Steven Pisarkiewicz was named executive vice president and head of BNY Asset Management, overseeing Bank of New Yorks $76 billion investment unit. He replaces Newton P.S. Merrill, who will retire May 31. Mr. Pisarkiewicz was CIO of structured equities, a member of the investment policy group for value equities and a senior portfolio manager at Alliance Capital Management. Drew W. Demakis, a senior portfolio manager within the structured equities group, was named to replace Mr. Pisarkiewicz as CIO, but no one will pick up his other duties, said John Meyers, Alliance spokesman.
Separately, James D. Vincent was named president of BNY Asset Solutions, according to a company statement. Cary J. Giacalone, a Bank of New York spokesman, said the position has been vacant for some time and had last been held by Todd Moore, who left the firm. Mr. Vincent was senior vice president and managing director at GE Capitals real estate group, where he managed all commercial real estate securitization transactions. Tim Benedict, a GE spokesman, did not provide information about Mr. Vincents replacement by press time.