The Bank of New York Appoints Ken Brause as New Head of Investor Relations and Joe Murphy as Head of Product Development and Risk Management for The Private Bank and BNY Asset Management
NEW YORK, November 6, 2006 -- The Bank of New York announced today the appointment of Kenneth A. Brause as managing director and head of investor relations. He will report to Thomas P. (Todd) Gibbons, senior executive vice president and chief financial officer.
Mr. Brause joins the Bank from Horizon Blue Cross Blue Shield of New Jersey, where he served as vice president of strategy & development and vice president of investor relations.
Joseph Murphy, managing director and current head of investor relations at the Bank, will lead a newly established Product Development and Risk Management Group for The Private Bank and BNY Asset Management. Mr. Murphy will report to John Dowd, executive vice president and head of The Private Bank, and Steven Pisarkiewicz, executive vice president and head of BNY Asset Management.
Mr. Brause brings over twenty years of experience in the financial services industry. Before joining Horizon, Brause managed the investor relations function for American General Corporation, a life insurance and financial services company that was acquired by American International Group (AIG) in 2001. Prior to joining American General, he spent 13 years with Bankers Trust Corporation in key financial positions, including strategic planning, debt capital markets and syndicate, and as head of investor and public relations. Mr. Brause began his career in 1985 as a management consultant at Booz Allen & Hamilton. He holds a bachelor's degree in Economics from the Wharton School of the University of Pennsylvania and an M.B.A. in Finance and Accounting from The University of Chicago Graduate School of Business.
"Ken's extensive experience in investor relations and strategic planning will enhance our ability to provide analysts and shareholders with timely insight and information," said Todd Gibbons. "He will play an important leadership role as we advance our progress in delivering the superior growth and operating results that our investors expect. Joe Murphy has significantly advanced our investor relations program in recent years, most notably through the communication effort in support of our recent strategic transactions in corporate trust and execution services. We look forward to his continued leadership and contributions in his new role."
Mr. Murphy has served as Head of Investor Relations since 2004. He first joined the Company in 1985 in its management training program. He later departed for graduate school, and then spent more than a decade at J.P. Morgan where he held a variety of management positions in fixed income, including private placements, structured finance and high yield portfolio management. After returning to The Bank of New York in 2001, he led the Company's energy division as well as regional client management teams. Mr. Murphy holds a bachelor's degree in Economics from Harvard University and an M.B.A in Finance from the Wharton School of the University of Pennsylvania.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, asset management, and private banking. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
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