BNY Mellon Wealth Management is planning to increase its staff in Cleveland, Ohio by 13% through 2015.
In sync with new hiring plan, the firm has shifted its Cleveland office to a larger space that can accommodate more staff, Bank Investment Consultant has reported.
Ron Ambrogio, regional president for the firm in Ohio, told Bank Investment Consultant that his firm plans to appoint a sales director to the new office this year.
The office expansion and expected hires are part of the firm’s campaign to increase its nationwide sales force and add private and mortgage bankers and other professionals in US wealth markets.
"BNY Mellon has achieved marked growth in Ohio over the past three years. Our assets under management are up by 27%, quite an achievement for the size of the Ohio market," Ambrogio added.
At the end of the second quarter, BNY Mellon had appointed 15 of the 50 sales directors it planned to add to the advisor force by the end of 2014.
BNY Mellon currently employs 23 in Ohio, including its smaller Columbus office. Both the Columbus and Cleveland office locations opened in 1999.