Boston Private Financial Holdings, Inc. has made certain changes in the management. One of which was hiring a former NBA player for its wealth management unit.
The company has brought on former NBA player Chris Dudley, from the Oregon-based wealth management firm Filigree Advisors, to be a senior wealth adviser and director of sports and entertainment, according to Boston Business Journal.
Boston Private Wealth is looking to increase its presence on the West Coast, to build on its Massachusetts base. The unit had a tumultuous 2015, going through three CEOs over the span of a year and losing a significant number of portfolio managers and assets under management.
The company revealed last week that across Boston Private, assets under management and advisory were down 8 percent in 2015, from $29.9 billion to $27.6 billion. The figure remained effectively level from the third quarter to the fourth quarter, however.
Chris Dudley had been chief investment officer at Filigree.
The 6-foot-11 Yale graduate built a reputation as a low-scoring but hard-working journeyman center, played for the New York Knicks, Portland Trail Blazers, Phoenix Suns, New Jersey Nets and Cleveland Cavaliers. He ran unsuccessfully for governor of Oregon in 2010 as a Republican.
Dudley played in 886 NBA games (started in 331), averaging 3.9 ppg, 6.2 rpg and 1.2 bpg in 18.4 mpg.
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