Jacklin Installed as Mellon Capital Head

August 27, 2003 (PLANSPONSOR.com) - Mellon Financial Corp. has turned to Charles Jacklin to be president of its Mellon Capital Management subsidiary.

Formerly Mellon Capital’s chief investment strategist, Jacklin will run all investment and operations areas, Mellon said in an announcement. He will report to Thomas Loeb, Mellon Capital’s chairman and CEO.

Jacklin held several senior positions at Mellon Capital from 1994 through April 2001 when he left to pursue other interests, including community and volunteer roles. He remained actively involved with Mellon Capital as an outside director on the firm’s board.

As chief investment strategist, Jacklin was responsible for the firm’s investment strategy and research. Before that, he was director of Mellon Capital’s Asset Allocation Strategies, responsible for portfolio management in domestic, international and global asset allocation strategies.

During 1990-1991, Jacklin served as senior staff economist for Financial Markets and Banking for the President’s Council of Economic Advisors in Washington, DC. Previously, he taught finance in the graduate programs at Stanford University and at the University of Chicago.

Mellon Capital is a San Francisco-based investment manager specializing in global quantitative investment strategies for institutional investors. The firm had $92 billion in assets under management as of June 30, 2003.