BNY has appointed Jose Minaya as global head of BNY Investments & Wealth, who will join the New York-based financial services company on 3 September.
He will report to president and chief executive officer, Robin Vince, and be a member of the firm’s executive committee.
Minaya’s appointment follows Hanneke Smits’s decision to retire, although she will continue in her current role until 3 September, at which time she will transition to chair of BNY Investments through the end of 2024 to support a seamless transition, according to a statement by the company.
“I’d like to thank Hanneke for her leadership and am very pleased to welcome Jose, an investment veteran with decades of diversified experience leading a major asset manager,” said Vince.
BNY is the corporate brand of The Bank of New York Mellon Corporation and employs over 50,000 people globally. As of 31 March 2024, it oversees $48.8trnin assets under custody and/or administration and $2trn in assets under management.
“As we unite our top 15 global asset manager and our top 10 US private bank, I believe Jose’s leadership will enable us to be more for our clients around the world,” said Vince.
Minaya (pictured) joins BNY from Nuveen, a global asset management firm with more than $1trn under management, where he was president and chief investment officer, responsible for overseeing all global operating and investment activities across equities, fixed income, real estate, private markets, natural resources, alternatives and responsible investments.
Minaya moved to TIAA in 2004 as a fixed income portfolio manager after more than 10 years of investment experience at firms including AIG, Merrill Lynch and J.P. Morgan.
He is also a member of the Board of Trustees of Manhattan College and the Board of Advisors of the Amos Tuck School of Business at Dartmouth, and serves on the boards of several other companies and charitable organisations, including Moody’s, the National Forest Foundation, the Investment Company Institute and the Investment Committee of the Board of Regents of the Smithsonian Institution.
“I am delighted to join BNY, a historic institution with a legacy of helping clients achieve their ambitions and advancing the future of finance, and to lead a globally renowned asset management and wealth franchise with deep relationships around the world,” said Minaya.
