Over the past year and a half, one of Fiduciary’s strategic priorities has been developing and expanding our strong talent base. To that end, we have added to the senior management team with several internal promotions and external hires. We have also augmented our investment management capabilities. We have added new Investment Officers and created an investment support team—called Portfolio Engineering—to assist Officers in implementing our investment thinking as they manage client accounts. As part of these growth initiatives, I am pleased to announce that Peter Andersen will be joining Fiduciary Trust as Chief Investment Officer (CIO). Peter was previously a founding partner and Chief Investment Officer at Congress Wealth Management. He was also a portfolio manager of Congress’ all cap equity strategy. Prior to Congress, Peter held senior roles at Delaware Investments/Conseco Capital Management and Colonial Management.
As CIO, Peter will be responsible for leading Fiduciary’s investment process. This role will include directing the development and refinement of the firm’s investment strategies, asset allocation, third-party manager selection and client portfolio construction. Individual officers will continue to work with their clients managing customized portfolios to help meet client-specific objectives.
Peter is a Chartered Financial Analyst and received his MPA from Harvard University, where he was a Seamans Fellow, an MS from Yale University, where he was a Skinner Fellow, and a BS from Northeastern University, where he graduated summa cum laude. He is a frequent contributor to Forbes, The Wall Street Journal and Reuters, as well as CNBC and Fox Business. He is a member of the Boston Security Analysts Society, serves on the Board of the Boston Symphony Orchestra, and the Executive Board of the Yale Graduate School Alumni Association.
Peter will formally join us on July 18th and I look forward to introducing him to the Fiduciary community over the next several months. Please join me in welcoming Peter to the company!
– Austin V. Shapard, President & CEO