Financial services giant The Bank of New York Tuesday named Steven Pisarkiewicz executive vice president and head of its investment branch Bank of New York Asset Management, effective May 19.

Pisarkiewicz joins the bank from AllianceBernstein, where he served as chief investment officer of structured equity services, senior portfolio manager and a member of the investment policy group for value equities. Prior to that, he was managing director for Bernstein’s private client and institutional asset management businesses. He will report to Thomas Renyi, Bank of New York’s chairman and chief executive.

The move coincides with the planned retirement of Newton Merrill, the bank’s senior executive vice president for asset management and private client services, who will step down on May 31.

Bank of New York currently has more than $76 billion in assets under management with offices located throughout the United States, London, Hong Kong and Taipei.

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