Human capital

ON THE MOVE PEOPLE

Eagle chief executive leaves the nest

Eagle Investment Systems, a unit of Mellon Financial that develops browser-based systems for the buy-side, has announced the retirement of chief executive Jack Riley at the end of 2003.

A co-founder of the firm, Riley has been chief executive for the past 13 years. David Palten, co-founder and president, will assume his duties and report to Mellon vice-chairman Jim Palermo. With more than 20 years’ experience, Palten has also held positions at Aetna Life

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