July 2, 2018
Dear Friends and Clients,
I want to provide a brief mid-year update on our activities so far in 2018. Over the past several months, we have navigated challenging global markets, held client and professional events on eldercare and women’s health, launched several technology projects—one of which is a new online client portal that will be rolled out before the end of the year—and continued to serve the individual needs of our clients.
In addition, as part of our ongoing investment in professionals, we are pleased to welcome two senior team members. In May, Hans Olsen joined as Chief Investment Officer and John Morey joined in the newly created role of Head of Client Service and Business Development.
Hans comes to Fiduciary from the investment firm Stifel Nicolaus, where he was Global Head of Investment Strategy. He joined Stifel in 2015 as part of its acquisition of the Barclays U.S. Wealth Management unit, where Hans served as Global Head of Investment Strategy, Head of the Global Asset Allocation Committee, and CIO of its Delaware Trust Company. Previously, he served as CIO for J.P. Morgan’s Private Wealth Management business in the U.S. and as CIO of Bingham Legg Advisers in Boston. At Fiduciary, he is responsible for the strategic direction of our multi-asset class investment philosophy, along with due diligence and manager selection in public and private markets.
John joins us from GMO LLC, the global asset manager headquartered in Boston, where he was a Partner and for the past 15 years served as Head of Client Relations, North America. Prior to GMO, John was a Senior Manager at Putnam, and previously spent a decade as a Managing Director at BankBoston in its Private Client and Business Banking groups. Here at Fiduciary, John will be responsible for overseeing and working with all the Investment Officers on our wealth management services to existing and new clients.
I am delighted to share the news of the additions of Hans and John, and we look forward to your meeting them during the coming months.
Sincerely,
Austin V. Shapard
President & CEO