Mellon Names Private Banking Chief

David Misch was head of corporate strategy and development.
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Mellon Financial (MEL) named David R. Misch national director of private banking.

The Pittsburgh-based financial services outfit said Misch will report to David F. Lamere, Mellon vice chairman and president of its Private Wealth Management group. Misch will be responsible for all private banking activities, including the provision of lending and deposit services to high-net-worth individuals and their businesses, the jumbo mortgage business and operational support of Mellon's 60 wealth management offices.

"Throughout his Mellon career, Dave has played a key role in future business development. This included more than 10 years on the banking side of Mellon, both in business development and risk management positions, most recently as chief credit officer. I am certain that with his experience, Dave will help us focus on our continued growth objectives and initiatives," Lamere said.

Misch, 48, has served as director of corporate strategy and development for the past two years. Before joining Mellon in 1989, he was employed at Lloyds Bank and PNC, both located in Pittsburgh.

On Wednesday, Mellon fell 2 cents to $35.47.