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BNY Mellon WM CEO Departs

Robbie Lawther

28 February 2018

BNY Mellon Wealth Management has announced that its chief executive, Don Heberle, will leave the firm at the end of March.

Mitchell Harris, CEO of investment management, takes on direct oversight of the wealth management business during the transition phase, Family Wealth Report understands.

The firm also said “a new CEO will be appointed in due course".

Before his appointment as CEO in July 2015, Heberle served as executive director of BNY Mellon Wealth Management responsible for wealth strategy and international wealth management. He joined in 1997 from Gemini Consulting.

In February, this publication reported that BNY Mellon WM had hired Eric Czepyha as head of private business advisory in Columbus, Ohio. Also in the same month, FWR reported that BNY Mellon group had reported fourth quarter net income applicable to common shareholders of $1.13 billion.