BNY Mellon Investment Management restructured its business to streamline operations and increase efficiency, spokeswoman Melissa Cassar said.
The money manager revamped its structure to focus on five core business groups: distribution; product strategy and performance management; infrastructure; wealth management; and investment management governance.
The distribution group will now be organized under two regions: North America, led by Mark Santero in the new position as CEO of subsidiary Dreyfus; and international, led by Matt Oomen.
The product strategy and performance management group will be led by Jamie Lewin, head of product strategy and performance management.
Wealth management will continue to be led by CEO Don Heberle, while Greg Brisk will become head of investment management governance.
The infrastructure group will be led by a new chief operating officer, who will be named at a future date.
The heads of all five groups will report directly to Mitchell Harris, CEO of BNY Mellon Investment Management.
Mr. Santero was chief operating officer of infrastructure. Mr. Oomen's role as head of international distribution remains the same. Mr. Lewin was head of manager research and Mr. Brisk was head of investment management risk and compliance.
As a result of this reorganization, Kim Mustin, head of Americas distribution, and John Herlihy, head of institutional, will leave the company to seek other opportunities, Ms. Cassar said. Their positions have been eliminated.
Mr. Harris was named CEO in February, replacing Curtis Arledge, who left the company to pursue other opportunities.
Parent company Bank of New York Mellon reported $1.639 trillion in combined assets under management for its BNY Mellon Investment Management and wealth management businesses as of March 31.