Boston Co. Launches Introductions at Opening of Newport Center Office : BANKING/FINANCE
The folks at the Boston Co. are introducing themselves in fine fashion this week as they celebrate the opening of three new private banking offices in California.
The Boston Co. kicked off its three-day tour Monday with a private luncheon at the swank Pacific Club in Newport Beach.
After the company’s chief economist, Allen Sinai, spoke to 35 business and government leaders at the luncheon, executives issued a $10,000 check for the Orange County Performing Arts Center to Henry T. Segerstrom, chairman of the center’s board of directors. The check is the first payment on a five-year, $50,000 commitment.
Later, at a reception at the company’s West Coast headquarters in Newport Center, about 450 guests dined on hors d’oeuvres as they listened to a string quintet from the Boston Pops Orchestra.
About 15 executives from the East Coast and the Boston Pops quintet boarded a private jet Tuesday for the trip to San Francisco and the company’s new office there. The group was scheduled to travel to Palo Alto today to repeat the routine at the company’s operations there.
A fourth office, in Los Angeles, will open in late summer or early fall, although operations have begun in temporary quarters.
The private banking offices will be run by the 113-year-old Boston Safe Deposit & Trust Co., a subsidiary of the Boston Co.
The private banking offices mark the first expansion of Boston Safe’s elite banking for the wealthy out of its home town. The company has had a small Los Angeles office that manages institutional funds since the early 1970s.
