The story is further evidence of the Dallas area of Texas being a wealth management hotspot.

BNY Mellon Wealth Management has appointed three senior figures to join its Dallas office, underscoring the importance of this part of Texas in the wealth management market.

The firm has appointed Chris Gold as Dallas market president, Megan Steinbach as senior private banker and Dan Patterson as senior wealth manager. They are all based in Dallas and report to Todd Carlton, regional president, Central Region.

Gold will lead the Dallas area and focus on client relationships, center-of-influence interactions, product, service and sales delivery, the firm said in a statement yesterday. Steinbach will work with new and existing high net worth and ultra-HNW clients to develop and implement a strategic plan for managing credit and treasury solutions.

Patterson will provide wealth management advice, including managing portfolios and providing strategic planning and advice for UHNWIs.

Two years ago, this publication wrote about the size and growth of the Dallas/Fort Worth market. Texas benefits from having no state income tax and what is perceived as a relatively pro-business regulatory climate, contrasting with higher-taxed states such as New York and California. Among recent developments, Dallas entrepreneur and investor Greg Alexander opened a family office, Capital 54, and appointed the former global president of YPO (Young Presidents’ Organization), Sean Magennis, to run it.

Gold, who brings more than two decades of wealth management experience, is joining BNY Mellon Wealth Management from Northern Trust, where he was a senior managing director. Prior to that, he served in a variety of senior roles at Lazard Asset Management, Bank of America and EY. He earned a bachelor of arts from DePaul University.

Steinbach is joining from Northern Trust, where she most recently served as senior private banker. Previously, she worked in various capacities at Frost Bank. She earned a bachelor of business administration from Southern Methodist University.

Patterson, who has 35 years of financial services experience, is also joining from Northern Trust, where he was a senior investment portfolio manager. Before that, he served as an institutional fixed income portfolio manager at Provident Investment Counsel. He earned a bachelor of science from Marshall University, a master of business administration from Northern Arizona University, and a Juris Doctorate from Whittier College School of Law.