Press Releases

Mellon's John Cortis Returns to San Francisco to Head Private Wealth Management's Northern California Region

SAN FRANCISCO, April 12, 2006 — Mellon Financial Corporation announced that John Cortis has been appointed regional president of Northern California for its Private Wealth Management group, responsible for leading the group's sales, portfolio management, and private banking efforts throughout the region.

Formerly regional president of Washington, the move marks Cortis' return to California, where he was managing director of sales before moving to Seattle in 2000. Mellon's Private Wealth Management group employs 25 professionals in its San Francisco office, with more than $900 million in locally based client assets. Cortis is based in San Francisco and reports to executive director David Holst.

"Northern California is a region of tremendous opportunity for Mellon," said Holst. "With his outstanding leadership skills and knowledge of the area's business and cultural community, Jack will be able to grow Mellon's Private Wealth presence here as he did so successfully in the Pacific Northwest."

Cortis has more than 25 years' investment and wealth management experience, including 12 with Mellon. He led Mellon's expansion into the Northwest when it acquired The Trust Company of Washington, and he grew client assets to more than $1 billion. Before joining Mellon, he was executive vice president for Bank of San Francisco, managing their private banking group. Cortis is active in the community, recently serving as a trustee of several Seattle-area art organizations. He received his bachelor's degree from Loyola College of Maryland and an MBA from Golden Gate University, San Francisco.

Mellon is among the nation's leading private wealth managers, with more than 135 years' experience in providing wealth planning, investment management and financial management services to financially successful individuals, families, family offices, charitable gift programs, entrepreneurs, professionals, endowments and foundations. Mellon's Private Wealth Management group is a leader in each of its major client segments and consistently achieves industry-leading client satisfaction and retention rates.

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 $781 billion under management. News and other information about Mellon is available at www.mellon.com.