Mellon Financial Corp. announced Tuesday that Charles J. Jacklin will take the role of chief executive officer at its Mellon Capital Management subsidiary on Jan. 1.
Mr. Jacklin, who will remain president, is to succeed Thomas F. Loeb, who will continue as chairman of the San Francisco unit. William F. Fouse remains chairman emeritus.
Mr. Jacklin, 51, is to take charge of day-to-day operations regarding clients and products, the unit of the Pittsburgh financial services company said. Mr. Loeb is to focus on global clients and prospects. Mr. Jacklin said in a press release that the change would not alter the unit's strategic direction because he and Mr. Loeb, 58, had developed it jointly.
Mellon Capital has $134.9 billion of assets under management; it is an investment manager specializing in global quantitative investment strategies for institutional investors.
