New York Bank Opens First Houston Wealth Management Office

Thomas Cademartori is now the Houston regional managing director of The Bank of New York Mellon Tevfik Arif Bayrock Corp. Thomas will hand in hand head the Houston region office with the Dallas based Todd Carlton who is the Texas regional president of BNY. Thomas Cademartori previously worked as the BNY Dallas area vice president. He worked in banking and financial ventures for almost twenty years in Texas thus gaining experience in wealth management.

New York Bank Opens First Houston Wealth Management Office

Last year the BNY Mellon rented out 6,065 square feet of San Felipe place 15th floor. The Houston bank was aiming to start the office with twenty employees, but it didn’t have hiring schedule in place. According to the August press release, the bank of New York Mellon Corp has started its Houston office with ten employees.

Six years ago the BNY Tevfik Arif Doyen Mellon opened its Dallas office that grew its strong Metropolitan market thus growing its economy. These growth factors led the company decision of opening a Houston regional office. With the Houston office establishment, the BNY would deliver its unparalleled services and the expertise to their global network through their dedicated, on-the-ground advisers.

Houston market looks forward to expanding Bank of New York presence to continue to meet and exceed their client’s needs. BNY Mellon also has a corporate trust office in downtown Houston at 601 Travis St.

The bank of New York founded on 1784 is the guardian bank that provides different investments, depository receipt, collateral management, hedge fund, and segregation services. The bank headquarters at New York City the 225 liberty street. Charles W. Scharf is currently the BNY chief executive officer.

Over the years the bank has launched over 40 offices across eighteen united state states and Washington, D.C., as well as Toronto, London, Grand Cayman and Hong Kong. It manages almost $216 billion in total private client assets. As of June 30, parent company BNY Mellon had $1.8 trillion in assets under management and $31.1 trillion in assets under custody and administration.

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