Boston Private Completes Leadership Transition at Boston Private Bank & Trust
December 17 2015 - 4:01PM
Business Wire
Boston Private Financial Holdings, Inc. (Nasdaq: BPFH) today
announced that Clayton G. Deutsch, Chief Executive Officer of
Boston Private Financial Holdings, has been appointed Chief
Executive Officer of Boston Private Bank & Trust effective
January 1, 2016. The Boston Private Bank & Trust CEO position
was previously held by Mark D. Thompson, who earlier this year
announced his plans to retire at the end of 2015.
In appointing Mr. Deutsch as the CEO of the Bank, a wholly owned
subsidiary of the Company, the Board has asked Mr. Deutsch to lead
a more streamlined executive team in the development and expansion
of Boston Private’s integrated Wealth Management, Trust and Private
Banking model in our select markets nationally.
“Our primary objective is to become our clients’ most trusted
advisor,” said Stephen M. Waters, Chairman of Boston Private
Financial Holdings. “This structure is aligned directly with our
focus on delivering an integrated and complete client experience.
It will allow us to move faster on our clients’ behalf and become
even more responsive and thoughtful in serving every aspect of our
clients’ banking and wealth management needs. We’re looking forward
to an exciting new year of growth with our leadership team in place
and talented colleagues across the organization.”
Mr. Deutsch has served as CEO of Boston Private Financial
Holdings since August 2010. He has more than 30 years of financial
services experience and sits on the Board of Directors of Boston
Private Financial Holdings, as well as on the Boards of each of the
Company’s affiliates.
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 $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 StatementsCertain
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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version on businesswire.com: http://www.businesswire.com/news/home/20151217006402/en/
Sloane & Co.John Hartz,
857-598-4779jhartz@sloanepr.comorBoston Private Financial Holdings,
Inc.Steven Gaven, 617-912-3793Vice President, Corporate Finance and
Director of Investor Relationssgaven@bostonprivate.com
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