BNY Mellon Wealth Management has appointed William Johnston to a newly-created position: head of private banking solutions. Johnston joins from Capital One Bank, where he was market executive for middle market.

BNY Mellon Wealth Management has appointed
William Johnston to a newly-created position: head of private banking
solutions. Johnston will be based in New York and joins from Capital One Bank, where he was market executive for
middle market.

Reporting to executive director of private
banking Bill Sappington, Johnston will lead all of the firm’s private bankers
and escrow bankers, while coordinating the activities of the mortgage banking
officers in the field. He will also work with regional presidents and channel
partners to develop private banking growth strategies.

“He will be the key point person with our
regional presidents and channel partners to develop and implement private
banking growth strategies,” Sappington said.

BNY Mellon has also hired Bob Larue to
introduce an array of private banking, credit and lending services to
registered investment advisors through BNY Mellon’s Pershing Advisor Solutions.

Over the past three years, BNY Mellon’s private
banking group has hired 20 client-facing professionals and expanded its footprint
in several important wealth markets such as Florida, Seattle, San Francisco and
Chicago. The firm is currently in the throes of a previously-announced recruitment drive which will see its sales force swell by 50 per cent by year-end 2014. Yesterday, for example, three senior directors for business development were named in Connecticut, Los Angeles and New York (view here).