Mark E. McCarron, CFA Joins McCabe Capital Managers as Vice President, Chief Investment Strategist

KING OF PRUSSIA, PA--(Marketwire - Jun 28, 2011) - McCabe Capital Managers, Ltd. ("McCabe Capital"), a privately-held firm providing investment management and advisory services to high-net-worth individuals and families, trusts, charitable organizations, pension funds, and corporations since 1982, recently announced the hiring of Mark E. McCarron, CFA, as Vice President, Chief Investment Strategist. Mr. McCarron brings 17 years of experience to his new role at McCabe Capital, where he will be responsible for designing and directing investment and asset management strategies, managing client portfolios and relationships, and overseeing the manager selection process.

"We are very pleased to have someone with Mark's background. He brings impressive leadership credentials, extensive research knowledge, and a strong client service background to our organization," said James L. McCabe, President of McCabe Capital. "We're confident that Mark will enhance our team's ability to provide the highest level of service and investment advice that our clients have come to expect."

Mr. McCarron has spent his entire career at SEI Investments. Most recently, he served as Managing Director, Global Head of Client Investment Strategy and also served as lead investment strategist to SEI's largest global clients. In 1999, Mr. McCarron relocated to London where he was one of three founding members of the London office of SEI. There he held the titles of Managing Director, Head of London Investment Team, Client Investment Strategy - Global Private Clients, and Director of Manager Research, Portfolio Manager. In these roles he co-developed investment strategy, oversaw implementation for SEI's Global Private Clients, managed a global team of client facing investment professionals, and served on many committees contributing to the overall success of that office.

Mr. McCarron earned his B.S. in Finance with a concentration in English from Boston College. He earned the CFA designation in 1999.

Drexel Morgan & Co., a suburban Philadelphia, Pennsylvania based financial holding company acquired McCabe Capital during July 2010.

ABOUT MCCABE CAPITAL MANAGERS, LTD.
McCabe Capital Managers has provided investment management, manager selection and monitoring, asset allocation, and other financial services since its inception in 1982. The professionals at McCabe Capital help investors utilize the investment vehicles of cash, global fixed income, global equities and alternative investments¹ to craft a diversified portfolio that provides the potential for incremental return and improved risk control in bad economic times.

Within each asset class, McCabe Capital serves as a manager of managers, utilizing a screening process that evaluates managers on the basis of risk control, philosophy, process, organizational stability and research capabilities, as well as historical returns and performance relative to their peers. As a fiduciary, McCabe Capital offers personalized service to its clients with a special emphasis on discretion, privacy and confidentiality. For more information, visit www.McCabeCapital.com.

ABOUT DREXEL MORGAN & CO.
Drexel Morgan & Co. is a bank holding company whose subsidiaries' assets under management and advisement are approximately $8.0 billion². Its subsidiary, The Haverford Trust Company, is a member bank of the Federal Reserve System and is a Pennsylvania state-chartered trust company with banking powers. Through the wholly owned Haverford Trust Company, McCabe Capital Managers, Ltd., and other relationships with accounting firms, law firms and asset managers, Drexel Morgan & Co. provides today's sophisticated investors with a wide array of customized investment solutions to accomplish their financial goals and objectives. For more information, visit www.DrexelMorgan.com.

¹ Investment in alternative investment products requires that the investor meet certain suitability standards, and therefore, investment in these alternative investment products may not be suitable for all investors.
²Assets as of May 31, 2011.