Pittsburgh's banking giant Mellon Financial has created the new position of executive director of sales, marketing, and product development its Mellon Institutional Asset Management division, appointing Scott Powers to the post.

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Previously, Powers had been chief operating officer at The Boston Company Asset Management (TBCAM). In his new role, Powers will be responsible for all new business growth within Mellon's "primary investment subsidiaries", including TBCAM, Certus Asset Advisors, Franklin Portfolio Associates, Mellon Bond Associates, Mellon Capital Management Corporation and Mellon Equity Associates. 

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