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Industry Spotlight > Women in Wealth

BNY Mellon's Wealth Unit Names Next CIO

By Jeff Berman

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BNY Mellon Wealth Management appointed Sinead Colton Grant as its new chief investment officer, a promotion that becomes effective Jan. 1, when she will succeed current CIO Leo Grohowski, who decided to retire at the end of 2023, the firm announced Tuesday.

Colton Grant has more than 25 years of investment experience and is currently head of Investor Solutions at BNY Mellon. Previously, she was deputy chief investment officer and head of equities for BNY Mellon Wealth Management.

She joined BNY Mellon in 2012 through Mellon Capital where, during her tenure, she served in various senior investment roles. Before that, she held senior roles at BlackRock and J.P. Morgan Asset Management.

Colton Grant is based in New York and reports to Catherine Keating, global head of BNY Mellon Wealth Management.

“We appreciate Leo’s many contributions to our business, and celebrate the deep talent bench he has built,” Keating said in a statement. “As a proven investment leader, Sinead is well-positioned to assume this role and we look forward to building on the Investment team’s success.”

Grohowski has been CIO of BNY Mellon Wealth Management for 16 years and has over four decades of asset and wealth management industry experience, the company said.

“He played a pivotal role in shaping investment strategy and execution, and successfully guided clients through multiple business cycles,” according to the firm.

As part of the transition, Chris Vella, CIO for Investor Solutions, will lead the Investor Solutions business. Before joining BNY Mellon, Vella spent 20 years at Northern Trust Asset Management, including as CIO of Multi-Manager Solutions, overseeing investment strategy, manager selection and portfolio construction.

BNY Mellon Wealth Management had $286 billion in total client assets as of June 30, it said. Parent company BNY Mellon, meanwhile, had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, the firm said.

Pictured: Sinead Colton Grant

Jeff Berman

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