Boston Private Financial Holdings and Boston Private Bank & Trust Join Effort to Support Workplace Equality for Women
BOSTON, Feb. 25, 2015 /PRNewswire/ -- Boston Private Financial Holdings, Inc. (BPFH) and its subsidiary, Boston Private Bank & Trust Company, today announced the companies have joined the Corporate Challenge, a groundbreaking initiative by Bentley University's Center for Women and Business to increase workplace gender equality and harness more effectively the talents of women employees. The Corporate Challenge, among the first of its kind in the nation, seeks to assess gender diversity in the workplace, recruit women to senior positions and close wage gaps.
The Corporate Challenge is an extension of the Women in the Workplace Initiative, an effort by former Massachusetts Governor Deval Patrick to advance women across the Commonwealth in both the public and private sectors. Massachusetts Governor Charles Baker has given his support to the Corporate Challenge and the effort continues to grow with more than 100 companies now having joined. Participating companies commit to define their gender-inclusiveness goals, develop strategies to meet those goals and track their progress.
"Diversity, inclusiveness and equality are core pillars of the Boston Private culture," said Clayton G. Deutsch, CEO of BPFH. "Participating in the Corporate Challenge is another way for us to bring those values to life and hold each other accountable for the benefit of our Company and our clients."
Boston Private has a long history of hiring, retaining and promoting women to leadership positions across the organization. In fact, over one-third of BPFH and Boston Private Bank's senior leaders are women. In addition, the BPFH Board of Directors recently nominated its fourth female member to join its ten-member team.
"We are proud to partner with forward-thinking Massachusetts organizations that understand that workplace gender balance is critical to the economic success of Massachusetts," said Betsy Myers, founding director of Bentley University's Center for Women and Business. "By sharing best practices and their own experiences, organizations participating in the Corporate Challenge are taking real steps to advance women in the workplace and improve their own bottom line."
About 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, Atlanta, Florida, Wisconsin, and Texas. The Company has a $7 billion Private Banking balance sheet, and manages approximately $30 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.
About Boston Private Bank & Trust Company
Boston Private Bank & Trust Company is a leading provider of fully integrated wealth management and private banking and services. For more than 25 years, Boston Private Bank has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. The Bank is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses.
Wealth Management services are provided through Boston Private Wealth LLC, an SEC registered investment adviser (RIA). Boston Private Wealth LLC is a wholly owned subsidiary of Boston Private Bank & Trust Company.
Headquartered in Boston, the Bank has 25 offices in Boston, San Francisco, San Jose and Los Angeles. Boston Private Bank & Trust Company is a subsidiary of Boston Private Financial Holdings, Inc. (NASDAQ: BPFH). For more information, visit www.bostonprivatebank.com.
About Bentley University's Center for Women and Business
The Center for Women and Business is focused on helping women reach their full potential in the workplace and helping corporations engage the full potential of talented women leaders. The Center's research and programs provide a roadmap for organizations and individuals alike to move this critical conversation forward. For more information, visit the Center's website or follow us on Twitter @BentleyCWB.
SOURCE Boston Private Bank & Trust Company
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