Carolyn Weinberg was named as chief solutions innovation officer at Bank of New York Mellon, joining the global financial services company from BlackRock where she led product innovation for the $11.6 trillion asset manager.
The position is new, a spokesperson confirmed. Weinberg will start Feb. 3. She will also join the BNY executive committee and report to CEO Robin Vince.
Focusing on client-centric solutions, she will find new ways to leverage platforms and data, Weinberg said in a news release. She will work with teams across the firm “to help imagine and commercialize new products and solutions that meet client needs.” The spokesperson confirmed that Weinberg will also have a team.
Vince said in the same news release: “Fostering BNY’s culture of innovation and curiosity is essential, and Carolyn’s breadth of experience in product innovation, development and commercialization will enhance our ability to quickly grasp and cater to the biggest trends in capital markets.”
BNY had more than $52.1 trillion in assets under custody and/or administration as of Dec. 31, and $2 trillion in assets under management.
Weinberg was a managing director, chief product innovation officer and co-head of global product group at BlackRock. She led product innovation, development and commercialization of products globally, according to the manager’s website, supporting growth priorities in areas including private markets, digital assets and fixed income. A spokesperson said her duties were absorbed by others at BlackRock.
