A bank news release said the group provides investment management and custodial services to public and Taft-Hartley defined benefit pension plans. Currently, the unit manages more than $37 billion in trust assets for jointly-administered plans, including $12 billion under management and over $25 billion as custodian.
The announcement said Pellecchia will direct the group’s investment management and custodial services as well as marketing, customer service, compliance and risk management functions. He will report to Derrick D. Cephas, the Bank’s President and Chief Executive Officer.
“He has the ability to develop and grow customer relationships by providing a range of investment management and consulting services,” Cephas said of Pellecchia.
Prior to joining Amalgamated Bank, Pellecchia served as Senior Vice President at Callan Associates. Before that, Pellecchia held a number of senior level positions during his 12-year tenure with Prudential Investments’ offices in New York City, Chicago and Newark, according to the announcement.
Pellecchia earned a Bachelor of Arts degree in economics from Hamilton College in Clinton, New York.