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BNY Mellon appoints head of private bank and RIA distribution


BNY Mellon Investment Management has named Joseph Moran head of private bank and registered investment advisor (RIA) distribution, a newly created position.

Moran, who reports to Kim Mustin, BNY Mellon Investment Management's head of North American distribution, will have responsibility for distributing Dreyfus mutual funds and other BNY Mellon financial services in North America.
"While this is not a new channel for us, it is an important market given its growth trajectory and our product and servicing offerings," says Mustin. "Our association with Pershing, combined with our list of illiquid and liquid alternatives, enables us to be a unique partner to this segment of the market. This move shows our intention to be more visible and engage more fully with this segment. It also will focus our future product development and service offerings for this audience."
Moran joins BNY Mellon from Oppenheimer where he headed wealth management distribution since 2010. Moran spent most of his career at DWS Investments/Deutsche Asset Management, where he held a series of progressive sales management leadership positions, including their retirement plan services area, and ultimately led their financial institutions group.
Moran began his career as a financial advisor with Metropolitan Life. 

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