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Boston makes new appointment to board of directors

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Boston Private Financial Holdings has appointed Gloria C Larson to its Board of Directors. 

Larson was also elected to the Board of Directors of Boston Private Bank & Trust Company, a wholly owned subsidiary of the Company.

"It is a great pleasure to welcome Gloria to our Board of Directors," says Stephen M Waters, Chairman of the Board of Directors of the Company and the Bank. “Gloria is an accomplished leader, and her deep ties in the Boston community, as well as her public company and financial sector experience, will be significant to the Board as we continue to focus on our strategic goal of becoming the best national wealth management and private banking company.”

“The Company has been extremely fortunate to be able to add strong talent and leadership to our Board over the past year,” says Clayton G Deutsch, CEO and President of the Company. “The Board has been focused on building its roster to support the Company’s strategy for the future, and we are excited about having added Donna Wells, Daniel P Nolan and Brian Shapiro as Board members in 2014. All three of these individuals bring a wealth of knowledge to our Company in the areas of technology, marketing, financial and risk management, strategy, and building wealth management businesses. Donna and Brian also provide us with excellent perspective on our west coast markets, which are a priority for our Company. With the addition of Gloria, we have a Board that is strategically focused, well versed in our industry, and ready to propel us into our next chapter.”

Larson is the President of Bentley University, one of the nation’s leading business schools. Among other non-profit positions, Larson currently serves on the Boston 2024 Executive and College and University Engagement Committees. She previously served as co-chairperson of the Government Practices Group of the law firm Foley Hoag LLP and coordinator for its Administrative Practices Group. Prior to joining Foley Hoag, she served as Secretary of Economic Affairs and as Secretary of Consumer Affairs and Business Regulation for the Commonwealth of Massachusetts, and prior to that was Deputy Director of Consumer Protection for the Federal Trade Commission.

Wells was elected to the Board of Directors of the Company and the Bank on 11 July, 2014, as previously disclosed. She is President and CEO of Mindflash Technologies, a Palo Alto, California based company which provides a cloud based platform for online training with over 1,000 customers including McDonalds, Microsoft, Airbnb, Lufthansa and the Four Seasons Hotels and Resorts. Her focus has been on innovation and in 2013 Mindflash produced the industry's first engagement recognition software for the iPad. Prior to Mindflash, Wells was CMO for Mint.com, and previously led client acquisition/retention, brand-building and product development for organisations ranging from start-ups to global brands, including Expedia, myCFO, Intuit, Charles Schwab and American Express.

Nolan was elected to the Board at the 2014 Annual Meeting of Shareholders, as previously disclosed, and also to the board of directors of the Bank at the same time. He is President and CEO of Hugh Johnson Advisors, LLC, a registered investment advisor located in Albany, New York.  Nolan is also a principal in NPV Capital LLC, a private equity and real estate investment firm that he formed. Prior to holding these positions, he was a partner in Ayco Company, LP, a wholly owned subsidiary of Goldman Sachs. During his twenty-eight year career at Ayco, Nolan provided tax, investment and financial planning advice to Ayco’s highest net worth clients. He previously served on the board of a regional bank, and is a trustee of Albany Law School as well as The College of St Rose.

Shapiro was elected to the Board at the 2014 Annual Meeting of Shareholders, as previously disclosed, and also to the board of directors of the Bank. He is a CPA and is the Managing Partner of The Shapiro Group, a Los Angeles based boutique CPA firm that he founded over 30 years ago. The firm specializes in strategic planning for taxes, investments and business decisions of high net worth individuals, pass-thru entities and corporations. Prior to forming The Shapiro Group,  Shapiro served as Tax Manager for Arthur Young & Company. He is active in Los Angeles philanthropic groups including, The Water Buffalo Club, University of Wisconsin Foundation and the Big Ten Club of Southern California.  

Waters says: “Board refreshment and expansion have been priorities for many public companies over the past decade, and we feel very fortunate to have been able to attract the superb level of talent, community engagement and experience that we have in these four directors. They bring the precise skill sets and industry acumen that will position our Company to tackle the next phase of our growth with deep expertise, energy and innovative approaches.”

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