Mellon names southern Californian wealth-biz heads

FWR Staff

27 September 2006

Emmes directs sales and client service; Kartub oversees product initiatives. Mellon Financial has promoted David Emmes to the position of managing director for its private-client business in southern California. He'll be responsible for directing sales and wealth management in the area.

Based in Los Angeles, Emmes will report to David Holst, executive v.p. for Mellon's Private Wealth Management group.

"David has made significant contributions to Mellon's rapid growth in southern California, and his proven leadership skills and strong client focus will help us capitalize on our momentum in the region," says Holst. "Since joining Mellon five years ago, Russell's collaborative approach and unparalleled knowledge of wealth management have helped ensure that our client satisfaction results continue to set the industry's standard."

And another

Emmes has been in financial service for more than 25 years. Most recently he was head of sales in southern California, which he helped make one of Mellon Private Wealth Management's most productive regions. His prior employment includes working in institutional fixed income and currency derivatives for Security Pacific and Natwest Capital Markets. He also worked with Crosspoint Venture Partners on early-stage investments.

In another promotion, Russel Kartub, portfolio team leader in Mellon's Glendale, Calif., office, has been named managing director of portfolio management. Reporting to Emmes, Kartub will add to his former responsibilities oversight of revenue growth initiatives and client-service standards for all of southern California.

Kartub joined Mellon from Van Deventer & Hoch Investment Management, an Irvine, Calif.-based wealth-management firm that Mellon acquired in 2001.

Pittsburgh, Pa.- based Mellon oversees $5.1 trillion in assets under management, administration or custody, including $870 billion under management. The company's wealth business is based in Boston. -FWR