Press Releases
Mellon Global Professional Services (GPS) Business Expands U.S. Presence; New Office in San Francisco Indicates Client Growth on West Coast
PITTSBURGH, March 15, 2006 — Mellon Global Professional Services (GPS), a business that delivers value-added consulting services to Mellon technology and outsourcing clients, has opened an office in San Francisco as a result of a growing customer base on the West Coast. Located at 525 Market St., the office is headed by Ashish Kapur, a Mellon veteran experienced in helping clients achieve world-class business performance and maximize returns on technology investments. GPS currently has offices in Pittsburgh, Hartford, Boston, Toronto, London and India.
"Mellon is committed to expanding its role as an industry leader in developing and delivering solutions supporting the investment management process. With a significant increase in the number of our West Coast clients, as well as a healthy pipeline of potential new business, it was important to establish a more formalized California presence so we can respond to client needs more effectively," said David Palten, GPS president and chief executive officer.
"I am looking forward to overseeing this effort in opening a new office with a seasoned staff to actively identify and accelerate key value propositions for our clients," said Kapur, who first joined Mellon in 2001 and has in-depth experience planning and managing large-scale business initiatives during periods of tremendous change. During his tenure at Mellon, he implemented innovative technologies, as well as industry-leading best practices to deliver solutions that enable clients to quickly transform strategy, technology and operations to achieve superior results.
GPS, part of Mellon's Investment Manager Solutions (IMS) group, has world-class expertise in implementing Eagle Investment System's product suite for money managers, mutual funds, hedge funds, brokers, plan sponsors, banks, corporate trusts and insurance companies. GPS' consulting services include technology, strategy and architecture, business process redesign, system integration, custom development and hosting. Led by pioneers of the investment operations industry, GPS' practice groups bring vast industry experience and technological savvy to help firms scale investment infrastructure to support their global needs.
IMS is focused on delivering a full spectrum of solutions supporting the investment process of global investment managers and financial institutions. These businesses include Eagle Investment Systems, Global Investment Administration, Global Professional Services and Mellon Analytical Solutions. Together they provide a broad array of products and services around technology, outsourcing, reference data management and performance measurement and analytics.
Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and investor services, and treasury services. Mellon has approximately $4.7 trillion in assets under management, administration or custody, including