People Moves

Change At The Top Of Boston Private Wealth

Eliane Chavagnon Editor - Family Wealth Report 28 October 2015

Change At The Top Of Boston Private Wealth

Boston Private Wealth has a new chief executive, chief operating officer and chief investment officer.

Boston Private Wealth – born from Boston Private's acquisition of Banyan Partners last year – has named its chief operating officer, Corey Griffin, as its new chief executive.

Additionally, Scott Dell'Orfano – currently chief strategic officer – has been appointed as Boston Private Wealth's new COO, while Thomas Anderson has been named as chief investment officer.

As previously reported, Mark Thompson was named as CEO of Boston Private Wealth in June of this year. Family Wealth Report understands that he took on the position of dual-CEO of Boston Private Wealth and Boston Private Bank to guide the organizations through the integration process following the Banyan Partners acquisition. One of his responsibilities was to identify a CEO successor for Boston Private Wealth.

As CEO of Boston Private Wealth, Griffin will work alongside Clayton Deutsch and Mark Thompson, CEO and president of Boston Private Financial Holdings, respectively. Thompson is also CEO of Boston Private Bank & Trust Company, Boston Private Wealth's parent company. (Boston Private Wealth is the entity that combined Banyan Partners with the wealth management and trust division of Boston Private Bank & Trust Company.)

Griffin joined Boston Private in 2014 as head of corporate development and wealth management strategy. He is the former president of The Davis Companies, an institutional real estate investment manager, and former chairman and CEO of The Boston Company Asset Management, a subsidiary of Bank of New York Mellon. 

Before joining Banyan Partners, which was acquired by Boston Private Wealth in 2014, Dell'Orfano was executive vice president of Fidelity Institutional Wealth Services Group, where he oversaw the growth of Fidelity's RIA business to $600 billion in RIA-custodied assets from $100 billion over an eight-year period.

Anderson will continue in his role as executive managing director of wealth management for the West Coast division of Boston Private Wealth. He was previously CIO at Boston Private Bank & Trust Company; served as head of a global strategy and research team for the ETF business at State Street Global Advisors; and led the investment team for the charitable asset management group at State Street Global Advisors.

Click here for an interview with Boston Private, just after it acquired Banyan Partners last year.

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