Brookline Bancorp Launches Clarendon Private, Boston’s Newest Investment and Wealth Management Company
Clarendon Private is led by President and Chief Executive Officer, Marc A. White, Jr., who brings over four decades of leadership experience in financial services building private banking and wealth management businesses. He spent much of his career at two major global investment firms; J.P. Morgan and Credit Suisse First Boston. In 2005, Mr. White joined J.P. Morgan Private Bank as CEO for New England. There, he was responsible for building and leading the Wealth Management business growing the team to sixty professionals and over $10 billion in assets during his twelve-year tenure. Prior to that, he served as Executive Vice President and Managing Director of Fleet’s Private Client Group. Before Fleet, Mr. White spent sixteen years at Credit Suisse First Boston rising to Managing Director of the New England Region. Most recently, he served as Chief Executive Officer and President of ETHIC where he oversaw turnaround, expansion, and recruitment strategies for the company.
“As we launch Clarendon Private, we are driven by one simple truth; no two investors are alike, and their portfolios should not be either,” commented Mr. White. “At Clarendon Private, we streamline the path to every family’s unique financial goals by delivering comprehensive wealth management solutions and exceptional relationship-based service. We are committed to listen, learn and understand each of our clients’ needs, and introduce services and solutions that address those needs.”
Clarendon Private’s leadership team includes industry veterans Tracy L. Welch, Managing Director & Head of Wealth Advisory, and Matthew S. Morse, CFA, Chief Equity Strategist & Portfolio Manager. Ms. Welch brings over two decades of experience in financial services and wealth management, and has extensive client relationship management expertise. Most recently, she worked at Eaton Vance WaterOak Advisors helping individuals and families define and achieve their personal financial goals. Prior to Eaton Vance, Ms. Welch was a Managing Director at Credit Suisse in the Global Markets division.
Mr. Morse, the Chief Equity Strategist, brings over 20 years of investment management experience to Clarendon Private. He began his investment career at Capital Group where he honed his disciplined investment process that seeks to capitalize on opportunities across sectors to deliver superior investment results. Over the past decade, Mr. Morse’s investment strategies helped generate over $3 billion of new client asset growth during his tenure as Chief Investment Officer at Eaton Vance Investment Counsel and Director of Investments at Crestwood Advisors. He oversees the investment process and manages Clarendon Private’s Equity and ESG strategies.
“Brookline Bancorp has built a legacy of consistent financial strength, …….