-
Boston Private Financial Holdings and its bank have shuffled some key executive posts.
April 15 -
Royal Bank of Canada's deal for City National showed that buyers will pay up for banks that cater to the wealthy. That's why First Republic, Boston Private and Signature Bank may soon find themselves facing offers they can't refuse.
February 6 -
Clayton Deutsch has spent the last several years streamlining Boston Private's past acquisitions in an effort to improve the company's profitability. With most of the cuts in place, the company is now eyeing acquisitions like the one it announced last month for Banyan Partners, a Florida investment adviser.
August 14
Boston Private Financial Holdings has given an additional title and added responsibilities to its president, Mark Thompson.
The $6.9 billion-asset company named Thompson chief executive of its Boston Private Wealth division. Thompson will retain his titles as president of Boston Private Financial and CEO of Boston Private Bank & Trust.
"We've made outstanding progress in the integration of our Wealth Management, Trust and Private Banking platforms, and we're nearing the completion of that process this month, on schedule," Clayton Deutsch, CEO of Boston Private Financial, said in a Monday news release.
Thompson has led Boston Private Bank and related divisions since the company purchased Banyan Partners in 2014. After Thompson's promotion, Peter Raimondi will remain president of Boston Private Wealth.
Also on Monday, Boston Private Wealth opened a new headquarters office at One Federal Street in Boston.
