WELLESLEY, Mass.--(BUSINESS WIRE)--Wellesley Bank and its subsidiary Wellesley Investment Partners, announced the appointment of William J. Cadigan as President of Wellesley Investment Partners, LLC (WIP). Cadigan brings thirty-five years of experience in investment management to WIP. Earlier in his career he was a Senior Vice President at Smith Barney in the Dallas, Chicago and New York City offices. He was later appointed the Global Head of the Private Client Services group for Credit Suisse First Boston headquartered in New York City and Boston. He subsequently founded Cadigan Capital Management, LLC, managing investment portfolios for high net worth individuals. WIP Chairman Thomas J. Fontaine noted that "Bill is an accomplished investment management professional who has the ideal background to lead our growing team of investment professionals. We look forward to his efforts to expand our client base, strengthen the firm's offerings and further our extraordinary client service experience." Cadigan is a graduate of Amherst College and resides with his family in Wellesley.
Wellesley Investment Partners is an independent Registered Investment Advisor and is a wholly owned subsidiary of Wellesley Bank. WIP provides discretionary investment management services to individuals, not for profit organizations, institutions, endowments and other Registered Investment Advisors.
Established in 1911, Wellesley Bank is a Massachusetts chartered stock cooperative bank, with total assets of $303.1 million, total deposits of $245.2 million and total equity of $22.7 million at December 31, 2011. Wellesley Bank is a community-oriented financial institution offering traditional financial services, including competitive banking products and investment management services, within its local communities through its executive office and two full service offices located in Wellesley, Massachusetts. Wellesley Bank is a wholly owned subsidiary of Wellesley Bancorp, Inc. (Nasdaq Capital Market: WEBK).
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50194932&lang=en