SOURCE: Fieldpoint Private Bank & Trust
July 07, 2010 09:11 ET
Fieldpoint Private Bank & Trust Names New President & Chief Executive Officer: Robert S. Matthews
Longtime Smith Barney/Citigroup Private Banking and Wealth Management Executive Takes Reins of Fast-Growing Member-Driven Financial Institution Ahead of New York City Expansion
GREENWICH, CT--(Marketwire - July 7, 2010) - Fieldpoint Private Bank & Trust has named Robert S. Matthews as its new President and Chief Executive Officer, effective June 30. Matthews previously served 25 years with Smith Barney and Citigroup, with executive management of its Global Private Banking, Wealth Management and Family Office services.
The announcement was made by Chairman of the Board Daniel J. Donahue following a six-month process, which included direct interviews with most of the bank's board of directors.
"Bob Matthews's experience is perfectly matched for our bank and for our Members," Donahue said. "He shares enthusiasm for our vision of top-notch service and hands-on attention to each Member's banking, wealth management, commercial and private lending, and family office needs. He has a long track record of building and managing innovative and global wealth management and private banking platforms. As we look to expand our bank from Greenwich to a national presence, we will benefit from Bob's vision and expertise."
"To lead Fieldpoint Private is both an honor and a challenge I truly look forward to," Matthews said. "Representing an international brand gave me the opportunity to build institutional teams and infrastructure catered to high net worth clients. The marketplace is now searching for safe harbors and relationship-driven business models which bodes well for Fieldpoint Private as a flourishing boutique financial firm. Fieldpoint Private has strong leadership, and I'm grateful to serve every Member in our shared mission to exceed expectations in responsiveness, service and performance."
Prior to joining Fieldpoint Private, Matthews oversaw Citigroup's Global Wealth Advisory Services. In that capacity he had direct reporting responsibility for Global Lending, Global Wealth Planning, Citigroup Family Office, Financial Planning Services, Continuing Professional Development, Executive Financial Services, Citigroup Capital Strategies, and Domestic and International Trust. Additionally Matthews served on the GWM Asset and Liability Committee as well as the Board of Directors of Citistreet.
Recently, Fieldpoint Private Bank & Trust marked its second anniversary, when it announced it had $345 million in assets, $300 million in deposits, and nearly $200 million in loans -- surpassing results of a typical de novo (startup) institution. The bank also was featured in the June 14, 2010, issue of Fortune magazine.
Matthews, a resident of Scarsdale, New York, is a graduate of Franklin & Marshall College of Lancaster, Pennsylvania.
Matthews replaces Kevin McCabe, who served as President and Chief Executive Officer through the inception and founding of Fieldpoint Private in 2008.
About Fieldpoint Private Bank & Trust
Fieldpoint Private (www.fieldpointprivate.com) offers private banking, business banking, wealth management & trust services, and family office services. Founded in 2008, Fieldpoint Private opened its doors amid a volatile financial environment, offering an innovative and secure solution to the high-net-worth community of Greenwich, Connecticut, and surrounding areas. The bank's "Member-centric" approach to service treats its clients as if they were Members of the bank, rather than simply a client or customer. In this approach, the bank seeks to best emphasize what is best for each Member, in consultation with them, helping to assure for them a sense of success in their banking and wealth management decisions. By focusing on select relationships, Fieldpoint Private aims to ensure a true commitment to impeccable service and consistently flawless execution. "You do more than bank with us, you join."