Ted A. Berenblum has been named head of alternative investments for
BNY Mellon Wealth Management, a business of The Bank of New York Mellon Corporation. Based in New York, he will report directly to Leo P. Grohowski, chief investment officer of BNY Mellon Wealth Management.
In this newly created role, Berenblum will lead the expansion and successful implementation and delivery of alternative investments to private clients. Berenblum will oversee expansion of private equity and real estate offerings, commodities including timber and natural resources, infrastructure, currency and portable alpha strategies. With this appointment, BNY Mellon Wealth Management strengthens its stature as an early adopter of alternative investments starting with the introduction of long/short strategies for private clients at the turn of the decade. Bank of New York Mellon’s advisory firms, banks and trust companies currently manage approximately $69 billion in alternative investments.
Berenblum, who will assume his new position on 2 September, has more than 25 years experience in investment management for high- and ultra-high net worth individuals and families. He joins BNY Mellon Wealth Management from Citigroup, where he was a managing director and head of ultra-high net
worth investments for its Global Wealth Management division. Prior to that, he held various management positions at Citigroup Private Bank, including head of global product management, product strategy and product selection. Berenblum earned his bachelors degree in American studies with a concentration in economics from Yale University and an MBA from New York Universitys Stern School of Business.
I am delighted to have an investment professional of Teds caliber join our firm. Ted has spent his more than 25-year career largely focused on the investment needs of private investors. His expertise and technical competence in offering both traditional and alternative products to the largest and most sophisticated clients will be important strengths for us as we continue to grow our business and enhance and extend our investment capabilities, says Leo Grohowski, chief investment officer, BNY Mellon
Wealth Management.
BNY Mellon Wealth Management is extremely well positioned to capitalise on growth opportunities in the alternative investment arena, says Berenblum. I look forward to contributing to the firms success.