BNY Mellon Asset Management Announces Raft of Executive Changes

March 3, 2011 ( – BNY Mellon Asset Management has appointed  Gabriela Parcella to chief executive officer of Mellon Capital Management Corporation, and Bart Grenier to chairman and chief executive officer of The Boston Company Asset Management LLC (TBCAM).

A news release said 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 ensured a focus 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.

Meanwhile, Grenier joins TBCAM from Deutsche Asset Management where he was Chief Investment Officer and Global Head of Institutional Investments at DB Advisors.  During his tenure 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.