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BNY Mellon Wealth Management Names New CIO

Amanda Cheesley Deputy Editor August 16, 2023

BNY Mellon Wealth Management Names New CIO

The new senior hire, who has more than 25 years of investment experience, has been with the firm since 2012.

BNY Mellon Wealth Management has appointed Sinead Colton-Grant as chief investment officer, starting in January 2024. She will be replacing Leo Grohowski, who is retiring at the end of the year. 

Colton-Grant (pictured) is based in New York and will report to Catherine Keating, global head of BNY Mellon Wealth Management, the firm said in a statement.

With more than 25 years of investment experience, Colton-Grant, who is currently head of investor solutions at BNY Mellon, was previously deputy CIO and head of equities for BNY Mellon Wealth Management, the firm said. She joined BNY Mellon in 2012 through Mellon Capital where she served in a variety of senior investment roles. Prior to that, Colton-Grant served in senior roles at BlackRock and JP Morgan Asset Management.

Grohowski has been CIO of BNY Mellon Wealth Management for 16 years and has over four decades of asset and wealth management industry experience. He played a key role in shaping investment strategy and execution, and guided clients through many business cycles, the firm continued.

"We appreciate Leo's many contributions to our business, and celebrate the deep talent bench he has built," said Keating. "As a proven investment leader, Sinead is well-positioned to assume this role and we look forward to building on the investment team's success," she added.

As part of the transition, Chris Vella, CIO for investor solutions, will lead the investor solutions business, the firm continued. Prior to joining BNY Mellon, Vella spent 20 years at Northern Trust Asset Management, including as CIO of multi-manager solutions overseeing investment strategy, manager selection and portfolio construction.

BNY Mellon Wealth Management has $286 billion in total client assets, and an extensive network of offices in the US and internationally. Headquartered in New York, BNY Mellon is America's oldest bank, with $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management.

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