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February 27, 2015updated 04 Apr 2017 1:45pm

Fiduciary Trust names new chief fiduciary officer

Fiduciary Trust Company has announced that Stacy Mullaney has been promoted to the new position of chief fiduciary officer. She will assume this new role effective immediately and will report directly to Austin Shapard, Fiduciary's president & CEO.

By Verdict Staff

Fiduciary Trust Company has announced that Stacy Mullaney has been promoted to the new position of chief fiduciary officer. She will assume this new role effective immediately and will report directly to Austin Shapard, Fiduciary’s president & CEO.

Mullaney will be the first chief fiduciary officer in Fiduciary Trust Company’s 130 year history. The position was created following the announced retirement of Robert Karelitz, Fiduciary’s general counsel who has overseen these activities and is retiring after 41 years at the company.

Shapard stated, "The creation of the chief fiduciary officer position and Stacy’s promotion into this role demonstrates Fiduciary’s continued focus on distinctive trust and estate services to our clients. Stacy’s caliber, capabilities and expertise allow us not only to assist clients, but also to work collaboratively with the best legal professionals in New England and around the country."

In this role, Mullaney will oversee the company’s fiduciary responsibilities to its clients and their families. She will also be responsible for the delivery of comprehensive estate planning and settlement services.

"Fiduciary has always distinguished itself as a wealth management firm with a deep understanding of, and steadfast commitment to, the fiduciary duties we provide to our clients and their families. I am dedicated to ensuring this important tradition continues," stated Mullaney.

Mullaney has more than 20 years of experience in the private wealth management industry. She joined Fiduciary Trust Company in 2004, serving as vice president, trust counsel and, most recently, as director of Estate Administration.

She is a member of the company’s board of directors, management committee and trust committee. Mullaney held previous positions in the wealth management industry at Bank of America, and its predecessors Fleet Bank and Bank of Boston.

She began her legal career at Ropes & Gray in Boston.

Mullaney is co-chair of the Boston Bar Association Trusts and Estates Continuing Legal Education Committee, a member of the Boston and American Bar Associations, and a member of the Boston Estate Planning Council.

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