BNY Mellon Wealth Management has hired former Alliance Bernstein executive James Fagan Jr. to manage its sales efforts in the three-state area in and immediately around metropolitan New York.

He reports to Thomas Hurlbrink, director of sales for BNY Mellon Wealth Management's New York region.

Fagan was a financial adviser with Bernstein Global, the wealth-management segment of Alliance Bernstein, for the past two years. After a five-year stint - ending in 2005 - as head of new-business development for Bowne & Co. (BNE) and as chief executive of its subsidiary Browne Global Solutions, he spent three years in private equity and consulting.

In a press release, Hurlbrink described the "tri-state" area that centers on Manhattan as "a key market for serving wealthy clients," and added that BNY Mellon Wealth Management would soon be adding more sales staff for this market.

BNY Mellon Wealth Management, part of Bank of New York Mellon (BK), had about $157 billion under management at the end of March. The unit recently hired three portfolio managers in Boston.

-Thomas Coyle, Dow Jones Newswires; 207-631-4235; thomas.coyle@dowjones.com
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