August 15, 2005
Mellon Promotes Graham To Regional President, Private Wealth Management
Mellon Financial has promoted Vicary M. Graham to regional president of its private wealth management group in Massachusetts. In this role, she is to be responsible for Mellon's private wealth management practice in the Bay State as well as in New Hampshire, Vermont, Maine and northern Connecticut.
Graham has worked more than 20 years for Pittsburgh-based Mellon, most recently as a managing director of private wealth management sales in New England. She also oversaw private banking operations in the Northeast.
New Distribution Chief For Unit of U.S. Bancorp
U.S. Bancorp Asset Management has named Jim Greenawalt, a senior consultant to the company for nine months, to head distribution. Greenawalt is to direct distribution for both the company's institutional advisory group and its mutual fund arm, First American Funds. Greenawalt will join U.S. Bancorp Asset Management's operating committee.
The appointment came as the subsidiary of U.S. Bancorp in Minneapolis tries to expand distribution of its First American funds through third parties, including wirehouses, regional brokerage firms and financial advisory firms. It also is trying to increase its asset management heft in the institutional marketplace.
Greenawalt previously directed distribution at Calamos Investments in Chicago and is a former chief operating officer and president of Scudder Kemper Investments.
U.S. Bancorp Asset Management, which had $122.3 billion of assets under management at June 30, is a national investment company that is the registered investment advisor to First American Funds, which had $52.6 billion under management at June 30.
Janus COO Miller Out; 40 Others Lose Jobs
Amid a layoff of 40 others, Janus Chief Operating Officer Girard Miller will resign as of Jan. 3, Janus announced last Tuesday, but even so, Chief Financial Officer David Martin will handle most of Miller's responsibilities over the next several months.
Janus spokeswoman Shelley Peterson said Miller is leaving due to cost-savings restructuring, although his departure is the second high-level defection in the past two months. Loren Starr resigned in June as chief financial officer, at which time Martin, who hailed from Charles Schwab, was named his successor.
President and Chief Investment Officer Gary Black will continue in his role, Peterson noted.
Wells Exec Joins City Nat'l To Run Private Wealth Unit
City National Bank has hired a Wells Fargo executive to run its wealth management division. Richard D. Byrd was named an executive vice president of the parent company, City National, and director of wealth management services, in charge of City National Asset Management and City National Securities, the broker/dealer subsidiary, as well as the bank's personal and business trust services, including its 401(k) business.Byrd succeeds Shelley Thompson, who left at the end of the first quarter to pursue other opportunities, the company said.
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