NEW YORK and LONDON, Oct. 30, 2012 /PRNewswire/ -- 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. Notes to Editors: 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. BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.4 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at www.bnymellon.com. BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon. All information source BNY Mellon and Mellon Capital at September 30, 2012. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and can fall as well as rise due to stock market and currency movements. When you sell your investment you may get back less than you originally invested. Registered office of BNY Mellon Asset Management International Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Services Authority. A BNY Mellon Company SOURCE BNY Mellon