George Schwartz, CEO
Boston Private Bank recently announced a slate of executive leadership promotions.
“At the heart of Boston Private’s strategy is our goal of being our client’s most trusted advisor,” CEO Clayton Deutsch said in a statement. “These executives all have long-term tenure with the company, each demonstrating extraordinary leadership abilities and a commitment to providing our clients with advice, expertise and an integrated private banking and wealth management experience.”
George Schwartz, president of Boston Private Bank & Trust Co., was promoted to the newly created position of CEO of the Private Banking Group. He joined Boston Private Bank’s leadership team in 1998 and since then has helped grow the organizations from $300 million to $7 billion. He has held roles including chief operating officer and treasurer, and he has been responsible for deposit management, CRA, mortgage, trust, treasury, marketing, technology, geographic expansion and developing the bank’s client service model.
In this new role, Schwartz is responsible for the overall strategic direction of the private banking group, including the deposit and cash management, residential mortgage and commercial lending business lines. He will report directly to Deutsch.
James Brown and Torrance Childs have been named co-presidents of the private banking group. These are newly created positions, reporting to Schwartz. Brown will continue to lead Boston Private’s commercial banking group, and Childs retains his position as the company’s national director of deposit management. Childs was also named to Boston Private Bank’s board of directors.
Gisela LoPiano and Robert Nentwig have each been promoted to executive vice president in the commercial banking group. LoPiano serves as the commercial banking group’s East Coast market leader and Nentwig as the group’s West Coast market leader.
Nicholas Hofer has been promoted to executive vice president in the private clients group, based out of Boston Private’s San Francisco and San Mateo, California, offices. Hofer continues to serve as the company’s West Coast market leader.
