The Bank of New York has appointed Kenneth A. Brause as managing director and head of investor relations. He will report to Thomas P. Gibbons, the senior executive vice president and chief financial officer.
Brause joins the Bank from Horizon Blue Cross Blue Shield of New Jersey, where he served as vice president of strategy & development and vice president of investor relations.
Joseph Murphy, the managing director and current head of investor relations at the Bank, will lead a newly established Product Development and Risk Management Group for The Private Bank and BNY Asset Management. Murphy will report to John Dowd, executive vice president and head of The Private Bank, and Steven Pisarkiewicz, executive vice president and head of BNY Asset Management.
Brause brings over twenty years of experience in the financial services industry. Before joining Horizon, Brause managed the investor relations function for American General Corporation, a life insurance and financial services company that was acquired by American International Group (AIG) in 2001. Prior to joining American General, he spent 13 years with Bankers Trust Corporation in key financial positions, including strategic planning, debt capital markets and syndicate, and as head of investor and public relations. Brause began his career in 1985 as a management consultant at Booz Allen & Hamilton. He holds a bachelor’s degree in Economics from the Wharton School of the University of Pennsylvania and an M.B.A. in Finance and Accounting from The University of Chicago Graduate School of Business.
“Ken’s extensive experience in investor relations and strategic planning will enhance our ability to provide analysts and shareholders with timely insight and information,” says Todd Gibbons. “He will play an important leadership role as we advance our progress in delivering the superior growth and operating results that our investors expect. Joe Murphy has significantly advanced our investor relations program in recent years, most notably through the communication effort in support of our recent strategic transactions in corporate trust and execution services. We look forward to his continued leadership and contributions in his new role.”