Fieldpoint Private Bank & Trust, which is based in Greenwich, Conn., announced Wednesday it hired Robert S. Matthews as its president and chief executive officer.
Matthews worked for Smith Barney and Citigroup for the past 25 years in its global private banking, wealth management and family office services units. He replaced Kevin McCabe, who was president and chief executive officer since the company was founded in 2008.
Most recently, he managed Citigroup Global Wealth Advisory Services, where he was responsible for its 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, he served on the global wealth management asset and liability committee as well as CitiStreet’s board of directors.
"Representing an international brand gave me the opportunity to build institutional teams and infrastructure catered to high net worth clients,” Matthews said. “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, which is based in Greenwich, Conn., made the hiring after a six-month process, which included direct interviews with most of the bank's board of directors.
Daniel J. Donahue, the company’s chairman, said Matthews “is perfectly matched for our bank and for our Members.”
"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,” Donahue said. “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."
Fieldpoint has $345 million in bank assets, $300 million in deposits, and nearly $200 million in loans.