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

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.

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