BNY Mellon Wealth Management has appointed financial services veteran Ron Bruder managing director of a growing team of advisors to ultra high-net-worth families and family offices. Bruder is based in Los Angeles and reports to longtime company executive Ridgway Powell who was tapped last month to lead the team.

Bruder was formerly director and vice president at Goldman Sachs where he managed main floor operations of designated primary market makers on the Chicago Board Options Exchange. Prior to that, Bruder “held progressively responsible executive investing and trading roles, from partner to CEO,” the firm said in a statement. He has more than 25 years of financial services experience.

The appointment is the latest in a string of staff announcements and actions to bolster the firm’s wealth management unit. Last month BNY Mellon announced the opening of a new office in Washington, D.C, its first in the nation’s capital, as part of a push to be in the nation’s top 10 wealth markets. 

Commenting on the company’s recent wealth management efforts, Powell said in a statement: “Comprehensive wealth management services and deep expertise across a range of investment vehicles are critical as clients navigate an increasingly complex investment environment.”

Margarida Correia writes for Bank Investment Consultant.