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For a self-described son of New England like Hans Olsen, joining 138-year-old Fiduciary Trust Company was "like coming home."
The privately owned Boston-based wealth management firm hired Olsen as chief investment officer this month. He will chart its strategic direction with regards to investment strategy, strategic and tactical asset allocation, portfolio construction and manager due diligence and selection in both public and private markets.
Founded in 1885, Fiduciary Trust focuses on families, individuals and nonprofits. With an employee count of over 120, it also provides a range of services to financial advisors and single-family offices. Its capabilities include customized wealth planning, investment management, trust and estate services and family office, tax and custody services. FTC has over $12 million in assets administered as a custodian. Roughly half of its custody assets are for FTC managed accounts. It is a Massachusetts chartered trust company registered with and regulated by the Massachusetts Division of Banks. See: Private wealth manager Fidelity Trust hires ex-State Street HNW portfolio manager.
Before joining FTC, Olsen spent three years at the New York office of St. Louis-based Stifel Nicolaus, serving as global head of investment strategy for the firm’s wealth management unit, and as CIO of its Delaware Trust Company.

He joined Stifel upon its 2015 acquisition of the U.S. wealth management unit of Barclays, where he was global head of investment strategy, the head of the global asset allocation committee and CIO of the Delaware Trust Company.

Previously, Olsen was CIO for J.P. Morgan’s Private Wealth Management business in the United States and, before that, served as CIO of Bingham Legg Advisers in Boston. See: 10 reasons why Schwab's move into ETFs may be an even bigger deal than it appears.

Olsen will report to Austin V. Shapard, president and CEO of Fiduciary Trust.

“I’m pleased to join such a talented team of investment and wealth management professionals, at a firm with a venerable history that has maintained its client-centric approach for well over a century,” Olson says, in a statement. 

FTC's affiliate, Fiduciary Trust of New England, has its headquarters in Manchester, N.H. 

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