Bank of New York Co. has tapped a former partner at money manager Weiss, Peck & Greer to oversee the bank's personal asset management division.
Burton M. Siegel began work March 4 as a senior vice president. In his new post, he will oversee $10 billion of assets under management for private clients and trust beneficiaries.
Mr. Siegel replaced David W. Kilbride, who started work Tuesday as a vice president at U.S. Trust Co.'s Connecticut subsidiary.
In a telephone interview, Mr. Kilbride said he would report to W. Michael Funck, president of the subsidiary based in Stamford, Conn.
At Bank of New York, Mr. Siegel reports to senior executive vice president Newton P.S. Merrill, who runs the bank's trust and investment management section covering both personal and institutional clients.
Mr. Siegel is also on the investment policy committee. At Weiss Peck, he had been research director and head of the core equity money management group.