BNY has reassigned Adam Vos to a newly created role as global head of wealth solutions, the bank announced on Tuesday. Vos, who currently serves as global head of markets and sits on BNY's executive committee, will take responsibility for the firm's wealth and managed-accounts push.
In his new capacity, Vos will oversee BNY Pershing's clearing and custody operations - inclusive of the Wove wealth management platform - along with BNY Archer's managed accounts business. The move brings both Pershing and Archer under a single executive leader.
BNY acquired Archer in 2024. The technology-enabled provider of managed account services was purchased by the New York-based firm to broaden its offerings to asset managers and wealth managers.
"As the wealth landscape continues to expand and evolve, its important that our leadership and structure evolve alongside our clients," BNY CEO Robin Vince said in a statement explaining the rationale behind the shift.
Other senior appointments were also announced as part of the reshuffle. Jim Crowley, a BNY veteran with four decades at the firm and the current global head of BNY Pershing, has been promoted to executive vice chair.
Laide Majiyagbe, who joined BNY in 2021 from Goldman Sachs and now serves as the bank's global head of liquidity, will move into the role of global head of markets, succeeding Vos. In this position Majiyagbe will be responsible for the bank's foreign exchange, fixed income and equities, liquidity and financing, and execution services businesses.
The leadership changes come after BNY reported fourth-quarter results earlier this month that topped Wall Street expectations, and the bank raised its return on tangible common equity target.
Founded in 1784 by Alexander Hamilton, BNY is one of the older banking institutions in the United States. The firm has continued to reorganize its businesses and leadership as it pursues growth across custody, clearing, wealth and managed accounts.
Separately, some market comment referenced the ticker BK in the context of buy-side evaluation tools and automated stock idea generators. ProPicks AI was mentioned as an example of an AI-driven strategy that evaluates companies including BK using multiple financial metrics.
The announcements reflect a strategic push to centralize oversight of wealth-related services and to align market and liquidity leadership roles after recent financial performance.