Mellon director of corporate affairs Jan Altink said the company had decided that Consolidated’s brief to promote Mellon as a pension fund manager could be better run in-house.
‘While we were happy with the work Consolidated did for us, we felt that in the long run we needed a dedicated person,’ said Altink.
Consolidated’s brief has been absorbed by Mellon Europe comms manager for HR and investor solutions Tomos Rhys Edwards, who joined the bank in April from the Welsh Development Agency, where he was national culture manager for the Entrepreneurship Action Plan.
Altink said Edwards was already building relations with interest groups such as the National Association of Pension Funds to add Mellon’s voice to industry input on the Pensions Bill. The bill, published in February, includes plans for a pension protection fund, which will seek to provide security for pension scheme members.
Consolidated held the Mellon account prior to Altink’s arrival from Deutsche Bank in London, where he was head of marcoms for global institutional services.