Mellon Bank Corp. set up a 14-member board Wednesday to guide expansion of Mellon Financial Group in the West.
The board includes Richard Ferry, chief executive of the headhunting firm Korn/Ferry International, lawyers from several West Coast firms, and former Mellon chairman Frank V. Cahouet.
"The western U.S. ... represents one of the corporation's greatest growth opportunities," said Keith P. Russell, chairman of Mellon Financial Group-West Coast.
Mellon's West Coast unit employs 2,500 people in 56 offices and has 30 business lines.
Mellon said last week it would sell off its mortgage and credit card units to devote more resources to profitable mutual fund and investment management operations.