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RICHARD BERNER NAMED TO SUCCEED NORMAN ROBERTSON AS CHIEF ECONOMIST FOR MELLON BANK CORPORATION

 PITTSBURGH, Nov, 24 ~PRNewswire~ -- Richard B. Berner, 46, formerly senior economist for Morgan Stanley & Co., Inc., has been named to succeed Norman Robertson, 65, as Mellon Bank Corporation's (NYSE: MEL) chief economist, effective with Robertson's retirement on Dec. 31, 1992, Frank V. Cahouet, chairman, president and chief executive officer, announced today.
 In this position, Berner will be responsible for planning and managing the economic analysis, research and forecasting activities of the corporation.
 "We congratulate and thank Norm Robertson for his distinguished 30 years of service to Mellon, during which time he came to be one of the leading business economists in the United States," Cahouet said. "He has made a significant contribution to Mellon Bank Corporation and to the industry, and we wish him well in his retirement. At the same time, we are gratified to be able to fill his position with Dick Berner, who brings enviable qualifications to the chief economist position."
 Berner served as a principal and senior economist for Morgan Stanley from February 1992 until August 1992, when he resigned to join Mellon Bank. In that capacity, he was the chief international economic spokesman for the firm. He was responsible for the coordination of analysis and forecasting of international economies and financial markets.
 Prior to his position at Morgan Stanley, Berner was a director and senior economist for Salomon Brothers, from April 1985 to February 1992. There he directed analysis and forecasting of the U.S. economy and financial markets. He co-edited the firm's flagship publication, Comments on Credit. He contributed to Salomon's global fixed-income and equity strategy recommendations.
 Berner served as a vice president and economist for Morgan Guaranty Trust Company from August 1982 to April 1985. He was the director of the Washington Office of Wharton Econometrics, Inc., from August 1980 to August 1982. Prior to that, Berner was an economist for the Board of Governors of the Federal Reserve System from August 1972 to August 1980.
 Berner received an A.B. in economics from Harvard College, a Ph.D. in economics from the University of Pennsylvania and performed his dissertation research at the Universite Catholique de Louvain, Belgium.
 Berner succeeds Robertson who joined Mellon in 1963 as associate economist. Robertson was named senior vice president and chief economist in 1973.
 A native of Boston, Berner recently moved to the Pittsburgh suburb of Mount Lebanon, with his wife, Bonnie, and their two children.
 -0- 11~24~92
 ~CONTACT: Debra DeCourcy of Mellon, 412-234-5873~
 (MEL)


CO: Mellon Bank Corporation ST: Pennsylvania IN: FIN SU: PER

PT -- PG002 -- 0897 11~24~92 09:00 EST
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Date:Nov 24, 1992
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