Family Office
Mellon opens another southern Californian office

Wealth firm shifts L.A.-office sales staff, portfolio team to
Century City. Mellon Financial has opened a fifth Private Wealth
Management (PWM) office in California with its new Century City
branch. The move is meant to help Mellon "accommodate the
continued growth of its southern California operations,"
according to a press release.
Sales central
"Through this new office, we also look forward to serving our
already extensive local client base," says Mellon PWM regional
head David Emmes, who attributes growth in the region to a
booming business climate in southern California generally. "We
are pleased now to be their neighbor and are committed to
continuing to provide them, and our new clients, with Mellon's
world-class investment, wealth planning, and private banking
services."
In the run-up to the Century City expansion, Emmes increased
sales staff at Mellon PWM's Los Angeles office from seven to 13.
Now most of this sales staff will be transferred to the Century
City office. A team of portfolio managers will also be in
residence ta the new office.
Early in December 2006 Mellon agreed to merge with the Bank of
New York in exchange for about $16.5 billion in Bank of New York
stock.
Pittsburgh-based Mellon has around $5.5 trillion in assets under
management, administration and custody. Its PWM group is based in
Boston. -FWR
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