BNY Mellon Wealth Management, an investment manager with $216bn in private client assets, has set up a new office in Houston, Texas.
The new office will currently house a total of 10 employees who will serve local clients.
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BNY Mellon called Houston “one of the top wealth markets” in the US and “one of the fastest-growing”.
The office will be led by regional managing director Thomas Cademartori and Texas regional president Todd Carlton.
Cademartori, who has an experience of about two decades in wealth management industry, was earlier the vice president of the Dallas office at BNY Mellon Wealth Management.
“With the establishment of our Houston office, BNY Mellon Wealth Management is able to deliver our unparalleled services and the expertise of our global network through dedicated, on-the-ground advisors. We are thrilled to serve the Houston market and look forward to expanding our presence to continue to meet and exceed our clients’ needs,” Carlton stated.
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