Former President of the Federal Reserve Bank of Boston as well as Chairman and CEO for Freddie Mac, Syron brings a decorated record of leadership
BOSTON, MA, March 4, 2020 – J.P. Marvel, an independent wealth management firm in Boston, today announced the appointment of Richard F. Syron to its board of advisors. Syron brings more than 40 years of experience in economic policy, banking, and leading businesses through transitions and reorganizations.
“We are pleased to welcome Richard Syron to our board of advisors,” said Joseph “Joe” Patton, CEO of J.P. Marvel. “Richard brings strong financial expertise and leadership in economic policy and banking. His perspective and knowledge, which includes both business and government, will be important as our firm continues to grow into the next decade.”
Previously, Syron served as the chairman and CEO of the Federal Home Loan Mortgage Corporation (Freddie Mac) until 2008. Prior to joining Freddie Mac, he was the chairman of the board of Thermo Electron Corporation; he also held the positions of CEO and president during his tenure. Before he joined Thermo Electron, Syron was the chairman and CEO of the American Stock Exchange and led the exchange through its 1999 merger in the National Association of Securities Dealers, the operator of NASDAQ.
Syron was also the President of the Federal Reserve Bank of Boston and played a major role in restructuring New England’s banking system in the early 1990s.
“J.P. Marvel represents the best of what the wealth management industry has to offer clients,” said Syron. “I’m proud to be joining their already strong board of advisors and I look forward to providing guidance on strategy and specific initiatives to grow the business and expand client services offerings.”
Founded in 2007, J.P. Marvel offers customized wealth management services and portfolio construction for high net worth individuals and families. The firm also develops wealth solutions for foundations and endowments.
“With the addition of Richard Syron, our board is primed to provide leadership regarding J.P. Marvel’s strategy and growth opportunities,” said Joseph “JP” Patton, President of J.P. Marvel. “We are proud that our board reflects our team – a collection of brilliant leaders with distinct backgrounds who will benefit our firm for years to come.”
About J.P. Marvel
J.P. Marvel is an SEC-registered investment advisory firm. The firm provides investment management and financial planning services to high net worth individuals and families, endowments, and foundations. Since 2007, J.P. Marvel has delivered a comprehensive set of solutions that help clients preserve, manage, and build their wealth. J.P. Marvel strives to foster and sustain long-term relationships that spans generations by merging their investment management and financial expertise. For more information, visit https://jpmarvel.com/.