Boston Private lines up next CEO
Boston Private Financial Holdings has found its next leader.
The $8.6 billion-asset company said in a press release on Monday that it Anthony DeChellis will become its CEO on Nov. 26. He will also become CEO of unit Boston Private Bank & Trust.
DeChellis will succeed Clayton Deutsch, who will retire after eight years leading the company. The appointment is part of a planned succession process that started over a year ago, Boston Private said.
“Our company today is very strong, and I look forward to what Anthony and our team will accomplish next,” Deutsch said in the release. “I could not ask for a better successor. Anthony’s skills, experience, and genuine passion for our work will ensure the continued success of Boston Private.”
Deutsch said he will work with DeChellis, who was CEO of Credit Suisse’s Private Bank Americas until 2013, and the board to ensure a smooth transition. Before joining Boston Private, DeChellis was president of OurCrowd, an equity crowdfunding platform, and head of private wealth management at UBS.
“I have followed Boston Private’s growing success and quality of work closely over the years and am honored to have the opportunity to serve as its next CEO,” DeChellis said in release. “Going forward, we will continue to evolve our platform as we remain intensely focused on ensuring our client experience is among the most compelling and competitive in the industry.”
DeChellis, who will be based in Boston, will also join Boston Private's board.