SVB Financial Group, the parent of Silicon Valley Bank, completed the acquisition of Boston Private Financial Holdings, the parent company of Boston Private Bank & Trust, a provider of integrated wealth management, trust and banking services to individuals, families, businesses and nonprofits.
Boston Private is now part of SVB. Anthony DeChellis, CEO of SVB private banking and wealth management, and Yvette Butler, president of SVB private banking and wealth management, will lead the combined private banking and wealth management business. The private banking and wealth management leadership team will now also include Jim Brown, head of specialty commercial, and John Longley, head of private bank, wealth, trust and wine.
“With the close of our acquisition of Boston Private, we are well positioned to deliver the understanding, guidance and solutions to help our clients achieve their wealth goals,” Greg Becker, president and CEO of SVB Financial Group, said. “We’re excited to welcome our new colleagues and clients to SVB and are appreciative of everyone at Boston Private and SVB who worked diligently to help us reach this milestone.”
