The Bank of New York has appointed John M. Dowd, a managing director and 17-year veteran with the bank, as head of its Private Bank.
Dowd, who has been serving as the bank’s chief trust officer, will continue in that role and report to Leslie V. Godridge, senior executive vice president and head of Investment Management Services and Individual and Regional Banking Services at The Bank of New York.
Dowd will manage the ongoing development and delivery of the Bank’s wealth management services, including financial and tax planning, investment management, trust and fiduciary services, estate planning, and private brokerage. He will also focus on developing a wider range of private banking products for the financial intermediary channels, such as directed trust services.
Dowd has experience in wealth management and has directed a wide variety of private banking services, including personal trusts and estate planning, fiduciary real estate, tax services, planned giving and private client custody services. He holds a BA from Guilford College and an MBA from Columbia University.
“We are very fortunate to have a professional of John’s caliber assume this pivotal leadership role, which highlights the depth and experience of our Private Bank’s senior management team,” said Godridge. “John has a deep appreciation of the unique challenges faced by our high-net-worth clients and has demonstrated outstanding leadership and vision during his nearly two decades of service with the Bank.”