Financial Services >> CEO Interviews >> April 4, 2001
JAMES P. PALERMO is Executive Vice President of Mellon Financial
Corporation. Mr. Palermo is responsible for the institutional trust and
custody business worldwide, sales and marketing, service delivery,
client service, and investment information services. He is President of
The Boston Company and Boston Safe Deposit and Trust Company. Prior to
his current role, he managed the Boston sales and client service office
of Mellon Capital Management Corporation. He was a Senior Vice President
and a member of its Senior Management Committee. Mr. Palermo joined The
Boston Company in 1986. In January 1990, he became the manager of the
Client Service Division. In 1993, he assumed responsibility for the
Mellon Trust Client Service organization serving their institutional
corporate, public, Taft-Hartley and mutual fund relationships. The
Boston Company was acquired by Mellon Financial Corporation in 1993. Mr.
Palermo is a member of Mellon's Senior Management Committee. He serves
on the Board of Directors of CIBC Mellon Trust Company in Toronto,
Ontario, Canada and Russell/Mellon Analytical Services in Tacoma,
Washington. He is an Executive Committee member of ABN AMRO/Mellon
Global Securities Services in Amsterdam, Netherlands. He also serves as
Chairman of the Boston Committee for Public Responsibility at Mellon and
is a member of the general board of the YMCA of Greater Boston. Prior to
joining Mellon, Mr. Palermo was a financial analyst at General Motors
and a national sales manager and manager of client service at DanCorp,
Inc. Mr. Palermo received a Bachelor of Business Administration degree
from the University of Massachusetts at Amherst and a Master of Business
Administration degree from Babson College. Profile
description of the company as it is now?
Mr. Palermo: Mellon Financial Corporation is headquartered in
Pittsburgh,
