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Mellon reshuffles management for European growth

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UK/EUROPE - Mellon Financial Corporation (Mellon) has announced a raft of senior European management changes as it sets its sights on business growth on the continent, beginning with the move of Jack Klinck, Executive Vice President and Head of Corporate Strategy and Development, to London as head of Mellon Europe.

Klinck also will be taking on a newly established role as executive director of Mellon Global Securities Services (GSS) International, responsible for the custody and fund administration businesses outside of North America, including ABN AMRO Mellon and Mellon Fund Administration.

Jon Groom, the current head of Mellon Europe, will return to New York where he will continue to lead Mellon Global Investments, Mellon’s umbrella organisation for non-US asset management. He will take on the additional role of leading the development of the alternative investments strategy for Mellon’s asset management business globally, as well as responsibility for non-US asset management acquisitions.

In turn, Richard Godfrey has been appointed managing director of Mellon Fund Administration, an area he joined in 1999, with responsibility for strategy and projects.

Steve Blizzard has been appointed director of European strategy and development for the asset servicing business. The appointment marks Mellon’s increasing focus on growth in Europe. He will be responsible for supporting the development of corporate strategy and acquisitions across these lines of business.

Martin G. McGuinn, chairman and chief executive officer of Mellon, comments: “We are excited by the growth opportunities for Mellon Financial Corporation in Europe and these senior appointments reflect our intent to invest to build for the future”.

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