Investor Relations

Press Release

Boston Private Names Paul M. Simons Chief of Corporate Strategy and Development

Company Release - 12/20/2018 9:00 AM ET

BOSTON--(BUSINESS WIRE)-- Boston Private, a leading provider of fully integrated wealth management, trust and private banking services, announced today the appointment of Paul M. Simons as Executive Vice President and Chief of Corporate Strategy and Development. Mr. Simons will be responsible for developing and executing strategic plans for growth at the company. This is a newly created role reporting directly to CEO Anthony DeChellis.

Mr. Simons has more than 30 years of leadership experience and expertise across multiple aspects of financial services, including wealth management, private banking, family office, asset management, financial technology, investment banking and client relationship management. Mr. Simons has experience with companies of various business models and organizational size, with a specialty in identifying and executing on opportunities for growth and transformation.

“I’m extremely pleased to have Paul join our team, as he has always exemplified the ability to inform and achieve strategic change,” said Anthony DeChellis, CEO of Boston Private. “Boston Private is poised for expansion and we’re looking forward to having Paul onboard to help lead the effort.”

From May 2017 to November 2018, Mr. Simons served as Managing Director of an institutional securities firm, leading the development of a new business to diversify the firm’s revenue streams and deliver bespoke managed investment solutions to high-net-worth families. Prior to that, Mr. Simons served as provisional CEO for a financial information and technology company, where he led the creation of a digital investment and advanced data & analytics platform for investors, advisors and financial institutions.

From 2006 to 2011, Mr. Simons worked at Credit Suisse in a range of high-level positions. Beginning with the company as Managing Director and Head of the Americas Client Solution Group, he was recruited to a newly created role overseeing the implementation of the company’s integrated bank strategy across Private Banking, Investment Banking and Asset Management within the Americas region. Mr. Simons was then promoted to Managing Director and Co-Head of Private Banking USA, where he worked closely with Boston Private’s current CEO, Anthony DeChellis, who at the time served as CEO of Credit Suisse’s Private Bank Americas. From 1988 to 2006, Mr. Simons held various positions at Merrill Lynch, including Managing Director of Global Markets and Investment Banking, and was part of the executive team responsible for the construction and growth of Merrill Lynch’s Private Banking and Investment Group, a new Private Wealth business at the time.

Mr. Simons graduated from Duke University with a bachelor’s degree in political science, and completed the Executive Leadership Program at the University of Pennsylvania’s Wharton School of Business. He serves on the board of directors for Intonation Music Workshop, a nonprofit music education initiative, and as a trustee of Millbrook School, a private coeducational boarding school in Millbrook, N.Y.

About Boston Private

Boston Private is a leading provider of fully integrated wealth management, trust and private banking services. For over 30 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, Palm Beach and Naples. Private banking and trust services are provided through Boston Private Bank & Trust Company, a Massachusetts Chartered 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

Private Banking and Trust services are offered through Boston Private Bank & Trust Company, a Massachusetts Chartered Trust Company. Wealth Management services are offered through Boston Private Wealth LLC, an SEC Registered Investment Adviser and wholly owned subsidiary of Boston Private Bank & Trust Company.

Investments are Not FDIC Insured, Not Guaranteed and May Lose Value.

MEDIA CONTACT:
Lucy Muscarella
617-912-4402
lmuscarella@bostonprivate.com

INVESTOR CONTACT:
Adam Bromley
617-912-4386
abromley@bostonprivate.com

Source: Boston Private

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