Two-year-old Fieldpoint Private Bank & Trust has a new president and chief executive in longtime Citigroup Inc. wealth-management executive Robert Matthews. He replaces Kevin McCabe, who left the bank in January.
Matthews spent nearly 25 years with Citi and its brokerage unit Smith Barney, starting as a financial adviser and ultimately managing its wealth-advisory platform. He left Citi in July 2008 and worked for Aquiline Capital Partners, a private-equity firm, from early 2009 until last month.
In a press release, Fieldpoint's board chairman Daniel Donahue said that Matthews' background "is perfectly matched" for the fledgling private bank. "He has a long track record of building and managing innovative and global wealth management and private banking platforms," he added.
Multifamily office Bessemer Trust recently hired former Fieldpoint Private Bank & Trust executive Charles Bryceland to bring in new business for its New York office.
Greenwich, Conn.-based Fieldpoint has $345 million in assets, $300 million in deposits, and nearly $200 million in loans.