Mellon Capital Management, the San Francisco-based multi-asset manager for New York's BNY Mellon, has appointed its chief executive, Gabriela Parcella, to serve as chairman of the board, effective December 31.

Parcella will succeed Charlie Jacklin, who is retiring at the end of the year. Parcella was named CEO in March 2011 and has been with Mellon Capital since 1997, becoming chief operating officer in 2008. 

Mellon Capital finished the third quarter with a record $258.9 billion in assets under management.