Mellon Financial Corp. has created a new division within its private wealth management unit that will focus on sales, marketing and client service, naming Craig Sutherland as its vice chairman. Sutherland previously was national director and head of Eastern markets for private wealth management. Lawrence Hughes, formerly private wealth chief operating officer, has been promoted to assume Sutherland's previous job, with the title of executive director.
"Mellon has committed significant resources this year to help us leverage our leadership position in wealth management," said David Lamere, president of private wealth management and Mellon vice chairman. "To take full advantage of this opportunity, it is critical that we have the right infrastructure, both to lead our growth efforts and, even more importantly, to ensure a consistently intense focus on excellent in client service and resource delivery."