Bank of New York Mellon Corp.'s wealth management division has hired two executives in Florida as it expands sales and portfolio management in the Southeast.
The company announced Wednesday that it had hired Louis-Albert Jolivert as a sales director in Miami and Sean Maguire as a senior portfolio manager in Tampa. Jolivert reports to Craig Sutherland, the president of BNY Mellon Wealth Management's Southeast operations, and Maguire reports to Ray Ifert, a regional director in the Southeast.
In the past four years, BNY Mellon Wealth Management has expanded its work force in the Southeast by 32%, and the company plans to add more staff next year, Sutherland said. During the past decade, it has increased its portfolio of client assets under management more than tenfold in the region, he said.
Hiring Maguire for Tampa is part of the company's effort to develop its presence on the state's west coast, said Paul Dresselhause, a BNY Mellon managing director for western Florida. In the past three years, BNY Mellon has opened two offices in the area and now has about 15 employees in Tampa and Naples.
Jolivert worked for JPMorgan Chase & Co.'s private bank, where he spent two years working with ultra-high-net-worth customers and families. Before that, he was a managing director at Bear Stearns in New York, where he sold fixed-income derivatives to institutional clients.
Maguire was a senior vice president and director of wealth management at Lydian Bank and Trust in Palm Beach, Fla. Before that, he was a vice president and personal trust portfolio manager for Chicago's Northern Trust Corp.
This is the fourth announcement this month of executive changes at BNY Mellon Wealth Management and the third in the Southeast.