BNY Mellon Asset Management has tapped Curtis Arledge, the former CIO of fixed-income at BlackRock, to take the helm and lead its business on a permanent basis.

In an announcement late yesterday, Bank of New York Mellon's money management division said that Arledge will join as vice chairman and head executive in the fourth quarter of 2010. Mitchell Harris, the current interim CEO, will be relieved of the management role and assume his previous post as vice chairman of the fixed-income, cash and currency group, the Aug. 3 press release said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.