Hiring & Promotions

Suma Nair Joins FTC as Chief Fiduciary Officer

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BOSTON – November 4, 2021 Fiduciary Trust Company, a Boston-headquartered private wealth management firm, is pleased to announce that Suma V. Nair, JD, will be joining the firm as Chief Fiduciary Officer in January.

Nair will oversee the firm’s fiduciary services and lead the trust and estates legal department, which was recognized recently with the 2021 Best Estate Planning Advisory Services and Best Fiduciary / Trustee Services Awards by Private Asset Management.

Her responsibilities will include oversight of fiduciary services for Fiduciary Trust Company’s Massachusetts trust company, and also its affiliate, Fiduciary Trust of New England, which is one of the largest independent New Hampshire-chartered personal trust companies. She will report to Fiduciary’s President & CEO, Austin V. Shapard, and serve on the Senior Management Committee.

Nair is joining Fiduciary from Goulston & Storrs PC, where she has been a Director in the Private Client and Trust practice group and a member of the firm’s Executive Committee. In her sixteen years at Goulston & Storrs, Nair focused her practice on providing sophisticated estate and tax planning advice to high-net-worth individuals and families. She also counseled clients on charitable giving and family and tax matters involving business and wealth succession planning. Nair served as trustee of clients’ trusts and as personal representative of clients’ estates, in addition to advising trustees of trusts on best practices in managing their fiduciary obligations.

“We are very excited to welcome Suma to our team,” said Austin Shapard. “As a recognized leader within the Boston legal community, Suma brings expertise and leadership that will be critical to continuing to grow our fiduciary practice and help our clients address their evolving trust and estate needs for years to come.”

“I am delighted to be joining the team at Fiduciary, a firm I have admired for many years,” said Nair. “Fiduciary has a deep and enviable bench of trusts and estates legal talent, a long history of exercising prudent and practical fiduciary judgment, and consistently demonstrated a commitment to excellent client service. I look forward to being a part of the firm’s proud tradition of counseling our clients and protecting their interests across generations in our role as a fiduciary.”

“This is an incredible opportunity for Suma to take on an important executive leadership role in the industry, and we could not be happier for her as she embarks on this exciting new adventure,” said Bill Dillon, Co-Managing Director at Goulston & Storrs. “While Suma is retiring from the private practice of law, we will fortunately continue to work closely with Suma in her new position as a client.”

Nair is a fellow of the American College of Trust and Estate Counsel and was recently elected as Secretary of the Boston Bar Association.  She also serves on the Board of Directors of the American Civil Liberties Union of Massachusetts.  Massachusetts Lawyers Weekly named Nair as one of the “Top Women of Law” in 2021 and Chambers High Net Worth has recognized her for the past five years. Nair earned an A.B. from Dartmouth College magna cum laude and Phi Beta Kappa, and received her J.D. from Harvard Law School.

About Fiduciary Trust Company

Fiduciary Trust is a privately owned wealth management firm with over $22 billion in client assets and serves families, individuals and nonprofits seeking objective advice to help grow and protect their investments. The firm also provides a range of services to professional financial advisors and single-family offices. Fiduciary’s capabilities include customized wealth planning, investment management, trustee and estate services, and family office, tax and custody services.

Founded in 1885 as a family office, Fiduciary takes a personal approach based on expertise, strong performance and a genuine commitment to act in its clients’ best interests. The firm’s client focus has enabled it to achieve an average 98% annual client retention rate for over a decade.

For additional information about Fiduciary’s services, please visit www.fiduciary-trust.com, or contact Greg O’Connell at 617-292-6799 or oconnell@fiduciary-trust.com.

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