Boston Private Wealth Promotes Tom Anderson to Chief Operating Officer and Shannon Saccocia to Chief Investment Officer
BOSTON--(BUSINESS WIRE)--May 15, 2018--Boston Private, a leading provider of fully integrated wealth management, trust and private banking services, announced today that it has named Shannon Saccocia as Chief Investment Officer (CIO) of Boston Private Wealth, and Tom Anderson as Chief Operating Officer (COO) of Boston Private Wealth. Ms. Saccocia most recently served as Chief Investment Strategist, and Mr. Anderson previously served in dual roles as CIO and COO.
As CIO, Ms. Saccocia will be responsible for setting the overall investment policy at Boston Private Wealth, as well as directing the firm’s investment strategy, research, portfolio management, trading, asset allocation and investment risk management functions. In her most recent role as Chief Investment Strategist, she worked closely alongside Mr. Anderson to lead the Asset Allocation Group at Boston Private Wealth, which is responsible for both strategic and tactical asset allocation for the firm’s client portfolios.
Mr. Anderson initially took on COO duties at the beginning of 2018 and will now shift from his dual role to focus solely on COO responsibilities, which include trust and client advisory services, as well as business development initiatives for the entire firm. Mr. Anderson also serves as National Head of Trust and Fiduciary Services for the firm.
Both Ms. Saccocia and Mr. Anderson will report directly to Scott Dell’Orfano, President of Boston Private Wealth.
“We are very pleased to have both Tom and Shannon positively impact growth of the Wealth team and continue to create value for our clients,” said Mr. Dell’Orfano. “They are both capable leaders who have worked closely together for the past several years, and I look forward to having them focus on their new roles with the same cohesion and encouragement they’ve already shown.”
Prior to joining Boston Private Wealth, Ms. Saccocia was Director of Manager Search and Selection for Silver Bridge Advisors, which was acquired by Banyan Partners in 2013. Boston Private Wealth acquired Banyan Partners in 2014. Prior to joining Silver Bridge, Ms. Saccocia worked at State Street Corporation, providing performance and attribution analysis for institutional investors. She holds a BA in Economics and History from Brandeis University. She holds the Chartered Financial Analyst® designation and is a Certified Investment Management AnalystSM professional. She is a member of the CFA Society Boston, the CFA® Institute, and the Investments & Wealth Institute.
Prior to joining Boston Private Wealth in 2011, Mr. Anderson was head of a global strategy and research for the ETF business at State Street Global Advisors. Additionally, Mr. Anderson led the investment team for the Charitable Asset Management group at State Street Global Advisors, with responsibility for setting asset allocation strategy and managing charitable-gift portfolios for the firm’s planned giving business. He holds a BA from Colgate University and a MBA from Boston College. He holds the Chartered Financial Analyst® designation and is a member of the CFA Society Boston and the CFA® Institute.
About Boston Private
Boston Private is a leading provider of fully integrated wealth management, trust and private banking services. For more than 25 years, Boston Private has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. Boston Private is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses.
Headquartered in Boston, Boston Private has offices across the U.S. including Boston, San Francisco, San Jose, Los Angeles and Palm Beach. Private banking and trust services are provided through Boston Private Bank & Trust Company. Wealth management services are provided through Boston Private Wealth LLC, an SEC registered investment adviser and a wholly owned subsidiary of Boston Private Bank & Trust Company.
Boston Private Bank & Trust Company is a subsidiary of Boston Private Financial Holdings, Inc. (NASDAQ: BPFH). For more information, visit www.bostonprivate.com
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KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Boston Private
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PUB: 05/15/2018 09:05 AM/DISC: 05/15/2018 09:05 AM