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July 19, 2022

BNY Mellon Wealth Management appoints new deposits head

BNY Mellon Wealth Management has appointed Brian Dlug as the new head of deposits to oversee its strategic approach for the development of banking products and product lines.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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Dlug replaces Lynne Sawyer who has been appointed to the role of COO. Based in New York, he will report to BNY Mellon Wealth Management head of banking and lending Rick Calero.

Commenting on the appointment, Calero said: “Brian is a demonstrated leader in banking and brings more than 25 years of experience to the firm.

“With his expertise in product and cash management, lending support and business development, he is well suited to help grow our banking business and support our Active Wealth framework.”

Before joining BNY Mellon Wealth Management, Dlug woked at Morgan Stanley for 12 years.

He most recently served as the bank’s executive director and head of Cash Management & Bank Accounts. In this role, Dlug focused on growing deposits through client engagement with Cash Management & Bank offerings.

Prior to that, he held several key positions at American Express, where he was focused on banking, marketing, business analysis and other global finance areas of expertise.

In May, BNY Mellon Wealth Management appointed Erica Lord as its new chief fiduciary officer to Joe Samulski, who is retiring from the firm.

Last week, BNY Mellon hired Goldman Sachs-veteran Dermot McDonogh as the new chief financial officer (CFO) of the company.

The bank reported a 16% slide in its revenues in the second quarter of 2022.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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