David Lamere has been named to Mellon Financial Corporation's now eight-member executive management group - the most senior management body - which sets corporate strategies and oversees daily operations.
In addition, he will head all of Mellon's private client services, consisting of Mellon Private Asset Management, Private Banking, Private Mortgage and Mellon United National Bank.
Lamere, who is based in Boston, remains chairman and chief executive officer of Mellon New England.
He joined Mellon in 1993 with its acquisition of The Boston Company, where he held several senior management positions. Prior to that he was president of the Shearson Lehman Trust Company.
Lamere is a director on the boards of Laurel Capital Advisors, Mellon United National Bank and Newton Management, London. In addition, he is chairman of the board for Mellon Trust of New York, Mellon Trust of California, and Mellon Private Trust Company, National Association.
By Madhu Kalia
Kim Gubler says it is time that schemes and administrators reassess SLAs and look at what real people need from their pension schemes and when
The Pensions Regulator (TPR) is focusing on reducing the number of "poorly-run" schemes as it seeks to improve standards across the board.
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.