Enterprise Bank Appoints David Lynch as Managing Director and Chief Investment Officer, of Enterprise Wealth Management

Rhea-AI Summary

Enterprise Bank has appointed David Lynch as Managing Director and Chief Investment Officer of Enterprise Wealth Management. Lynch, an industry veteran with over 25 years of experience, will oversee the entire wealth management division and help set the team's strategic direction. He joins from Cambridge Trust Company, where he managed $4.5 billion in investment portfolios. Lynch's extensive background includes roles at Athena Capital Advisors, Colorado state pension fund (PERA), Eaton Vance Management, and Cahners Economics.

Lynch holds a BA in Economics from Dartmouth College and an MBA from Babson College. He is a CFA charterholder and a member of the Boston Economic Club. Enterprise Wealth Management currently manages over $1.3 billion in assets and is poised for continued growth under Lynch's leadership.

Positive

• Appointment of an experienced industry veteran as Managing Director and CIO
• David Lynch's proven track record in managing $4.5 billion in investment portfolios
• Enterprise Wealth Management's assets exceed $1.3 billion
• Potential for strategic growth and improved investment strategies

Negative

• None.

LOWELL, Mass., July 17, 2024 (GLOBE NEWSWIRE) -- Enterprise Bank announced the recent appointment of industry veteran David Lynch as Managing Director and Chief Investment Officer, of Enterprise Wealth Management. In his new role, Lynch will oversee the entire wealth management division and help set the team’s strategic direction.

“David’s extensive, proven track record as an executive leader in the wealth management space makes him a natural choice to lead our team in stewarding our clients’ financial futures,” said Steve Larochelle, CEO of Enterprise Bank. “His passion for serving clients and the breadth and depth of expertise he brings to Enterprise Wealth Management will be instrumental in steering our investment strategy and helping our clients achieve their financial goals.”

Lynch comes to Enterprise Wealth Management from Cambridge Trust Company where he served as Chief Investment Officer, leading a team of 23 professionals in managing $4.5 billion in investment portfolios for families and institutions. Prior to that, he served as Managing Partner and Deputy Chief Investment Officer at Athena Capital Advisors where he provided leadership to all investment management and business functions, with particular focus on integrating strategy across asset classes, prioritizing research initiatives, and addressing client requests. Earlier in his 25+ year career, Lynch held portfolio management and research roles at the Colorado state pension fund (PERA), Eaton Vance Management, and Cahners Economics.

“I am excited to join this talented team in providing smart, contemporary wealth management solutions for clients,” said Lynch. “Enterprise is a well-respected institution with a culture of service excellence and community involvement that I am privileged to carry forward with my colleagues.”  

Lynch earned his Bachelor of Arts degree in Economics at Dartmouth College and his MBA at Babson College where he graduated magna cum laude. He is a CFA charterholder and a member of the Boston Economic Club. Lynch is an industry thought leader, having presented at leading industry conferences and been quoted in a variety of publications.

He joins Enterprise Wealth Management at an exciting time, with wealth assets over $1.3 billion and continuing to grow.

ABOUT ENTERPRISE BANK

Enterprise Bank helps create successful businesses and prosperous communities. We are a true community bank, leading with a deep sense of mission and purpose, dedicated to making a positive difference in the lives of the individuals, businesses, and communities we so passionately serve. Enterprise Bank delivers the sophisticated offerings and experience you expect from global and national banks, but with the warmth, personal attention, and service you expect from a local community bank.

For more information on how we can serve you, please contact us at 877-671-2265 or visit one of our branch 27 branch locations.

Contact Information: Matthew Coggins, Chief Marketing & Communications Officer. Matthew.Coggins@ebtc.com – 978-656-5708.

FAQ

Who is the new Managing Director and CIO of Enterprise Wealth Management for EBTC?

David Lynch has been appointed as the new Managing Director and Chief Investment Officer of Enterprise Wealth Management for Enterprise Bank (EBTC).

What is David Lynch's previous experience before joining EBTC?

Before joining EBTC, David Lynch served as Chief Investment Officer at Cambridge Trust Company, managing $4.5 billion in investment portfolios. He also held roles at Athena Capital Advisors, Colorado state pension fund (PERA), Eaton Vance Management, and Cahners Economics.

How much in assets does Enterprise Wealth Management currently manage?

Enterprise Wealth Management currently manages over $1.3 billion in assets.

What are David Lynch's educational qualifications?

David Lynch holds a Bachelor of Arts degree in Economics from Dartmouth College and an MBA from Babson College, where he graduated magna cum laude. He is also a CFA charterholder.