Thomas Fisher Named Montecito Bank & Trust’s Main Financial investment Officer | Business

Thomas Fisher has been named Montecito Financial institution & Trust’s (MB&T) new chief investment decision officer, succeeding Peter Madlem.

Fisher has worked carefully over the previous few years with Madlem to make certain a thriving transition. Madlem will transition to senior portfolio manager, the place he will focus exclusively on handling the bank’s $450 million-furthermore fixed revenue-securities portfolio.

Fisher delivers abilities, encounter and a track record of results to his new role that will allow MB&T to continue on building on the basis Madlem has designed.

“As our new main expense officer, Tom’s ample understanding, experience and leadership will greatly enhance the mission of the Montecito Lender & Trust Wealth Division to fulfill the complete wealth management needs of large internet worth households, people and nonprofit corporations on the Central Coast,” Madlem reported.

Fisher has some 30 yrs of experience in portfolio administration, business growth and economic scheduling.

“I have worked with Tom for additional than 20 several years in the course of our careers and he is uniquely capable to direct our expenditure group ahead,” said Jeff Pittman, EVP/director of wealth management.

“I glance ahead to primary our expert and talented expense team as we tutorial our shoppers by means of the latest atmosphere and assist them meet up with their money and financial commitment aims by way of custom-made portfolio management,” Fisher stated.

Fisher is a accredited economic planner, a CFA Constitution holder, and retains bachelors and masters of science levels in monetary solutions from San Diego Point out College. He is included in the Santa Barbara community as a board member for Teddy Bear Cancer Foundation, and board member at Care4Paws, treasurer of the Rotary Club of Montecito Basis, and president-elect of the Montecito Rotary Club.

Madlem joined the bank’s prosperity management department in early 2012, and around the previous 9 decades has employed and made the investment decision workforce that is in area today. He also re-built the department’s financial commitment research abilities, expense processes, procedures and procedures and compliance infrastructure.

Madlem has constantly been a best-quartile performer for his operate in taking care of the bank’s securities portfolio a specifically complicated task for the duration of the economic crisis that disrupted the economic marketplaces in the 1st and 2nd quarters of 2020.

The Montecito Financial institution & Trust’s expense staff has blossomed underneath Madlem’s considerate leadership, stated Jeff Pittman, EVP/director of wealth administration.

“Peter has constructed an terribly talented and experienced expense crew during his nine many years as MB&T’s chief financial commitment officer, although supporting double digit annual progress in shopper assets to around $1.6 billion,” Pittman claimed.

“He will go on to take care of the bank’s bond portfolio and contribute to the bank’s asset and liability and investment decision committees,” Pittman stated.