Boston Private Financial Holdings, Inc. announced that it has appointed Anthony DeChellis as Chief Executive Officer, effective November 26, 2018. Mr. DeChellis will also serve as CEO of Boston Private Bank & Trust Company. Mr. DeChellis will succeed current CEO Clayton Deutsch, who will be retiring on November 26, 2018.

The appointment is part of a planned succession process that began over a year ago. Mr. Deutsch will work closely with Mr. DeChellis and the Board of Directors to ensure a smooth transition and continued excellence in delivering Boston Private's services to its clients across the country. In his new role, Mr. DeChellis will be responsible for advancing Boston Private's mission of providing holistic financial advice integrated with banking solutions for personal and business clients.

Mr. DeChellis retains Boston Private's commitment to being active corporate citizens within local communities. DeChellis brings over 30 years of industry experience, having served as CEO of Credit Suisse's Private Bank Americas, which experienced strong growth under his leadership. Prior to joining Credit Suisse, Mr. DeChellis served as Head of Private Wealth Management at UBS, where he launched the Private Wealth Management business in the United States and oversaw the expansion of services catering to ultra high net worth clients.

Mr. DeChellis will be based in Boston, Massachusetts, and will serve on the Boards of Directors of BPFH and Boston Private.