▁known ▁as ▁B N Y ▁M ell on ▁Mark ets . ▁ ▁In vest ment ▁Management ▁B N Y ▁M ell on ' s ▁In vest ment ▁Management ▁business ▁generates ▁ 2 8 ▁percent ▁of ▁the ▁company ' s ▁re venue ▁and ▁had ▁US $ 1 . 7 ▁tr ill ion ▁( Q 4 ▁ 2 0 1 6 ) ▁in ▁assets ▁under ▁management . ▁It ▁oper ates ▁several ▁asset ▁management ▁bout iques ▁and ▁as ▁of ▁ 2 0 1 4 ▁was ▁the ▁largest ▁multi - b out ique ▁invest ment ▁manager ▁in ▁the ▁world . ▁ ▁B N Y ▁M ell on ' s ▁We alth ▁Management ▁unit ▁handles ▁the ▁private ▁bank ing , ▁estate ▁planning , ▁family ▁office ▁services , ▁and ▁invest ment ▁serv icing ▁and ▁management ▁of ▁high - net - worth ▁individuals ▁and ▁families . ▁As ▁of ▁ 2 0 1 4 , ▁it ▁ranks ▁ 7 th ▁among ▁wealth ▁management ▁business es ▁in ▁the ▁United ▁States . ▁Starting ▁in ▁ 2 0 1 3 , ▁the ▁unit ▁began ▁expansion ▁efforts , ▁including ▁opening ▁eight ▁new ▁bank ing ▁offices , ▁increasing ▁sales people , ▁bank ers , ▁and ▁port folio ▁man agers ▁on ▁staff , ▁and ▁launch ing ▁an ▁aw aren ess ▁campaign ▁for ▁wealth ▁management ▁services ▁through ▁television ▁ad s . ▁ ▁Le ad ership ▁Charles ▁W . ▁Sch arf ▁was ▁appointed ▁CE O ▁in ▁July ▁ 2 0 1 7 ▁and ▁became ▁Chair man ▁after ▁former ▁CE O ▁and ▁Chair man ▁Ger ald ▁Hass ell ▁retired ▁at