CAMBRIDGE, Mass.--(BUSINESS WIRE)--Cambridge Bancorp (NASDAQ: CATC) and its subsidiary, Cambridge Trust Company, today announced the appointment of Marc Gearin as Senior Vice President – Private Banking with responsibility for acquiring and developing new high net worth client relationships, both personal and commercial. The appointment is part of Cambridge Trust’s continuing initiative to make strategic hires in support of its expanded banking and wealth management offering.
“Cambridge Trust’s reputation in providing superior, integrated banking and wealth management solutions is based in great part on the expertise of our private bankers, who are among the most proficient in the industry,” said Mark D. Thompson, President and Director of Cambridge Trust. “Marc Gearin is a tremendous addition to our team. His knowledge of private banking strategies and three decades of experience here in Boston will enable him to join his colleagues in delivering an unparalleled level of service to our clients.”
During the past two years, Cambridge Trust has been bolstering its Private Banking business not only by drawing upon its existing capabilities and personnel, but also by adding to its product and service capabilities and hiring veteran bankers from Boston and elsewhere to meet the growing wealth management needs of high net worth individuals, families and business owners.
Gearin joins Cambridge Trust from Bank of New York Mellon Wealth Management’s Boston office, where he had served as a Vice President-Private Banking since 2009 with responsibility for developing customized lending solutions for ultra-high net worth clients. Previously, he served as a Vice President in Wells Fargo’s Private Mortgage Banking unit, where he worked closely in coordinating lending activities with the bank’s Wealth Management Group.
Earlier in his career, Gearin held senior roles with GuardHill Financial Inc. and Boston Private Bank and Trust Company. He began his career with Boston Five Cents Savings Bank.
Gearin holds a B.A. degree in economics from Connecticut College and an MBA degree from Suffolk University in Boston. He is a member of the Longwood Cricket Club and the Boston College Club.
About Cambridge Bancorp
Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 128-year-old Massachusetts chartered commercial bank with $1.9 billion in assets and 10 Massachusetts locations in Cambridge, Boston, Belmont, Concord, Lexington, and Weston. Cambridge Trust Company is one of New England’s leaders in private banking and wealth management with $3.1 billion in client assets under management and administration. The Wealth Management group maintains offices in Boston, Massachusetts and Concord, Manchester and Portsmouth, New Hampshire.