Cambridge Trust Company, a subsidiary of Cambridge Bancorp, has appointed Jeffrey Smith to succeed Jennifer Pline as head of its wealth management group, the company said.
Pline will retire at the end of June, according to a news release announcing the appointment.
An industry veteran with more than three decades of leadership experience in the New England banking market, Smith will work with a team of over 70 professionals and their colleagues to scale the firm’s private bank and wealth management firm throughout the region.
"With a growing footprint in Massachusetts and New Hampshire, we are well poised to deliver our wealth management capability to clients and prospective clients in the region," Denis K. Sheahan, chairman, president and CEO, said in the news release. "We are grateful for the years of leadership that Jennifer has delivered for our wealth management clients and are excited to welcome Jeff to build upon that foundation to lead the next phase of growth.”
Smith most recently served as senior vice president at Rockland Trust Company, which he joined in 1999 from Scudder, Stevens. He received his B.A. degree in economics from the University of Vermont, and holds CFP and CRPC designations.
In a prepared statement, Smith discussed his strategy as the new head of wealth management at Cambridge Trust. He said he and his team would accelerate their work with clients and prospects to grow the firm’s business in the core New England banking market.
"Cambridge Trust's reputation and history as a conservatively managed and client-focused institution is well known in the marketplace,” Smith said. “I am delighted to be joining the wealth management team to bring further growth in high touch, customized personal solutions to clients as a local bank.”
Headquartered in Cambridge, Mass., Cambridge Trust Company reported approximately $4.3 billion in client assets under management (AUM) and administration (AUA).