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Boston Private Financial Holdings has appointed its chief executive, Clayton Deutsch, as CEO of its bank subsidiary, Boston Private Bank & Trust.
December 18 -
Boston Private Financial Holdings' president, Mark Thompson, has announced plans to retire at the end of the year.
November 9 -
State Street has agreed to buy General Electric's asset management unit for as much as $485 million.
March 30
Boston Private Financial Holdings appointed its bank president, George Schwartz, to the newly created position of chief executive of its private banking group.
The $7.3 billion-asset company said Schwartz will be responsible in his new role for the overall strategic direction of the group, including deposit and cash management, residential mortgage and commercial lending.
Schwartz will remain president of Boston Private Bank & Trust and will report to Clayton Deutsch, the bank's chief executive and the holding company's president and chief executive.
Schwartz joined Boston Private in 1998 and has also been the company's chief operating officer and treasurer.
Additionally, Boston Private named James Brown and Torrance Childs co-presidents of its private banking group, reporting to Schwartz, and Childs was named to the board of Boston Private Bank & Trust. Brown will retain his current position as head of the bank's commercial banking group and Childs will also retain his position as national director of deposit management.
The promotions are the latest move among Boston Private's executive ranks.
Boston Private is scheduled to report first-quarter results on April 20.
