Senior Financial Services Executives Bring Deep Expertise in Wealth Management, Risk, Finance, and Operations
Fiduciary Trust Company, a Boston-based private wealth manager and trust company serving high-net-worth individuals, families, and institutions, as well as its parent companies and affiliates (collectively, “Fiduciary”), announced the appointment of David Kimm and Joseph Thompson to the Board of Directors of its holding company.
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Mr. Kimm is a senior financial services executive with extensive experience in risk management, financial oversight, and business operations across leading institutions. He previously served as a Senior Advisor at McKinsey & Company and Chief Risk Officer and Treasurer at TD Ameritrade Holding Corporation. Earlier in his career, Mr. Kimm held senior leadership roles at Fidelity Investments, including Chief Financial Officer of its Institutional Brokerage Group, and served as Chief Risk Officer for Wells Fargo Advisors. In addition to his executive experience, Mr. Kimm has significant board and governance expertise, having previously served as a board member of the Depository Trust & Clearing Corporation (DTCC) and currently as an independent director and Chair of the Audit, Risk & Compliance Committee at R&T Deposit Solutions. He earned an MBA from New York University.
Mr. Thompson is a senior financial services executive with more than 30 years of experience leading growth, business transformation, and operational improvement initiatives across financial institutions. He most recently served as Chief Governance & Controls Officer at Truist Financial Corporation. Previously, he held several senior executive leadership roles at Truist, including Head of Truist Wealth and Chief Executive Officer and Chairman of the Board of Truist Investment Services and Truist Advisory Services, where he oversaw a multibillion-dollar wealth management platform serving private wealth, brokerage, and specialty client segments. Earlier in his career, Mr. Thompson served as Head of Investment Banking at SunTrust Robinson Humphrey. Mr. Thompson earned a Bachelor of Arts in Economics from Williams College and an MBA from Harvard Business School.
“David offers a combination of executive leadership, deep financial expertise, and board-level governance experience across some of the most respected institutions in our industry, while Joe adds exceptional depth in wealth management strategy, enterprise risk, and strategic transactions. Their perspectives will add significant value as we continue to advance our long-term strategy and position the firm for sustained growth,” said Doris Meister, Executive Chair of Fiduciary. “Attracting leaders of this quality is a meaningful part of the value that our partnership with GTCR, our private equity sponsor, makes possible.”
“As we enhance our client value proposition and invest in the capabilities that differentiate Fiduciary, Joe’s experience and judgment will be invaluable. David’s background spanning risk management, financial oversight, and operations at leading financial services firms makes him an exceptional addition to our Board. I look forward to their counsel and partnership as we build on Fiduciary’s strong foundation,” said Austin V. Shapard, President & CEO of Fiduciary Trust Company.
“Fiduciary has built a strong reputation for attracting talented professionals focused on their clients’ best interests. I look forward to working with the Board and management team to advance the firm’s strategic priorities, drawing on my experience in risk management and financial oversight to help further enhance its capabilities and support continued growth,” said David Kimm.
“I’m honored to join Fiduciary’s Board. The company stands out for its long history of providing objective, client-centered advice, and I’m excited by the opportunity to help build on this foundation by expanding the wealth management platform, enhancing operations, and supporting the firm’s next phase of strategic growth,” said Joseph Thompson.
These appointments further strengthen Fiduciary’s Board as the firm continues to execute its strategic growth agenda, including expanding its breadth of services, enhancing its investment platform, and further advancing technology to better serve clients, building on the firm’s more than 140-year legacy of client service.
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