BNY Mellon Wealth Management’s recruiting campaign is in full swing. The wealth manager recently hired two senior directors of business development, the latest in a flurry of hires to boost its sales force by 50% by the end of 2014.

In New York, it nabbed a financial advisor from Raymond James to drum up business among ultra-high-net-worth clients in the New York Tri-State region. Eric Matheson will be responsible for business development and identifying opportunities for expanding the firm’s client base. Before joining BNY Mellon, he was a financial advisor and partner on a team managing more than $1 billion in assets at Raymond James.

In Florida, where the firm is doubling its efforts to expand, it hired Robert Pick, a former director at  boutique investment bank Cato Capital, to develop business in Palm Beach Gardens. Prior to joining BNY Mellon, he was the founder and managing director of the Alternative Capital Group in Panama City, Panama.

Pick’s appointment follows the promotion earlier this month of two BNY Mellon executives to newly created regional posts based in Naples and Miami.

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