BNY Taps Minaya as Global Wealth Head

The Bank of New York Mellon Corp. has tapped Jose Minaya as global head of its investments and wealth division, the firm announced Tuesday.

Minaya, who was CEO of Nuveen, TIAA’s asset management arm, will start the role September 3 as a member of the firm’s executive committee and will report to Robin Vince, CEO and president of BNY. He will succeed Hanneke Smits, who is set to retire and will become chair of BNY Investments through the end of 2024 as part of the transition.

The move closes the loop on Minaya’s departure from Nuveen and TIAA that was announced on June 13. That announcement noted that Minaya was departing for other opportunities after four years in the role and also named William Huffman as CEO of TIAA’s $1.2 trillion asset management arm.

In a LinkedIn post, Minaya wrote of BNY: “With a 240-year history of innovation, it’s an exciting time to lead, along with my colleagues, a top-15 global asset manager and top-10 U.S. private bank. All as part of a global financial services firm with nearly $50 trillion in assets, that serves 94% of the top 100 banks worldwide and touches around 20% of the world’s investible assets.”

Minaya will oversee global operating and investment activities across areas including equities, fixed income, real estate, private markets and alternatives. He had been with TIAA since 2004, when he joined as a fixed-income portfolio manager.

“BNY manages money, moves it and keeps it safe, and with the global wealth segment continuing to grow rapidly, we are uniquely poised to serve clients in the segment across the entire financial lifecycle,” BNY CEO Vince said in a statement. “As we unite our top-15 global asset manager and our top-10 U.S. private bank, I believe Jose’s leadership will enable us to be more for our clients around the world.