Daniel M. (Dan) FitzPatrick
Legal: JD and experience as a practicing attorney (Davis Polk & Wardwell) with special focus on securities, M&A, commercial banking and private banking. Relevant skills include company analysis, corporate due diligence, transaction structuring and negotiation, HNW lending and collateralization, securities markets and regulation. Admitted to the New York State Bar.
Planning, tax, trust & investments: 25+ years’ experience in senior leadership positions with major firms:
JP Morgan – Headed US Generational Planning group, providing sophisticated trust, estate, tax and transfer planning advice to HNW and UHNW clients. Promoted to head the JP Morgan Private Bank Global Fiduciary Management business, providing onshore and offshore trust and estate administration services to wealthy individuals, families and related charitable institutions worldwide. Responsible for prudent fiduciary management of over $21BN in client assets. Oversaw JP Morgan Private Bank tax department. Chaired distributions committee for JPMtrusteed charitable accounts. Advised some of the largest estates and private foundations in
the country.
Goldman Sachs – Established, from scratch, a national fiduciary business leveraging Goldman’s investment management capabilities. Chartered two special purpose banks. Sourced, selected and implemented an outside vendor solution to the highly specific accounting, reporting and regulatory compliance needs of a fiduciary business. Grew assets under supervision from zero to $2BN, and the “Will book” to $2.5BN in four years, working with clients having median net worth in excess of $100MM.
Citigroup – Global head of Citi Trust, providing onshore and offshore financial planning and trust and estate structuring, administration and investment management services to HNW and UHNW clients in almost 100 countries. Responsible for supervising over $50BN in client assets. Grew revenues by 8% and earnings by 11%.
BNY Mellon – Led investment management, fiduciary services and private banking business in Fairfield & Westchester counties; responsible for BNY Mellon’s estate administration activities within the Tri-State region. Drove a 47% increase in new business, increased deposits by 60% and grew pretax income by 35%.
Webster Bank – As Head of Webster Private Bank, built and implemented an open-architecture, Chief Investment Strategist-led investment offering incorporating global markets insights as the primary component of a fullyobjective, needs based advisory offering centered around the planning discipline. Drove record net interest income, doubled the private bank loan book and quadrupled average annual revenue per new client. Also led conversion of an existing, legacy investment and servicing system to a new state-of-the-art wealth management platform. Achieved higher-than-industry Net Promoter Scores and named 2015 Best Private Bank.
Management: C-suite experience with full P&L responsibility. Successfully managed teams both large and small.
Regulatory: Proven ability to develop and maintain excellent relationships with multiple regulatory and supervisory authorities, both national and state.
Governance: Served directly on corporate boards (e.g., JP Morgan FSB, The Goldman Sachs Trust Company, N.A.). Chaired the Webster Bank, N.A. Trust Committee. Extensive experience presenting to boards and investor groups. Member of the Executive Management Committee of Webster Financial Corporation (NYSE: WBS).
Community & charitable involvement: Vice Chairman of the board of directors of Greenwich Emergency Medical Service, Inc. Previously served on the Board of Councilors of the American Association of the Sovereign Military Order of Malta, USA and as Trustee of the HealthCare Chaplaincy in NYC. Actively involved as a Knight of Malta in the Order’s service programs benefitting the poor and sick in Connecticut, and in supporting The Inner-City Foundation for Charity & Education in Bridgeport, CT (wife is on the board). Served as JP Morgan Trustee Representative onnThe William R. Kenan, Jr. Charitable Trust and as a Director of each of its four related charitable funds.
Industry leadership: Served on the Executive Committees of the Trust Management Association, Inc. and the Trust & Investments Division of the New York State Bankers Association. Served as Bank Representative for three separate firms (JP Morgan, Goldman Sachs & Citigroup) on the Trustees’ Committee of The New York Community Trust.
Other: Vice President and Governor, The Preston Mountain Club, Inc. Knight of Malta. Eagle Scout.
Passions: Family, travel, writing (former Editor-in-Chief of the Vanderbilt Journal of Transnational Law; currently contributing columnist for the Greenwich Sentinel), skiing, fly-fishing and classic cars of the 1960s and 70s.
Education:
AB, cum laude, Government (with honors), Dartmouth College 1980.
JD Vanderbilt Law School 1983.
Email: dfitzpatrick@northwaywealth.com
