BNY Mellon Wealth Management has named Catherine Keating as its new CEO, replacing Donald Heberle who left the firm in March this year.
Based in New York, Keating will be responsible for setting the strategic direction of the wealth management unit by supporting the expansion of its capabilities to clients in new wealth markets, investing in digital capabilities, and developing talent.
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Keating will also join BNY Mellon’s executive committee. She will assume the new responsibility on 9 July 2018 and will report to BNY Mellon Investment Management CEO Mitchell Harris.
Keating most recently served as the president and CEO at institutional asset manager Commonfund. Prior to Commonfund, she served at JPMorgan Chase.
She worked at JPMorgan for around two decades holding various roles including head of investment management for the Americas, CEO of the US private bank, global head of fiduciary and wealth advisory services.
“Catherine is a seasoned CEO with a strong track record in leading wealth management and asset management organisations. Throughout her career, she has demonstrated the leadership skills that we’re confident will make themselves immediately and deeply felt by our staff and clients,” Harris noted.
Meanwhile, Commonfund has replaced Keating with Mark Anson. Anson will take up the new role while retaining his existing role of CIO.
Anson will be supported by Deborah Spalding and Kristofer Kwait, who have been appointed as deputy CIOs at Commonfund.
