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Deals & People March 3, 2011
BNY Mellon Asset Management Adds to Executive Committee
Gabriela Parcella is the new CEO of Mellon Capital Management Corporation, and
Bart Grenier was appointed to chairman and CEO of The Boston
Company Asset Management LLC (TBCAM).
Reported by PLANADVISER staff
Both will join BNY Mellon Asset Management’s executive committee.
The
company said Parcella joined Mellon Capital in 1997 and became chief
operating officer in 2008. During her tenure at the firm, she has focused on risk management, fiduciary integrity, and management
capabilities. Charlie Jacklin will become chairman of Mellon Capital
and will focus his time on 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. In this role, he managed a large global
investment organization, spanning equities, fixed income, cash
management, and alternatives. Prior to Deutsche Asset Management,
Grenier spent 14 years at Fidelity Management & Research Company
(FMR), where he was a Senior Vice President, overseeing a $500 billion
investment platform.
Grenier will join TBCAM on June 1.The changes at Mellon Capital are effective immediately.