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Eastern Bank Announces Senior Leadership Appointments

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Eastern Bank has announced key leadership appointments following its merger with Cambridge Trust, focusing on product development, wealth management, and private banking. Sujata Yadav has been named Chief Product Officer, while former Cambridge Trust leaders have taken on new roles: Jeffrey F. Smith as EVP of Wealth Management, Danielle Remis Hackel as EVP and Chief Marketing Officer, and Kerri A. Mooney as EVP of Private Banking.

These appointments aim to drive innovation, revenue growth, and strategic alignment with customer needs. The bank's vision is to become the leading local bank offering comprehensive banking and wealth management solutions in its communities. The newly appointed leaders bring extensive experience in their respective fields, which is expected to contribute significantly to Eastern Bank's growth plans and commitment to clients.

Eastern Bank ha annunciato importanti nomine al vertice a seguito della sua fusione con Cambridge Trust, concentrandosi sullo sviluppo di prodotti, gestione patrimoniale e banking privato. Sujata Yadav è stata nominata Chief Product Officer, mentre i precedenti leader di Cambridge Trust hanno assunto nuovi ruoli: Jeffrey F. Smith come EVP di Wealth Management, Danielle Remis Hackel come EVP e Chief Marketing Officer, e Kerri A. Mooney come EVP di Private Banking.

Queste nomine mirano a stimolare l'innovazione, la crescita dei ricavi e l'allineamento strategico con le esigenze dei clienti. La visione della banca è diventare la principale banca locale che offre soluzioni complete di banking e gestione patrimoniale nelle proprie comunità. I nuovi leader nominati portano un'ampia esperienza nei loro rispettivi settori, che si prevede contribuirà in modo significativo ai piani di crescita di Eastern Bank e al suo impegno verso i clienti.

Eastern Bank ha anunciado importantes nombramientos en su liderazgo tras su fusión con Cambridge Trust, enfocándose en el desarrollo de productos, la gestión de patrimonio y la banca privada. Sujata Yadav ha sido designada como Chief Product Officer, mientras que los antiguos líderes de Cambridge Trust han asumido nuevos roles: Jeffrey F. Smith como EVP de Wealth Management, Danielle Remis Hackel como EVP y Chief Marketing Officer, y Kerri A. Mooney como EVP de Private Banking.

Estos nombramientos tienen como objetivo impulsar la innovación, el crecimiento de ingresos y la alineación estratégica con las necesidades del cliente. La visión del banco es convertirse en el principal banco local que ofrece soluciones integrales de banca y gestión de patrimonio en sus comunidades. Los nuevos líderes designados aportan amplia experiencia en sus respectivos campos, lo que se espera que contribuya significativamente a los planes de crecimiento de Eastern Bank y a su compromiso con los clientes.

Eastern Bank는 Cambridge Trust와의 합병 이후 주요 경영진 인사를 발표하며, 제품 개발, 자산 관리 및 개인 은행업에 집중하고 있습니다. Sujata Yadav가 최고 제품 책임자로 임명되었으며, 이전 Cambridge Trust의 리더들이 새 역할을 맡았습니다: Jeffrey F. Smith는 자산 관리 EVP, Danielle Remis Hackel는 EVP 겸 최고 마케팅 책임자, Kerri A. Mooney는 개인 은행 EVP로 임명되었습니다.

이러한 임명은 혁신, 수익 성장 및 고객의 요구에 대한 전략적 조정을 추진하는 것을 목표로 하고 있습니다. 은행의 비전은 지역 사회에서 종합적인 은행 및 자산 관리 솔루션을 제공하는 주요 지역 은행이 되는 것입니다. 새로 임명된 리더들은 각자의 분야에서 폭넓은 경험을 가지고 있으며, 이는 Eastern Bank의 성장 계획과 고객에 대한 약속에 상당한 기여를 할 것으로 기대됩니다.

Eastern Bank a annoncé d'importantes nominations au sein de sa direction suite à sa fusion avec Cambridge Trust, en se concentrant sur le développement de produits, la gestion de patrimoine et la banque privée. Sujata Yadav a été nommée Chief Product Officer, tandis que d'anciens responsables de Cambridge Trust ont pris de nouveaux postes : Jeffrey F. Smith en tant que EVP de la gestion de patrimoine, Danielle Remis Hackel en tant que EVP et Chief Marketing Officer, et Kerri A. Mooney en tant que EVP de la banque privée.

