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.
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SOURCE Boston Private Bank & Trust Company