The Dreyfus Corporation announced that Diane P. Durnin has been promoted to Vice Chairman of the firm. She was also elected to the Corporation’s Board of Directors. Both appointments are effective immediately.
“This promotion recognizes how critical Diane’s contributions have been over the years and demonstrates our continued confidence in her outstanding capabilities and leadership,” said Stephen E. Canter, Chairman and CEO of The Dreyfus Corporation. “This appointment solidifies Diane’s standing as one of the most senior executives at the firm,” added Thomas F. Eggers, President of Dreyfus. Eggers rejoined Dreyfus in March.
Durnin will continue to head Dreyfus Strategic Products and Business Development and client service. Durnin, who also previously headed marketing for the past three years, also will now run the due diligence process for all of Dreyfus’ actively-managed products. Additionally, Durnin will oversee all products distributed through any Dreyfus channel, including Managed Accounts. Dreyfus’ Separate Account Management business has been growing rapidly, topping $10 billion in assets under management in only four years, placing Dreyfus among the top 10 account providers.
Since starting her career with Mellon in 1982, Durnin has held a variety of progressive positions, including corporate lending, credit and risk management, relationship management and money management. She joined Dreyfus in November 1994. Durnin is also a member of The Dreyfus Corporation’s Senior Management Committee and Operating Committee. She will report to Eggers.