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Boston Private Makes Leadership Promotions
Eliane Chavagnon
11 April 2016
Boston Private has made a series of promotions as it implements a new leadership structure. George Schwartz, president of Boston Private Bank & Trust Company, will take on the newly-created position of CEO of the Private Banking Group, reporting to Clayton Deutsch, chief executive of Boston Private. James Brown and Torrance Childs have been appointed as co-presidents of the Private Banking Group. These are newly-created roles in which they will report to Schwartz. Brown will continue leading Boston Private's commercial banking group while Childs retains his role as the company's national director of deposit management. Schwartz, Brown and Childs are responsible for the overall strategic direction of the Private Banking Group. Alongside Corey Griffin, CEO of Boston Private Wealth - born from Boston Private's acquisition of Banyan Partners - together they will focus on delivering an “integrated private banking and wealth management experience,” the firm said. All four are based in Boston, MA. Meanwhile, Gisela LoPiano and Robert Nentwig have each been promoted to executive vice president in the commercial banking group, with LoPiano overseeing the East Coast and Nentwig the West Coast. Nicholas Hofer - the company's West Coast market leader - has been promoted to executive vice president in the private client group. His time is spent across San Francisco and San Mateo, CA. LoPiano, Nentwig and Hofer are also charged with leading Boston Private's client development strategy. Boston Private has 34 offices across the US including in 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.