BNY Mellon Wealth Management Adds Trio In Chicago; Plans More Hires

Eliane Chavagnon

26 July 2012

New York's BNY Mellon has further reinforced its wealth management business, adding a trio of wealth professionals to its Chicago, IL, office, the firm said today.

Julie Pully, Catherine Schulze and Lee Woolley bring BNY Mellon’s total number of staff in Chicago to 19, up from 12 a year ago when the wealth manager acquired the asset management business of Chicago-based Talon Asset Management.

“We intend to sustain that robust growth by adding two more positions in the coming months,” said regional president Michael DiMedio.

In her new role, Pully, who for the past eight years managed $700 million in assets as a senior portfolio manager at Northern Trust, works with clients on their wealth and investment planning strategies.

Meanwhile Schulze, a private banking specialist, serves high net worth clients, a role which also involves helping the firm expand its banking business throughout greater Chicago. Schulze is latterly of BMO Harris Bank in Barrington, IL, where she served for 18 years, most recently as vice president and senior private banker within the private client group.

Woolley also joins from Northern Trust, having worked there for the last 20 years, most recently as a managing director, leading the national advisory services group. At BNY Mellon, he works alongside DiMedio on sales and marketing efforts throughout the region.

Yesterday it emerged that the firm had appointed Preston Came as senior director within its Naples, FL, wealth management office - a role in which he will work closely with portfolio managers and wealth strategists to serve high net worth clients in the region.

In other moves, earlier this month, BNY Mellon appointed Christopher Ross as a senior portfolio manager within its Washington DC wealth management office. Thomas Fay was then hired to head its regional wealth management office in Providence, RI, and join a senior management team focused on expanding business throughout New England.

BNY Mellon Wealth Management has some $171 billion in private client assets.