Danielson Associates, an East Coast consulting firm specializing in community banks and start-ups, has hired David L. Martin as its president.
Arnold G. Danielson, founder of the Rockville, Md., firm, has taken the title of chairman and will co-manage the firm with Mr. Martin, who is 57.
"He's brings a much greater strength on the M&A side than we have now," said Mr. Danielson, who founded the firm in 1978. "He wanted to get back into what he was best at, which was merger and acquisition planning."
Mr. Martin, a longtime Mellon Bank executive, is trained not only in merger strategy, but in merger operations, Mr. Danielson said.
Mr. Martin, a Yale University graduate, will head up Danielson's new office in Coraopolis, Pa., a suburb of Pittsburgh. Mr. Danielson said the new office - the only one outside its Maryland headquarters - will allow the firm to better serve and expand its client base in western Pennsylvania, Ohio, and West Virginia.
Mr. Martin could not be reached for comment.
He was most recently a principal in the banking practice of IBM Consulting Group. From 1988 to 1995, he was a managing director at the consulting firm BEI-Golembe.
Until 1988, Mr. Martin held a variety of positions at Mellon, including senior vice president in charge of corporate development. In that role, he was responsible for Mellon's acquisition of several banks, thrifts, and specialty financial firms.
He was also chief executive of Mellon's 135-office consumer finance company and established its Frankfurt office.