Boston Private Financial Holdings Inc. announced Tuesday Clayton G. Deutsch will succeed Timothy L. Vaill as chief executive officer and president on July 31.

The succession plan to replace Vaill was announced last year. Deutsch is a senior partner at McKinsey & Co.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.