Perspecta Trust, the New Hampshire-based trust and wealth management firm, has promoted Scott Baker to president, and hired Todd Mayo as a principal.

Baker succeeds Paul Montrone, who has been president of the firm since it was founded in 2007. Montrone will remain as chairman and chief executive.

Baker has 20 years of experience in the wealth management industry and joined Perspecta in 2009 after a career with Goldman Sachs and Citigroup in New York City.

Mayo joins Perspecta from the law firm Cleveland, Waters & Bass, where he headed the firm’s trusts and estates practice. Prior to that, Mayo served as president of Cambridge Trust of New Hampshire.   

Perspecta Trust provides wealth transfer planning, investment management, trustee and other fiduciary services to high net worth individuals and families.