BNY Mellon Asset Management has announced new heads for Mellon Capital Management and The Boston Company Asset Management.

Gabriella Parcella, who has served as chief operating officer of Mellon Capital since 2008, has been appointed chief executive officer of the company. Other related appointments within the firm involve Charlie Jacklin, who has been named chairman, and Tom Loeb, who shifts from being chairman to join his Mellon Capital co-founder Bill Fouse as chairman emeritus. These changes are effective immediately.

The othey key appointment is that of Bart Grenier, who assumes the role of chairman and chief executive at The Boston Company Asset Management. Grenier steps in from Deutsche Asset Management, where he served as chief investment officer and global head of institutional investments at DB Advisors. His new position takes effect on 1 June 2010. During the transition, Grenier will be working closely with outgoing chief David Cameron, who will assume a senior role within BNY Mellon Asset Management.

Mellon Capital is the investment management subsidiary of BNY Mellon Asset Management and holds $208 billion in assets under management, including assets managed by dual officers of Mellon Capital, The Bank of New York Mellon, and The Dreyfus Corporation. The Boston Company Asset Management, which specializes in emerging markets and alternative products, manages $39 billion in assets.