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.
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SOURCE Boston Private