Nov 06, 2012
New York/ London, October 30th 2012 - BNY Mellon, the leader in investment management and investment services, announced today that Gabriela "Gabby" Parcella, chief executive officer of Mellon Capital Management Corporation, will gain the additional title of chairman of Mellon Capital's board of directors on December 31, 2012.
Mellon Capital is the San Francisco-based multi-asset manager for BNY Mellon. As chairman, Parcella will succeed Charlie Jacklin, who will retire from Mellon Capital at the end of 2012.
Parcella, who was named chief executive officer in March 2011, has been with Mellon Capital since 1997 and rose to chief operating officer in 2008. Mellon Capital finished the third quarter of 2012 with a record $258.9 billion in assets under management.
"Under Gabby Parcella's leadership, Mellon Capital has achieved strong growth as it builds on its expertise in global asset allocation, alternative investments and indexing," said Curtis Arledge, chief executive officer of BNY Mellon Investment Management. "She also has been a key contributor to Mellon Capital's international expansion, its growth in collective fund offerings and the launch of its alternatives investment strategies platform."
Parcella received her M.P.A and bachelor's degrees from the University of Texas at Austin and her J.D. degree from Stanford University.
Founded in 1983 by innovators in the investment management field, Mellon Capital Management Corporation applies a disciplined and analytical approach to global investment management strategies. As of September 30, 2012, the firm had $258.9 billion 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 $7 billion in overlay strategies. Additional information about Mellon Capital is available at www.mcm.com. It is part of BNY Mellon Investment Management, one of the world's largest asset managers.
Re-disseminated by The Asian Banker