Mercantile economist moves to Pell RudmanMercantile...

Maryland Watch

April 24, 1996

Mercantile economist moves to Pell Rudman

Mercantile Bankshares Corp. chief economist David L. Donabedian has left the company to become senior portfolio manager with Rothschild/Pell Rudman Inc., a Baltimore-based investment manager.

Mr. Donabedian, who started on Monday, will manage money for wealthy individuals and families, he said.

"I took the job because of the growth opportunities it presents," he said. "The opportunity to work in a smaller but faster-growing environment was very attractive. One of the things that impressed me was the quality and experience of the people."

Before joining Mercantile, he held jobs at Shearson Lehman Hutton, BankAmerica Capital Markets Group, and Chase Econometrics. He spent seven years at Baltimore-based Mercantile as chief economist.

Mr. Donabedian established Mercantile's first international equity mutual fund, and was responsible for forecasting global economic and market trends.

Rothschild/Pell Rudman is a subsidiary of Boston-based United Asset Management Corp. The Pell Rudman organization manages about $2.8 billion in assets.

Pub Date: 4/24/96

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