BOSTON, April 8, 2016 /PRNewswire/ -- Boston
Private, a leading provider of fully integrated wealth management,
trust and private banking services, announced several strategic
promotions. The moves are part of a new executive leadership
structure, and support a more unified and integrated Boston Private
organization.
"At the heart of Boston Private's strategy is our goal of being
our client's most trusted advisor," said Clayton Deutsch, CEO, Boston Private. "These
executives all have long-term tenure with the company, each
demonstrating extraordinary leadership abilities and a commitment
to providing our clients with advice, expertise, and an integrated
private banking and wealth management experience."
George Schwartz, President
of Boston Private Bank & Trust Company, assumes the newly
created position of CEO of the Private Banking Group, reporting
directly to Clayton G. Deutsch, CEO
of Boston Private. Mr. Schwartz joined Boston Private Bank's
leadership team in 1998 and has helped lead its expansion from
$300 million to $7 billion. He has
held the positions of Chief Operating Officer and Treasurer, and
has been responsible over that time for deposit management, CRA,
mortgage, trust, treasury, marketing, technology, geographic
expansion and developing the Bank's client service model.
In his new role, Mr. Schwartz is responsible for the overall
strategic direction of the Private Banking Group, including the
Deposit & Cash Management, Residential Mortgage and Commercial
Lending business lines.
James Brown and
Torrance Childs have been
named Co-presidents of the Private Banking Group. These are newly
created positions, reporting to George
Schwartz. Mr. Brown continues to lead Boston Private's
Commercial Banking Group and Mr. Childs retains his position as the
company's National Director of Deposit Management. Mr. Childs has
also been appointed to Boston Private Bank's board of
directors.
Mr. Schwartz, Mr. Brown and Mr. Childs are responsible for the
overall strategic direction of the Private Banking Group, and in
conjuction with Corey Griffin, CEO
of Boston Private Wealth, will collectively focus on delivering a
fully integrated private banking and wealth management experience.
All four are based in Boston.
Gisela LoPiano and
Robert Nentwig have each been
promoted to Executive Vice President in the Commercial Banking
Group. Ms. LoPiano serves as the Commercial Banking Group's East
Coast Market Leader and Mr. Nentwig as the Group's West Coast
Market Leader.
Nicholas Hofer has been
promoted to Executive Vice President in the Private Clients Group,
based out of Boston Private's San
Francisco and San Mateo,
Calif., offices. Mr. Hofer continues to serve as the
company's West Coast Market Leader.
Ms. LoPiano, Mr. Nentwig and Mr. Hofer are charged with leading
the execution of Boston Private's client development strategy, and
the growth and development of the Company's client base across
markets.
About Boston Private
Boston Private is a leading
provider of fully integrated wealth management, trust and private
banking services. For more than 25 years, Boston Private has taken
a highly personalized approach to serving the complex financial
needs of high-net-worth individuals, families, business owners,
private partnerships, nonprofits and community partners. Boston
Private is also an active provider of financing for affordable
housing, first-time homebuyers, economic development, social
services, community revitalization and small businesses.
Headquartered in Boston, Boston
Private has 34 offices across the U.S. including Boston, San
Francisco, San Jose,
Los Angeles and Palm Beach. Private banking and trust services
are provided through Boston Private Bank & Trust Company.
Wealth management services are provided through Boston Private
Wealth LLC, an SEC registered investment adviser and a wholly owned
subsidiary of Boston Private Bank & Trust Company.
Boston Private Bank & Trust Company is a subsidiary of
Boston Private Financial Holdings, Inc. (NASDAQ: BPFH). For more
information, visit www.bostonprivate.com.
Media Contact:
Brooks
Wallace
brooks@hollywoodpr.net
(774) 773-9571
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SOURCE Boston Private