Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) (the
"Company" or "BPFH") today announced the appointment of Gloria C.
Larson to its Board of Directors. Ms. Larson was also elected to
the Board of Directors of Boston Private Bank & Trust Company,
a wholly owned subsidiary of the Company.
"It is a great pleasure to welcome Gloria to our Board of
Directors," said Stephen M. Waters, Chairman of the Board of
Directors of the Company and the Bank. “Gloria is an accomplished
leader, and her deep ties in the Boston community, as well as her
public company and financial sector experience, will be significant
to the Board as we continue to focus on our strategic goal of
becoming the best national wealth management and private banking
company.”
“The Company has been extremely fortunate to be able to add
strong talent and leadership to our Board over the past year,” said
Clayton G. Deutsch, CEO and President of the Company. “The Board
has been focused on building its roster to support the Company’s
strategy for the future, and we are excited about having added
Donna Wells, Daniel P. Nolan and Brian Shapiro as Board members in
2014. All three of these individuals bring a wealth of knowledge to
our Company in the areas of technology, marketing, financial and
risk management, strategy, and building wealth management
businesses. Donna and Brian also provide us with excellent
perspective on our west coast markets, which are a priority for our
Company. With the addition of Gloria, we have a Board that is
strategically focused, well versed in our industry, and ready to
propel us into our next chapter.”
Ms. Larson is the President of Bentley University, one of the
nation’s leading business schools. Among other non-profit
positions, Ms. Larson currently serves on the Boston 2024 Executive
and College and University Engagement Committees. She previously
served as co-chairperson of the Government Practices Group of the
law firm Foley Hoag LLP and coordinator for its Administrative
Practices Group. Prior to joining Foley Hoag, she served as
Secretary of Economic Affairs and as Secretary of Consumer Affairs
and Business Regulation for the Commonwealth of Massachusetts, and
prior to that was Deputy Director of Consumer Protection for the
Federal Trade Commission.
Ms. Wells was elected to the Board of Directors of the Company
and the Bank on July 11, 2014, as previously disclosed. She is
President and CEO of Mindflash Technologies, a Palo Alto,
California based company which provides a cloud based platform for
online training with over 1,000 customers including McDonalds,
Microsoft, Airbnb, Lufthansa and the Four Seasons Hotels and
Resorts. Her focus has been on innovation and in 2013 Mindflash
produced the industry's first engagement recognition software for
the iPad. Prior to Mindflash, Ms. Wells was CMO for Mint.com, and
previously led client acquisition/retention, brand-building and
product development for organizations ranging from start-ups to
global brands, including Expedia, myCFO, Intuit, Charles Schwab and
American Express.
Mr. Nolan was elected to the Board at the 2014 Annual Meeting of
Shareholders, as previously disclosed, and also to the board of
directors of the Bank at the same time. He is President and CEO of
Hugh Johnson Advisors, LLC, a registered investment advisor located
in Albany, New York. Mr. Nolan is also a principal in NPV Capital
LLC, a private equity and real estate investment firm that he
formed. Prior to holding these positions, he was a partner in Ayco
Company, L.P., a wholly owned subsidiary of Goldman Sachs. During
his twenty-eight year career at Ayco, Mr. Nolan provided tax,
investment and financial planning advice to Ayco’s highest net
worth clients. He previously served on the board of a regional
bank, and is a trustee of Albany Law School as well as The College
of St. Rose.
Mr. Shapiro was elected to the Board at the 2014 Annual Meeting
of Shareholders, as previously disclosed, and also to the board of
directors of the Bank. He is a CPA and is the Managing Partner of
The Shapiro Group, a Los Angeles based boutique CPA firm that he
founded over 30 years ago. The firm specializes in strategic
planning for taxes, investments and business decisions of high net
worth individuals, pass-thru entities and corporations. Prior to
forming The Shapiro Group, Mr. Shapiro served as Tax Manager for
Arthur Young & Company. He is active in Los Angeles
philanthropic groups including, The Water Buffalo Club, University
of Wisconsin Foundation and the Big Ten Club of Southern
California. Mr. Waters commented, “Board refreshment and expansion
have been priorities for many public companies over the past
decade, and we feel very fortunate to have been able to attract the
superb level of talent, community engagement and experience that we
have in these four directors. They bring the precise skill sets and
industry acumen that will position our Company to tackle the next
phase of our growth with deep expertise, energy and innovative
approaches.”
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.
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.
Boston Private Financial Holdings, Inc.Steven Gaven,
617-912-3793Vice President, Director of Investor
Relationssgaven@bostonprivate.com
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