Bank of New York Mellon Corp. said it had hired the chief investment officer of U.S. Trust, Bank of America Private Wealth Management to fill the same role in its wealth management arm.
Leo P. Grohowski is to join Bank of New York Mellon on Sept. 17, the company said Thursday.
Bank of America Corp. announced separately Thursday that U.S. Trust had named Christopher Hyzy the chief investment officer and Durraj Tase the head of capital markets and brokerage advisory to succeed Mr. Grohowski, who handled both roles as the investment chief.
Both executives joined U.S. Trust in 2005 from Citigroup Private Bank's Latin American markets business, where Mr. Hyzy was chief investment officer and head of product strategy and Mr. Tase was head of capital markets.
