Bank of New York has put chief trust officer John M. Dowd in charge of its private bank.
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He succeeded Lee Wortham, who got the job in 1999, when he joined the bank. Mr. Wortham left to pursue new opportunities, said a bank spokesman, Kevin Heine.
Mr. Dowd, 41, a managing director, has worked for the bank for 17 years. In his new role, announced Thursday, he is responsible for providing wealth management services to high-net-worth clients, for whom the unit manages and administers more than $60 billion of assets.
Mr. Wortham, 47, came to the bank from Chase Manhattan Corp., now JPMorgan Chase & Co.
