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BNY Mellon Wealth Names New CEO

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Catherine M. Keating — a longtime executive at JPMorgan Chase who most recently led the nonprofit institutional asset manager Commonfund — has been named CEO of BNY Mellon Wealth Management and a member of BNY Mellon’s executive committee.

Starting July 9, she will fill the shoes of Donald Heberle, who vacated the post in late March, and will report to BNY Mellon Investment Management CEO Mitchell Harris. “Catherine is a seasoned CEO with a strong track record in leading wealth management and asset management organizations,” according to Harris.

Keating was the president and CEO of Commonfund for the past two years. She spent almost 20 years at JPMorgan, where she led Investment Management Americas (2011-2015), U.S. Private Bank (2005-2011), Fiduciary and Wealth Advisory Services-Global (2002-2005) and J.P. Morgan Trust Company of Delaware and the Mid-Atlantic Region (1996-2002).

In addition, she was a member of JPMorgan’s executive committee and the management committee for JPMorgan Chase Bank, co-chair of the Fiduciary Risk Committee, director of the JPMorgan Chase Foundation, and executive sponsor of the firm’s women’s network.

“This is a transformational time for the wealth management industry, and I’m thrilled with the opportunity to lead BNY Mellon’s Wealth Management business,” said Keating, in a statement.

BNY Mellon has some $33.5 trillion in assets under custody and/or administration, and $1.9 trillion in assets under management. Its wealth-management business works with high-net-worth and ultra-high-net-worth investors, while its Pershing operations —  now hosting the annual Insite conference in Orlando — serve advisors. (Pershing is led by CEO Lisa Dolly.)

“Throughout her career, she has demonstrated the leadership skills that we’re confident will make themselves immediately and deeply felt by our staff and clients,” Harris added. “I look forward to partnering with her to advance the growth of our Wealth Management offering and capabilities for clients.”

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