BNY Mellon Wealth Management has nabbed a senior vice president from Northern Trust to lead business development efforts in the firm’s Southeast region. Helen Nugent, who joined BNY Mellon last month, oversees a team of five sales directors across a six-state region and will be responsible for driving regional professional recruitment efforts in her role as managing director of sales, BNY Mellon announced on Monday.

Nugent, an 18-year veteran of Northern Trust, is based in Atlanta, the firm said.

At Northern Trust, Nugent held a number of leadership roles, most recently spearheading a pilot program serving not-for-profits, endowments and foundations in an initiative that became a model for the company’s other U.S. regions. She also led sales and marketing teams in developing and implementing business strategy, according to BNY Mellon.

“BNY Mellon Wealth Management has experienced extraordinary growth in our Southeast region and we look forward to Helen’s energy and professionalism to achieve even greater success in the future,” Chris Hohlstein, regional president for BNY Mellon Wealth Management, said in a statement.

The new hire is part of the firm’s campaign to increase its nationwide sales force and add private and mortgage bankers and other professionals in top U.S. wealth markets. At the end of the second quarter, BNY Mellon has hired 15 of the 50 sales directors it planned to add to the advisor force by the end of 2014.

Read More: BNY Mellon Increasing Wealth Unit Sales Team 50% in Revenue Push

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access