Deals and People August 27, 2003

Jacklin Installed as Mellon Capital Head

August 27, 2003 (PLANSPONSOR.com) - Mellon Financial Corp. has turned to Charles Jacklin to be president of its Mellon Capital Management subsidiary.
Reported by

Formerly Mellon Capital’s chief investment strategist, Jacklin will run all investment and operations areas, Mellon said in an announcement. He will report to Thomas Loeb, Mellon Capital’s chairman and CEO.

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Jacklin held several senior positions at Mellon Capital from 1994 through April 2001 when he left to pursue other interests, including community and volunteer roles. He remained actively involved with Mellon Capital as an outside director on the firm’s board.

As chief investment strategist, Jacklin was responsible for the firm’s investment strategy and research. Before that, he was director of Mellon Capital’s Asset Allocation Strategies, responsible for portfolio management in domestic, international and global asset allocation strategies.

During 1990-1991, Jacklin served as senior staff economist for Financial Markets and Banking for the President’s Council of Economic Advisors in Washington, DC. Previously, he taught finance in the graduate programs at Stanford University and at the University of Chicago.

Mellon Capital is a San Francisco-based investment manager specializing in global quantitative investment strategies for institutional investors. The firm had $92 billion in assets under management as of June 30, 2003.

Compliance August 26, 2003

EEOC Releases Federal Agency EEO Guidance

August 26, 2003 (PLANSPONSOR.com) - Federal government managers now have a new road map for setting up equal employment opportunity programs, courtesy of the US Equal Employment Opportunity Commission (EEOC).
Reported by

>According to an EEOC announcement, Management Directive (MD) 715 advances federal agencies’ EEO efforts by requiring each department to conduct periodic self-assessments of their EEO policies and practices to ensure free and open workplace competition.

>An important component of MD 715 is the establishment of the following Essential Elements for structuring model EEO programs at federal agencies:

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  • demonstrated commitment from agency leadership
  • integration of EEO into the agency’s strategic mission
  • management and program accountability
  • proactive prevention of unlawful discrimination
  • efficiency
  • responsiveness and legal compliance.

>The EEOC said agency Chair Cari Dominguez has met with a variety of federal agency officials to help the officials improve their EEO performance.

The new directive becomes effective government wide at the start of Fiscal Year 2004 on October 1. The full text of MD 715 is available at  http://www.eeoc.gov/federal/eeomd715.html .

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