BNY Merges Wealth Units Under Single Leader to Drive Growth
Event summary
- BNY consolidates wealth solutions under Adam Vos, who becomes Global Head of Wealth Solutions.
- Jim Crowley transitions to Executive Vice Chair to focus on client relationships.
- Laide Majiyagbe takes over as Global Head of Markets, joining BNY's Executive Committee.
- BNY oversees $59.3 trillion in assets under custody/administration and $2.2 trillion in assets under management as of December 31, 2025.
The big picture
BNY's leadership realignment underscores its strategic focus on wealth solutions and managed accounts, aiming to better serve advisors and institutions. The move comes as the wealth management landscape evolves, with increasing demand for scalable, end-to-end offerings. BNY's vast custody and AUM scale positions it to compete aggressively in this space, but integration risks remain.
What we're watching
- Integration Execution
- How BNY will merge BNY Pershing and BNY Archer Managed Account Solutions under a single leader to enhance coordination and client service.
- Client Relationships
- Whether Jim Crowley's shift to Executive Vice Chair will strengthen and expand client relationships across BNY's platforms.
- Market Positioning
- The pace at which BNY can leverage its scale and breadth to deliver more integrated capabilities across the wealth landscape.
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