Cambridge Trust Co.’s wealth management unit has a new leader, a former senior figure at Massachusetts-focused regional bank Rockland Trust Co.
Jeffrey Smith is taking over from Jennifer Pline, who plans to retire at the end of June.
Smith had been with Rockland Trust for around two decades, finishing out his career there as head of business development and responsible for the financial advisory, advance planning and retirement plan services.
“With a growing footprint in Massachusetts and New Hampshire, we are well poised to deliver our wealth management capability to clients and prospective clients in the region,” Cambridge Trust President and CEO Denis Sheahan said in a statement. “We are grateful for the years of leadership that Jennifer has delivered for our wealth management clients and are excited to welcome Jeff to build upon that foundation to lead the next phase of growth.
Smith is being charged with a push to “build the premier private bank and wealth management firm in the region,” Cambridge Trust said in its hiring announcement.
“Cambridge Trust’s reputation and history as a conservatively managed and client-focused institution is well known in the marketplace. I am delighted to be joining the wealth management team to bring further growth in high touch, customized personal solutions to clients as a local bank,” Smith said in a statement. “I’m thrilled to lead the wealth management team as we accelerate our work with clients and prospects.