Boston Private Enhances Private Lending Services with Strategic Hire

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Karen Roses Joins Firm as Senior Director of Private Bank Lending

BOSTON--(BUSINESS WIRE)-- Boston Private, a leading provider of fully integrated wealth management, trust and private banking services, today announced that Karen Roses has joined the firm as Senior Director of Private Bank Lending.

In the newly created role, Ms. Roses will work to enhance the firm’s strategy for custom credit solutions and products for high-net-worth and ultra-high-net-worth individuals and families. She will be responsible for structuring complex and creative private loans, and will act as the senior-most lending officer for the business. Ms. Roses will be based in Boston and will report to Charles Nilsen, National Director of Private Client Lending at Boston Private.

“We’re thrilled to welcome Karen to Boston Private,” said Nilsen. “Karen brings with her extensive expertise in both lending and client services, and we’re excited to have her on board as we continue to expand our private lending solutions.”

Prior to joining Boston Private, Ms. Roses worked at Bank of America and its predecessor banks for 18 years, most recently as a private client manager for U.S. Trust. Prior to her role at U.S. Trust, she was an associate in Fleet Boston’s media and entertainment large corporate lending division.

Ms. Roses received her B.A. in economics and German from Connecticut College. She is currently on the Board of Overseers for the Massachusetts Society of Prevention of Cruelty to Animals.

About Boston Private

Boston Private is a leading provider of fully integrated wealth management, trust and private banking services. For over 30 years, Boston Private has taken a highly personalized approach to serving the complex financial needs of individuals, families, business owners, private partnerships, nonprofits and community partners. Boston Private is also an active provider of financing for affordable housing, first-time homebuyers, economic development, social services, community revitalization and small businesses.

Headquartered in Boston, Boston Private has offices across the U.S. including Boston, San Francisco, San Jose, Los Angeles, Palm Beach and Naples. Private banking and trust services are provided through Boston Private Bank & Trust Company, a Massachusetts Chartered Trust Company. Wealth management services are provided through Boston Private Wealth LLC, an SEC Registered Investment Adviser and a wholly owned subsidiary of Boston Private Bank & Trust Company.

Boston Private Bank & Trust Company is a subsidiary of Boston Private Financial Holdings, Inc. (NASDAQ: BPFH). For more information, visit www.bostonprivate.com

Private Banking and Trust services are offered through Boston Private Bank & Trust Company, a Massachusetts Chartered Trust Company. Wealth Management services are offered through Boston Private Wealth LLC, an SEC Registered Investment Adviser and wholly owned subsidiary of Boston Private Bank & Trust Company.

Investments are Not FDIC Insured, Not Guaranteed and May Lose Value.