Mellon Capital Management gets new CEO
BNY Mellon Asset Management has appointmented Gabriela Parcella as chief executive officer of Mellon Capital Management Corporation, and Bart Grenier chairman and chief executive officer of The Boston Company Asset Management LLC (TBCAM).
They will both join BNY Mellon Asset Management’s executive committee.
Parcella joined Mellon Capital in 1997 and became chief operating officer in 2008. During her tenure, she has focused on risk management, fiduciary integrity and management capabilities. Curtis Arledge remains CEO of BNY Mellon Asset Management. Charlie Jacklin will become chairman of Mellon Capital and oversee investment strategies and client relationships. Tom Loeb, currently chairman, will join his Mellon Capital co-founder, Bill Fouse, in the role of chairman emeritus.
Grenier joins TBCAM from Deutsche Asset Management where he was chief investment officer and global head of institutional investments at DB Advisors. Grenier also spent 14 years at Fidelity Management & Research Company (FMR) where he was a senior vice president, overseeing a $500 billion investment platform. He will join TBCAM on June 1st.
Founded in 1983 Mellon Capital Management Corporation has $208bn in assets under management, including assets managed by dual officers of Mellon Capital Management Corporation, The Bank of New York Mellon and The Dreyfus Corporation, and $9.2bn in overlay strategies.
The Boston Company Asset Management, LLC, a BNY Mellon Asset Management investment firm, manages $39bn in assets for more than 450 clients worldwide. It specializes in providing a range of actively managed U.S., global, emerging markets and alternative products with a fundamentally based approach to security research.