Bay Colony Partners has named Paul G. Escobar senior vice president of its new wealth management division.

Escobar, who has more than 20 years of investment management and retirement planning experience, was previously managing director of retirement planning services for U.S. Wealth Management of Braintree, Mass. He has also held senior-level positions with State Street Global Advisors, Columbia Management Group, Standish Mellon Asset Management and Mercer Investment Consulting.

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