BNY Mellon Wealth Management is ramping up its resources in Philadelphia and Washington, D.C. The wealth manager hired a sales director and a senior mortgage banker in Washington and added seven wealth professionals to the Philadelphia team.
The hires are part of the firms two-year recruiting campaign to increase its sales force and add private and mortgage bankers and other professionals in top U.S. wealth markets.
In Washington, BNY Mellon hired Camille Menasco Alexander as a senior director of business development and Drew Berreth as a senior mortgage banking officer. Alexander was previously an institutional consulting director with Graystone Consulting, and Berreth was a private mortgage banker with Wells Fargo.
In Philadelphia, BNY Mellon hired three sales directors, three portfolio managers and one private banker. The three sales directors -- Michael Barron, Marisa Facciolo and Kevin Leigh joined as senior directors of business development and will be responsible for generating business in the Mid-Atlantic region. Barron was previously a director and portfolio manager with ICC Capital Management, Facciolo was a wealth strategist at Northern Trust, and Leigh was an investment banker with Griffin Financial Group.
The new members of the Philadelphia portfolio management team are Francis Schickling Jr., Karin Kinney and James Lu. Schickling joined as senior director of portfolio management and team leader, while Kinney and Lu joined as senior portfolio managers. Schickling was formerly a senior relationship manager with Brown Brothers Harriman, Kinney was senior vice president of wealth and philanthropic advisory services at The Bryn Mawr Trust Company, and Lu was a senior portfolio manager at Abbot Downing, Wells Fargos multi-family office.
The remaining hire in PhiladelphiaJonathan Sprogelljoined as a private banker. He was previously with Citizens Bank where he was a relationship manager.
The firm has hired 15 new sales directors through the end of the second quarter, according to BNY Mellon. The goal is to hire 35 more by the end of 2014.