Article: Bank of N.Y. Asset Management Unit Gets a New Chief.

Asset management so far has failed to grab the limelight at Bank of New York Co., but that may change after the appointment of a new leader for the unit.

Bank of New York said Tuesday that it has hired Steven Pisarkiewicz to head BNY Asset Management. He will start his new job on Monday and will succeed Newton P.S. Merrill, who is retiring as the head of the asset management and private client services business at the end of the month.

Mr. Pisarkiewicz will join Bank of New York after 14 years at AllianceBernstein, where he has been the chief investment officer for four years. Previously he had been the managing director of its private client and ...

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