Boston Private Adds Mark Furlong and Joseph Guyaux to Board of Directors
September 29 2016 - 4:07PM
Business Wire
Boston Private Financial Holdings, Inc. [NASDAQ: BPFH] today
announced the appointments of Mark F. Furlong and Joseph C. Guyaux
to its Board of Directors, effective immediately. Messrs. Furlong
and Guyaux were also elected to the Board of Boston Private Bank
& Trust Company, the wholly-owned banking subsidiary of the
Company.
“We are very fortunate to have Mark Furlong and Joe Guyaux join
Boston Private’s Board of Directors,” said Stephen M. Waters,
Chairman of the Board of Directors. “Having recently helped
transform BMO Harris Bank’s brand in the U.S., Mark has a unique
and deep understanding of many of the issues our board addresses.
Joe Guyaux managed nearly every line of business at PNC Bank while
helping to grow the organization’s retail banking business during
an impressive career that spanned forty-four years at PNC. Boston
Private will benefit immensely from Mark and Joe’s experience and
expertise.”
Mr. Furlong is retired from BMO Harris Bank N.A., where he
served as President and Chief Executive Officer from 2011 to 2015.
He previously served as Marshall & Ilsley's Chairman from 2010
to 2011, Chief Executive Officer from 2007 to 2011, President from
2004 to 2011, and Chief Financial Officer from 2001 to 2004. Prior
to joining Marshall & Ilsley, he worked at Old Kent Financial
Corporation serving as Chief Financial Officer from 1998 to 2001.
He also held several leadership positions at H.F. Ahmanson &
Company, Deloitte and KPMG. Mr. Furlong is a CPA and graduate of
Southern Illinois University and currently serves as a member of
the Board of Directors of Kforce and Antares Capital.
Mr. Guyaux is retired from PNC Financial Services Group, Inc.,
where he worked for 44 years, and served as President from 2002 to
2012. Most recently, he served as President and CEO of PNC Mortgage
from 2015 to 2016. Prior to this appointment, he held several
senior leadership positions at PNC Financial Services Group
including Chief Risk Officer from 2012 to 2015, and Head of Retail
Banking from 2005 to 2012. He is a graduate of Brown University and
received an MBA from the University of Pittsburgh. Mr. Guyaux is
Chairman of the Board of DQE Holdings LLC, Duquesne Light Company,
and Highmark Health, and serves as a Life Trustee for Carnegie
Museums of Pittsburgh.
Clayton G. Deutsch, Chief Executive Officer of Boston Private
stated, “Mark and Joe have been highly respected executives and
industry leaders for decades, and this experience will be
invaluable in many areas including Boston Private’s focus on wealth
management, private banking, risk management, and community
engagement. Their addition to our Board reflects our deep
commitment to adding strong talent to support Boston Private’s
expansion and growth.”
Boston Private Financial Holdings,
Inc.
Boston Private Financial Holdings, Inc. is a national financial
services organization that owns Wealth Management and Private
Banking affiliates with offices in Boston, New York, Los Angeles,
San Francisco, San Jose, Florida, Wisconsin, Texas and the
Washington D.C. area. The Company has a Private Banking balance
sheet of greater than $7 billion, and manages approximately $27
billion of client assets.
The Company positions its affiliates to serve the high net worth
marketplace with high quality products and services of unique
appeal to private clients. The Company also provides strategic
oversight and access to resources, both financial and intellectual,
to support affiliate management, marketing, compliance and legal
activities. (NASDAQ: BPFH)
For more information about BPFH, visit the Company's website at
www.bostonprivate.com.
Forward-Looking Statements
Certain statements in this press release that are not historical
facts may constitute forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as
amended, and are intended to be covered by the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties. These
statements include, among others, statements regarding our
strategy, and prospects for growth. You should not place undue
reliance on our forward-looking statements. You should exercise
caution in interpreting and relying on forward-looking statements
because they are subject to significant risks, uncertainties and
other factors which are, in some cases, beyond the Company's
control. Forward-looking statements are based on the current
assumptions and beliefs of management and are only expectations of
future results. The Company's actual results could differ
materially from those projected in the forward-looking statements
due to many factors including changes in assumptions used in making
such forward-looking statements, and the other risks and
uncertainties detailed in the Company's Annual Report on Form 10-K
and updated by the Company's Quarterly Reports on Form 10-Q and
other filings submitted to the Securities and Exchange Commission.
Forward-looking statements speak only as of the date on which they
are made. The Company does not undertake any obligation to update
any forward-looking statement to reflect circumstances or events
that occur after the date the forward-looking statements are
made.
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Media Contact:Steve
Brownellsbrownell@bostonprivate.com617.912.4402orInvestor
Contact:Adam Bromley(617)
912-4386abromley@bostonprivate.com
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