Cambridge Trust Company Recruits Harvard Management Company Managing Director as New Head of Wealth Management

Cambridge Bancorp (OTC QB: CATC) and its subsidiary, Cambridge Trust Company, announced that Jennifer A. Pline has been appointed the company’s Executive Vice President, Head of Wealth Management-elect effective January 30, 2017. Ms. Pline will succeed Michael Duca, who has served as Executive Vice President, Head of Wealth Management since 2006. Mr. Duca will be retiring at the end of February 2017.

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Jennifer Pline, Executive Vice President, Head of Wealth Management-elect at Cambridge Trust Company (Photo: Business Wire)

“We greatly appreciate the impact Mike had on the Bank and the Wealth Management Group, and wish him the very best on his retirement. Mike’s involvement in selecting Jennifer as his successor was critical and they will work together for a seamless transition in the coming weeks,” said Denis Sheahan, President and CEO of Cambridge Trust Company.

“Jennifer Pline brings her exceptional track record and passion for wealth management to Cambridge Trust during a period of record growth,” continued Sheahan. “She has the leadership, strong client focus, and strategic vision to help us accomplish our ambitious growth plans for Wealth Management.”

Ms. Pline served as Managing Director, Chief Trusts & Gifts Officer at Harvard Management Company from 2005 to 2016. Prior to that she worked at Standish Mellon Asset Management for 18 years and was the Director of Client Service when she departed. “Cambridge Trust is well positioned to continue on its path of impressive growth,” said Ms. Pline. “I look forward to leading the exceptional team that’s been built in the Wealth Management Group, while continuing to provide exemplary service and advice for our clients.”

Ms. Pline received an MBA from the Carroll Graduate School of Management at Boston College and a BA also from Boston College. She holds the Chartered Financial Analyst® designation and is Board Chair for Beth Israel Deaconess Hospital-Needham.

About Cambridge Trust Company

Cambridge Bancorp and its subsidiary, Cambridge Trust Company, are based in Cambridge, Massachusetts, in the heart of Harvard Square. Cambridge Trust Company is a 127-year-old Massachusetts chartered commercial bank with $1.8 billion in total assets and 11 Massachusetts branch offices in Cambridge, Boston, Belmont, Concord, Lexington, and Weston.

Cambridge Trust Company is one of New England's leaders in wealth management with $2.6 billion in client assets under management. Assets under management combined with assets under administration were $2.7 billion at December 31, 2016. The Wealth Management Group maintains offices in Boston, Massachusetts, and Concord, Manchester and Portsmouth, New Hampshire.

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