Former Citigroup, Inc (NYSE: C) executive Robert Matthews, who was a long-time wealth-management executive at the New York-based bank, has become the new president and chief executive officer of the two-year-old Fieldpoint Private Bank & Trust.
Matthews, who left Citigroup, Inc (NYSE: C) in January, spent more than 25 years with Citigroup, Inc (NYSE: C) and its brokerage unit Smith Barney. He started at the company as a financial adviser and eventually managed the company’s wealth advisory platform. Matthews left Citigroup, Inc (NYSE: C) in 2008 to work for Aquiline Capital Partners, a private-equity firm, from early 2009 until last month.
Fieldpoint’s board of directors chair Daniel Donahue said that Matthews’ background “is perfectly matched” for the fledgling private bank in a statement. “He has a long track record of building and managing innovative and global wealth management and private banking platforms,” he added.
Greenwich, CT-based Fieldpoint has approximately $345 million in assets, $300 million in deposits, and nearly $200 million in loans.
Shares of Citigroup, Inc (NYSE: C) opened strong on Monday at $4.04, quickly rising to $4.05 during mid-day trading.
