BNY Mellon names new CEO of investment management business

CEO Curtis Arledge has left BNY Mellon’s investment management business, and Mitchell Harris is named as successor.

Mitchell Harris has been named CEO of BNY Mellon’s investment management business, following the departure of Curtis Arledge.

Arledge, according to a statement released by BNY Mellon, has decided to pursue other opportunities outside of the company.

Harris joined BNY Mellon in 2004, and has a career in investment banking, which spans 30 years. He was CEO of BNY Mellon’s investment boutique, Standish from 2004 to 2009.

He joined Standish from Pareto Partners, where he served as CEO and chairman between 2000 and 2004.

Harris, who has already been overseeing day-to-day activity in the business, will now report to BNY Mellon CEO Gerald Hassell.

Commenting on Harris’ new appointment, Hassell said: “Mitchell has an impressive track record in the investment management industry, having led several successful firms during his career and most recently in overseeing our industry leading line-up of investment boutiques globally.”

Michelle Neal, president of the markets group, who previously reported to Arledge will now also report to Hassell.

Neal currently heads up the firm’s foreign exchange, securities finance, collateral management and capital markets businesses.

BNY Mellon has $28.9 trillion in assets under custody, as of December 31st 2015 and $1.6 trillion in assets under management.