BNY Mellon Wealth Management Appoints Leo Grohowski as Chief Investment Officer

BOSTON, Sept. 6 /PRNewswire-FirstCall/ -- The Bank of New York Mellon Corporation announced that Leo P. Grohowski is joining the organization as chief investment officer for BNY Mellon Wealth Management. In this role, Grohowski will lead all investment strategy and investment management functions for the wealth management organization. He will be based in New York City and report to David Lamere, vice chairman for the corporation and chief executive officer of BNY Mellon Wealth Management. He will be joining the company effective September 17.

Grohowski joins BNY Mellon Wealth Management from US Trust, Bank of America, where he was chief investment officer.

"We are thrilled to welcome Leo to our organization," said Lamere. "As one of the investment industry's leaders, he will add significant depth to the management of our clients' wealth. His career has been dedicated to applying asset management expertise to private client needs. We look forward to his leadership, ideas and active involvement as we continue to expand our investment strengths, our wealth management business, and our personal client relationships."

"I have been impressed by the caliber of BNY Mellon Wealth Management's investment teams, as well as the company's investment capabilities, thinking and commitment," said Grohowski. "The recent combination of Mellon and The Bank of New York has created an industry leader in wealth management with a deep history of serving financially successful individuals that few companies can match. I look forward to working with my new colleagues, on behalf of our clients, to continue to provide excellence in the field of investment management."

Grohowski has more than 25 years of investment management experience and is a recognized expert in the field of investment strategy, particularly for the wealth management industry. Previous to his role at US Trust, Bank of America, Grohowski held chief investment officer positions at US Trust and Deutsche Asset Management Americas/Scudder Investments, among other executive leadership positions in asset management. He earned his bachelor's degree in economics from Drew University, where he has served on the Board of Trustees for 10 years and currently chairs the Investment Committee. He also earned an MBA from New York University's Stern School of Business.

BNY Mellon Wealth Management is among the nation's leading wealth managers, with more than two centuries of experience in providing investment management, wealth and estate planning, and private banking and finance services to financially successful individuals and families, their family offices and business enterprises, charitable gift programs, and endowments and foundations. It ranks as one of the top 10 US wealth managers with approximately $162 billion in private client assets and an expansive network of 83 offices globally.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and move their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration and more than $1 trillion in assets under management. Additional information is available at http://www.bnymellon.com/.