Ces nominations visent à stimuler l'innovation, la croissance des revenus et l'alignement stratégique avec les besoins des clients. La vision de la banque est de devenir la principale banque locale offrant des solutions complètes de banque et de gestion de patrimoine dans ses communautés. Les nouveaux dirigeants nommés apportent une vaste expérience dans leurs domaines respectifs, ce qui devrait contribuer de manière significative aux plans de croissance d'Eastern Bank et à son engagement envers ses clients.

Eastern Bank hat nach der Fusion mit Cambridge Trust bedeutende Führungswechsel bekannt gegeben, die sich auf Produktentwicklung, Vermögensverwaltung und Private Banking konzentrieren. Sujata Yadav wurde zur Chief Product Officer ernannt, während frühere Führungskräfte von Cambridge Trust neue Positionen übernommen haben: Jeffrey F. Smith als EVP für Wealth Management, Danielle Remis Hackel als EVP und Chief Marketing Officer sowie Kerri A. Mooney als EVP für Private Banking.

Diese Ernennungen zielen darauf ab, Innovation, Umsatzwachstum und strategische Ausrichtung auf die Bedürfnisse der Kunden voranzutreiben. Die Vision der Bank ist es, die führende lokale Bank zu werden, die umfassende Bank- und Vermögensverwaltungsangebote in ihren Gemeinschaften bereitstellt. Die neu ernannten Führungskräfte bringen umfangreiche Erfahrungen in ihren jeweiligen Bereichen mit, die voraussichtlich erheblich zu Eastern Banks Wachstumsplänen und seiner Verpflichtung gegenüber den Kunden beitragen werden.

Positive
  • Merger with Cambridge Trust strengthens Eastern Bank's market position
  • Appointment of experienced leaders in key roles to drive growth and innovation
  • Enhanced focus on product development, wealth management, and private banking
  • Creation of a centralized product team to improve product strategy and management
  • Integration of Cambridge Trust's wealth management expertise into Eastern Bank's operations
Negative
  • None.

BOSTON--(BUSINESS WIRE)-- Following its recent merger with Cambridge Trust and as part of its enhanced focus on product development, wealth management and private banking, Eastern Bank is pleased to announce that Executive Vice President Sujata Yadav has been named Chief Product Officer, and several former Cambridge Trust leaders have been named to the following roles at Eastern Bank: Jeffrey F. Smith, Executive Vice President, Wealth Management; Danielle Remis Hackel, Executive Vice President, Chief Marketing Officer; and Kerri A. Mooney, Executive Vice President, Private Banking.

“Our vision is to be the leading local bank with comprehensive banking and wealth management solutions in the communities we serve,” said Bob Rivers, Executive Chair and Chair of the Board of Directors of Eastern Bank. “The experience, insights and perspectives of Sujata Yadav, Jeff Smith, Danielle Remis Hackel and Kerri Mooney will help drive our growth plans and commitment to clients, and we congratulate them on their leadership roles.”

Denis Sheahan, Chief Executive Officer of Eastern Bank, added, “We look forward to Sujata Yadav’s expertise as the bank’s first-ever Chief Product Officer to lead the emphasis on driving innovation and growth through product management, and to benefitting from the extensive client experience of Jeff Smith, Danielle Remis Hackel and Kerri Mooney.”

Sujata Yadav, Executive Vice President, Chief Product Officer, joined Eastern as Senior Vice President, Consumer Lending Director in 2017 and was promoted to Executive Vice President, Chief Marketing Officer in 2021. As Chief Product Officer, Ms. Yadav will lead a centralized product team focused on product strategy, development and management while continuing to enhance product-related marketing and data analytics to help drive innovation, revenue growth and strategic alignment with customer needs. Under her leadership, Eastern has enhanced its consumer offerings including its first, fully integrated online platforms for Unsecured Lending and Home Equity. While leading Product Marketing and Analytics, she helped improve Eastern’s product marketing and performance measurement capabilities. Prior to Eastern, Ms. Yadav worked at Citibank N.A. for 14 years in both national and international leadership roles across the consumer bank. She earned a BA from the University of Rajasthan in Jaipur, India and an MBA from the Indian Institute of Management, Lucknow, India. Ms. Yadav serves on the Board of Directors of the United Way of Mass Bay and Merrimack Valley, The Boston Ad Club, and Junior Achievement of Greater Boston, and on the Board of Trustees for Winchester Hospital.

