NEW YORK, February 8, 2017- BNY Mellon Wealth Management, the eighth U.S. wealth manager according to Barron’s, has received two awards from Global Finance Magazine. At a special dinner on Tuesday, February7, in New York the firm was recognized as 2017 Best Private Bank for New Customer Segments and its Senior Director and Global Family Wealth Strategist Joan Crain was honored as the Industry Thought Leader for 2017.
BNY Mellon Wealth Management’s regional president for New York Tri State, Mark Osgood, accepted the private bank award on behalf of the firm. Crain accepted her award in person and made some brief remarks.
The New Customer Segments Award evaluates how private banks are uniquely addressing the needs of customers that historically have been underserved, such as minorities, women, and other segments, according to Global Finance. The publication’s editorial board based its selections on entry submissions, (which include the firm’s key financials, capabilities and offerings), customer endorsements, thought leadership, and knowledge of local markets, regulations and practices. Other criteria included the magazine’s own market research, as well as input from industry analysts and executives and users of private banking services.
“We’re delighted to be recognized by Global Finance for our excellent client focus and are equally pleased to be recognized for the astute expertise and insights of our professionals, such as Joan.” Osgood said. “The client segments award is particularly fitting for BNY Mellon Wealth Management, which prides itself on offering a robust array of customized professional services to our diverse, global clientele.”
Crain has more than 25 years of experience working with large, multinational and multigenerational families. She specializes in cross-border planning, business succession and family governance. She is a frequent speaker to such professional groups as the American Bar Association, the Hong Kong American Chamber of Commerce and numerous estate planning councils across North America, the Middle East and Asia. She also is a founding contributor to the GCC Governance Code of the Family Business Council-Gulf.
Crain earned her MBA in Finance from Rollins College, her Bachelor of Education from Queens University, and her Bachelor of Music from McGill University. She holds the designations of Certified Financial Planner, Certified Trust & Financial Advisor and the international trust and estate designation TEP.
Global Finance, founded in 1987, offers analysis and articles about financial markets worldwide and states it has a worldwide circulation of 50,000+.
BNY Mellon Wealth Management is a leading wealth manager. In 2016 it was named by Family Wealth Report as the top U.S. Private Bank and rated the Top Private Bank for Family Offices by Professional Wealth Management magazine. Barron’s ranked it the 8th largest U.S. wealth manager in 2016. The firm has more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has nearly $205 billion in total private client assets, as of December 31, 2016, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which provides investment management, custody, wealth and estate planning and private banking services, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information go to bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2016, BNY Mellon had $29.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.