Shannon Saccocia has been named chief investment officer and Tom Anderson has been named chief operating officer of Boston Private Wealth, the firm announced Tuesday.
Saccocia most recently served as chief investment strategist and Anderson previously served in dual roles as chief investment officer and chief operating officer of Boston Private Wealth, a provider of integrated wealth management, trust and private banking services.
Saccocia will be responsible for setting the overall investment policy at Boston Private Wealth, as well as directing the firm’s investment strategy, research, portfolio management, trading, asset allocation and investment risk management functions.
Anderson initially took on chief operating officer duties at the beginning of 2018 and will now shift from his dual role to focus solely on chief operating officer responsibilities, which include trust and client advisory services, as well as business development initiatives for the entire firm. He also serves as national head of trust and fiduciary services for the firm.
Prior to joining Boston Private Wealth, Saccocia was director of manager search and selection for Silver Bridge Advisors, which was acquired by Banyan Partners. Banyan Partners was then acquired by Boston Private Wealth.
Prior to joining Boston Private Wealth in 2011, Anderson was head of a global strategy and research for the ETF business at State Street Global Advisors.