Jeffrey F. Smith, Executive Vice President, Wealth Management, leads the combined Cambridge Trust and Eastern Bank Wealth Management teams including investment management, trust and estate services, and financial and tax planning services, along with delivering Private Banking services to Wealth Management clients from Massachusetts and New Hampshire to Connecticut. Mr. Smith joined Eastern Bank in July 2024 through the merger with Cambridge Trust, after joining Cambridge Trust in 2023 following a 24-year career at Rockland Trust Investment Management. He started his career at Scudder, Stevens & Clark in Boston, MA. Mr. Smith has his CFP designation and earned his BA in Economics at the University of Vermont. He serves on the board of Cooperative Production in Taunton, MA.

Danielle Remis Hackel, Executive Vice President, Chief Marketing Officer, joined Eastern Bank in July 2024 through the merger with Cambridge Trust. Previously, Ms. Remis Hackel served as Chief Marketing Officer of Cambridge Trust, responsible for branding, advertising, marketing communications, digital, social, web, campaigns, public relations and media. In addition to her role as Chief Marketing Officer of Cambridge Trust, Ms. Remis Hackel was president of the Cambridge Trust Charitable Foundation and served as the bank’s executive leader of the merger with Eastern Bank. Prior to Cambridge Trust, Ms. Remis Hackel worked at HarbourVest, a global private equity firm with headquarters in Boston and London, and State Street Global Advisors in various institutional product and marketing roles. Ms. Remis Hackel graduated from Barnard College of Columbia University and gained her MBA at Columbia Business School. She serves on the board of directors of Beth Israel Deaconess Medical Center in Boston, MA.

Kerri A. Mooney, Executive Vice President, Private Banking of Eastern Bank, leads Private Banking for Eastern Bank. She joined the company in July 2024 through the merger with Cambridge Trust. Most recently, Ms. Mooney served as Chief Deposit Officer at Cambridge Trust, overseeing the banking offices, commercial treasury services and overall deposit strategy. Prior to joining Cambridge Trust, Ms. Mooney worked as the Director of Branches for HarborOne Bank from October 2016 to June 2018. Prior to that, she held various leadership positions at Rockland Trust from July 2010 to October 2016 including First Vice President/District Manager for Greater Boston and Sales & Service Officer for the Retail Branch Network. Ms. Mooney is a graduate of Boston College. She is a former advisory board member for the investment and finance committees of the Girl Scouts of Eastern Massachusetts.

About Eastern Bank
Founded in 1818, Boston-based Eastern Bank is Greater Boston’s leading local bank and the largest bank-owned independent investment advisor in Massachusetts with approximately 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management and Private Banking divisions, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues, communities and shareholders. Join us for good at www.easternbank.com and follow Eastern on Facebook, LinkedIn, X and Instagram. Eastern Bankshares, Inc. (Nasdaq Global Select Market: EBC) is the stock holding company for Eastern Bank. For investor information, visit investor.easternbank.com.

Media contact:

Andrea Goodman

Eastern Bank

a.goodman@easternbank.com

781-598-7847

Investor contact:

Jill Belliveau

Eastern Bankshares, Inc.

InvestorRelations@easternbank.com

781-598-7920

Source: Eastern Bank

FAQ

Who has been appointed as Eastern Bank's Chief Product Officer?

Sujata Yadav has been appointed as Eastern Bank's Chief Product Officer.

What is Eastern Bank's vision following the merger with Cambridge Trust?

Eastern Bank's vision is to be the leading local bank with comprehensive banking and wealth management solutions in the communities they serve.

How will the new appointments impact Eastern Bank's (EBC) growth strategy?

The new appointments are expected to drive Eastern Bank's (EBC) growth plans through innovation, product development, and enhanced focus on wealth management and private banking services.

Who has been appointed as Executive Vice President of Wealth Management at Eastern Bank?

Jeffrey F. Smith has been appointed as Executive Vice President of Wealth Management at Eastern Bank.

What is Sujata Yadav's role as Chief Product Officer at Eastern Bank (EBC)?

As Chief Product Officer, Sujata Yadav will lead a centralized product team focused on product strategy, development, and management, aiming to drive innovation and revenue growth at Eastern Bank (EBC).

Eastern Bankshares, Inc.

NASDAQ:EBC

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3.79B
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Banks - Regional
Savings Institution, Federally Chartered
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United States of America
BOSTON