Fieldpoint Private Bank & Trust has announced thatRobert S Matthews is its new president and chief executive officer following a six-month deliberation process.

Matthews, who previously oversaw Citigroup's Global Wealth Advisory Services unit, assumed his new role in 30 June. He takes over fromKevin McCabe.

"The marketplace is now searching for safe harbors and relationship-driven business models which bodes well for Fieldpoint Private as a flourishing boutique financial firm," said Matthews in a statement. "I'm grateful to serve every member in our shared mission to exceed expectations in responsiveness, service and performance."

The company said it is looking to expand its operations on a more national level. At present, it provides private banking, business banking, wealth management & trust services, among others, to the high net worth community of Greenwich, Connecticut. At the celebration for its second anniversary recently, the bank announced that it now has around $345 million in assets.