and globally, said the company in a statement. With this initiative it plans to strengthen the sales teams in its current locations and establish offices in other key wealth markets.
Commenting on the development, Larry Hughes, CEO of BNY Mellon Wealth Management said, "Building on our expansion efforts of recent years, we intend to establish a powerful presence in the top-tier US wealth markets and continue to make headway in key global markets as well..."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.