BNY Mellon has appointed Mitchell Harris to the newly-created position of president of the investment management division.

Harris is the interim head of the asset management business and will continue to lead the fixed income, cash and currency group in addition to his new role. He has also been added to the firm's executive committee. Prior to BNY Mellon, he held chief executive positions at Standish Mellon Asset Management and Pareto, where he remains the chairman. He has also worked at Citibank for 14 years, where he managed the private banking business in Europe.

As president, Harris will be partnering with Larry Hughes, the chief executive of BNY Mellon Wealth Management, to further the delivery of asset and wealth management to clients. He reports directly to Curtis Arledge, the vice chairman of BNY Mellon and CEO of investment management.

As of 31 March 2011, BNY Mellon records $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management.