BNY Mellon hires Citi wealth banker to head alternatives
The Bank of New York Mellon has hired Ted Berenblum as head of alternative investments at its wealth management arm.
Berenblum joins from Citigroup, where he served as a managing director and head of ultra high net worth investments for its Global Wealth Management division.
Based in New York, he will report to Leo Grohowski, chief investment officer of BNY Mellon Wealth Management.
Berenblum, who will assume his new position on September 2, will head the bank's efforts to promote alternative investments to private clients.
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