BNY Mellon Wealth Management Names Alts. Head

Jun 27 2008 | 12:03pm ET

BNY Mellon Wealth Management has named Ted Berenblum to serve as head of alternative investments. Berenblum joins the firm from Citigroup, where he was a managing director and head of ultra-high net worth investments for its Global Wealth Management division.

In his new role at BNY Mellon, which he’ll assume in September, Berenblum will be based in New York and report to Leo Grohowski, chief investment officer of the firm’s wealth management arm.

Berenblum will lead the expansion of the firm’s alternative investments to private clients, overseeing private equity and real estate offerings, commodities including timber and natural resources, infrastructure, currency and portable alpha strategies.

"Ted has spent his more than 25-year career largely focused on the investment needs of private investors,” said Grohowski. “His expertise and technical competence in offering both traditional and alternative products to the largest and most sophisticated clients will be important strengths for us as we continue to grow our business and enhance and extend our investment capabilities."

Bank of New York Mellon's advisory firms, banks and trust companies currently manage approximately $69 billion in alternative investments.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...