BNY Wealth is expanding its presence in Palm Beach with the addition of two senior executives as the company looks to serve the region’s growing population of ultra-high-net-worth clients.
Seth Thompson, CFA, has joined BNY Wealth as senior director and portfolio manager, while Caleb Bowser has been named senior vice president and client executive. Both began their new roles July 22 and report to William Eady, BNY Wealth’s market president for Palm Beach.
Thompson and Bowser bring experience working with wealthy individuals and families on complex financial needs, including investment management, financial planning, lending and wealth transfer strategies.
The appointments come as BNY Wealth continues to identify Palm Beach as a strategic growth market. South Florida has attracted a significant influx of wealthy residents, businesses and financial firms in recent years, increasing demand for wealth management and private banking services throughout the region.
BNY Wealth said the new hires will expand its local presence while strengthening the firm’s ability to provide specialized services and advice to ultra-high-net-worth clients.
BNY Wealth is part of BNY, the global financial services company formerly known as BNY Mellon.
