BNY Mellon Wealth Management has hired Carolyn Simon as wealth director for business development in the New Jersey region, reporting to managing director Katia Friend.

BNY Mellon Wealth Management has hired Carolyn Simon as wealth director for business development in the New Jersey region, reporting to managing director Katia Friend.

Simon’s hire is part of the strategic expansion of BNY Mellon Wealth Management’s staff in key regions including the greater New York wealth market, which is the largest in the US. New Jersey, which the research firm Spectrum ranks as the fifth largest state in millionaire households, represents a large growth opportunity for the firm, it said.

Simon joins BNY Mellon from PNC Wealth Management, where she was vice president and senior relationship manager. Prior to that, she was a financial advisor and portfolio manager at Morgan Stanley Smith Barney. Earlier, she held portfolio management roles with institutional and high net worth clients at US Trust, Citibank Global Asset Management and Fiduciary Trust Company International. 

The move comes hot on the heels of yesterday's announcement that BNY Mellon Wealth Management had hired Gregory Lentini as a senior wealth director for business development in Garden City, NY, also reporting to Friend (see more here).