According to a press release about the appointment, Clark will oversee the administration of equity compensation plans for more than 700 corporate clients. He will report to David Schrohe, head of Smith Barney’s Corporate Client Group, which specializes in employee benefit and compensation plan services.
Clark spent nearly 14 years with Mellon Financial Corporation, most recently as President and CEO of Mellon Investor Services. Prior to joining Mellon in the U.S., he was President and CEO of the RM Trust Company in Toronto, Canada.
Smith Barney Global Stock Plan Services’ offerings include recordkeeping and brokerage services for stock option, restricted stock, stock purchase, SARs and performance share plans.