BNY Mellon Investment Management has named a new chief executive.

Mitchell Harris has been named as chief executive of BNY Mellon's investment management business, succeeding Curtis Arledge, who also led the markets group and has decided to pursue other opportunities.

Harris, who already had responsibility for the daily oversight of the company's investment boutiques globally and wealth management business, will report to Gerald Hassell, BNY Mellon's chairman and CEO.

He was most recently president of BNY Mellon Investment Management - which has $1.6 trillion in AuM - having joined BNY Mellon in 2004 as CEO of its investment boutique, Standish. Earlier, he worked at Pareto Partners.

Michelle Neal, president of the markets group who reported to Arledge, will now report to Hassell. Neal leads the company's foreign exchange, securities finance, collateral management, and capital markets businesses.   

In other recent changes at BNY Mellon, earlier this month Pershing unveiled its new chief operating officer as Lori Hardwick, taking over from Lisa Dolly, who was appointed as chief executive.