BNY Mellon's Wealth Unit Names Next CIO

Grohowski has been CIO of BNY Mellon Wealth Management for 16 years and has over four decades of asset and wealth management industry experience, the company said.

“He played a pivotal role in shaping investment strategy and execution, and successfully guided clients through multiple business cycles,” according to the firm.

As part of the transition, Chris Vella, CIO for Investor Solutions, will lead the Investor Solutions business. Before joining BNY Mellon, Vella spent 20 years at Northern Trust Asset Management, including as CIO of Multi-Manager Solutions, overseeing investment strategy, manager selection and portfolio construction.

BNY Mellon Wealth Management had $286 billion in total client assets as of June 30, it said. Parent company BNY Mellon, meanwhile, had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, the firm said.

Pictured: Sinead Colton Grant