BNY Mellon Wealth Management has named Rajesh Nakadi as its new head of investments, global family office.
Nakadi will manage family office client relationships and oversee all investment strategies while leading the Global Family Office investment team.
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He will work under Family Office global head Vincent Hayes in New York.
Nakadi served as vice president of Global Family Office at UBS Private Wealth Management for seven years before joining BNY Mellon.
During this time, he was a relationship manager for strategic family offices and delivered customised investment solutions for institutional and wealth management platforms.
Prior to that, he held various key positions at Bank of America/Merrill Lynch, US Trust Company, Quinlan Private as well as Merrill Lynch Private Banking and Investments Group.
Commenting on the appointment, Hayes said: “Rajesh has more than two decades of experience working with ultra-high-net-worth and family office clients at some of the most respected wealth management organizations in the world.
“His investment expertise and leadership skills are well suited to support the unique and varied investment needs of our Family Office clients.”
Nakadi commented: “In recent years, I have observed Family Offices move away from brokerage platforms that have inherent conflicts towards independent boutiques and private banks that provide a higher level of fiduciary care.
“With its rich legacy in Family Office combined with the new focus on digital innovations and the best client service model, BNY Mellon Wealth Management offers a compelling choice for family offices to manage multigenerational wealth and invest in the future success of their family enterprise.”
In June this year, BNY Mellon Wealth Management named Crystal Thompkins as the new head of philanthropic solutions.
It followed the appointment of Camille Alexander in May as head of sales for investor solutions.
