Cambridge Trust picks new chief for New Hampshire

FWR Staff

24 April 2008

Todd Mayo will work closely with outgoing N.H. president William Morrison. Cambridge, Mass.-based Cambridge Trust has made Todd Mayo, previously a director with the law firm Cleveland Waters and Bass, president of Cambridge Trust Company of New Hampshire.

Mayo will replace William Morrison, who is slated to retire in June 2008. Until then the two will be working closely together. For that matter Morrison will be sticking around Cambridge Trust "in an advisory capacity" after his formal departure, according to a company press release.

Specific needs

"Todd is a valuable addition to our team," says Michael Duca, head of Cambridge Trust's wealth-management division. "His extensive knowledge and experience with tax and financial ventures will be invaluable for our clients, and address the specific needs of growing our New Hampshire wealth-management business."

At Concord, N.H.-based Cleveland Waters and Bass, Mayo advised high-net-worth individuals and families on trust and estate matters, and counseled individuals, privately-held businesses and tax-exempt organizations on matters related to federal and New Hampshire taxes.

Cambridge Trust is a full-service bank with nine retail branches and one wealth-management office in Massachusetts. Cambridge Trust Company of New Hampshire focuses on wealth management, has offices in Concord and Exeter, N.H., and manages about $1.5 billion. -FWR

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