Mitchell Harris, chairman of BNY Mellon Asset Management’s fixed-income, cash and currency group, was named president of investment management at parent BNY Mellon, confirmed spokesman Mike Dunn.
The position is new; he will retain his current responsibilities. Mr. Harris will take on a key role in developing broad client relationships for the investment management division, which spans BNY Mellon Asset Management and BNY Mellon Wealth Management.
Mr. Harris had been named interim co-CEO of BNY Asset Management, along with Jonathan Little, in May 2010 when Ronald O’Hanley resigned as president and CEO to join Fidelity Investments as president of asset management and corporate services. In August 2010, Curtis Arledge, fixed-income chief investment officer of BlackRock, was chosen to replace Mr. O’Hanley as vice chairman of BNY Mellon, while taking the expanded role of CEO of investment management.
In his new role, Mr. Harris will report to Mr. Arledge.
In a news release, Mr. Arledge said Mr. Harris “will have a key role in developing broad client relationships and focusing on the efficiency and effectiveness of our business processes and infrastructure.”