BNY Mellon IM CEO to retire

BNY-Mellon-Investment-Management/BNY-Mellon/Newton-Investment-Management/

8 July 2020
| By Chris Dastoor |
image
image
expand image

BNY Mellon Investment Management has appointed Hanneke Smits as chief executive, as Mitchell Harris announces his retirement, effective from 1 October, 2020.

BNY Mellon Investment Management included the wealth and investment management business, and Catherine Keating would continue her role as chief executive of BNY Mellon Wealth Management.

Smits had been chief executive of Newton Investment Management, a subsidiary of BNY Corporation since August 2016 and her career in financial services spanned three decades.

Smits and Keating would lead their respective part of the business with both reporting to Todd Gibbons, chief executive of BNY Mellon, and Smits would join the executive committee.

"Mitchell has been instrumental in driving our Investment Management business over the last four years as CEO and we wish him all the best in retirement,” Gibbons said.

“During a period of tremendous change in the investment landscape, he helped reposition our multi-boutique model and launch new investment capabilities, leaving us well positioned to meet the evolving investment needs of our clients.”

"[Smits] has spearheaded Newton's business momentum and client-centric culture, and we look forward to her leadership within Investment Management.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 2 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND