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Boston Private Bank

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Boston Private Financial Likely to Sell

Mar 16, 2023

Boston Private Financial Likely to Sell Posted on 03/16/2023 SVB Financial Group, the parent of Silicon Valley Bank (SVB), acquired Boston Private Financial Holdings, Inc., the parent company of Boston Private Bank & Trust Company, in 2021 for around US$ 900 million. Now that SVB is shut down, Boston Private would likely be sold off. Financial advisors within SVB’s wealth management unit were told that the company will be split into four pieces to be sold off separately, including the commercial bank, investment bank, wealth business, and SVB Capital, its fund manager focused on venture capital investments. Get News, People, and Transactions, Delivered to Your Inbox Your Email: We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox © 2008-2023 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.

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