August 26, 2016 8:02 AM ET

Capital Markets

Company Overview of Fiduciary Trust Company

Company Overview

Fiduciary Trust Company is an employee owned investment manager. The firm also provides trust services, financial planning, estate planning, family office advisory, philanthropic planning, tax planning, retirement planning, and estate settlement. It primarily provides its services to individuals, families, high net worth individuals, endowments, foundations, and trusts. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public equity, fixed income, and real estate markets across the globe. The firm makes its investments in private real estate, private equity, hedge funds, timberland, commodities and managed futures, and exchange-traded funds. It in...

175 Federal Street

Boston, MA 02110

United States

Founded in 1885

Phone:

617-482-5270

Fax:

617-482-3774

Key Executives for Fiduciary Trust Company

Chief Executive Officer, President, and Director
Vice President, Treasurer and Chief Financial Officer
Vice President and Director of Client Services
Vice President and Chief Marketing Officer
Vice President
Compensation as of Fiscal Year 2016.

Fiduciary Trust Company Key Developments

Fiduciary Trust Company Names Peter Andersen as Chief Investment Officer

Fiduciary Trust Company announced that Peter Andersen has joined as Chief Investment Officer (CIO). Andersen joins Fiduciary Trust from Congress Wealth Management, where he has served as Chief Investment Officer since 2003. He was also a portfolio manager with Congress Asset Management, an affiliated firm. Prior to Congress, Andersen held senior roles at Delaware Investments/Conseco Capital Management and Colonial Management. In his role as CIO at Fiduciary Trust, Andersen will be responsible for leading Fiduciary’s investment process. This includes directing the development and refinement of the firm’s investment strategies, asset allocation, third-party manager selection and client portfolio construction. Michael Mullaney, previously CIO, will move to the newly created role of Chief Investment Strategist, responsible for providing perspectives and insights on the global economy and investment markets.

Fiduciary Trust Company Appoints Scott Sumner as Vice President, Head of Custody

Fiduciary Trust Company announced that Scott Sumner has joined as Vice President, Head of Custody. In this newly created position, Mr. Sumner is overseeing all custody sales and relationship management activities as the firm expands its custody business. Mr. Sumner joined from State Street Wealth Manager Services. In his previous roles at State Street and predecessor firm Investors Financial (which was acquired by State Street), he was responsible for the oversight of custody for a significant number of clients. Most recently, he served as head of relationship management for Wealth Manager Services’ investment management outsourcing platform.

S. Joel Mittelman Joins Fiduciary Trust Company as Vice President and Investment Officer

Fiduciary Trust Company announced that S. Joel Mittelman, CFA, has joined the organization as a Vice President and Investment Officer. Mr. Mittelman joins Fiduciary Trust from The Boston Company Asset Management, LLC, where he was an institutional portfolio manager for eight years and also served as a member of the asset allocation committee and editorial board. Mr. Mittelman, who will serve in Fiduciary Trust’s Boston office, previously spent time at Fidelity Investments, Wellington Management and McKinsey & Company.

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Recent Private Companies Transactions

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