Company News

Washington Trust Announces New Private Client Group

January 07, 2019

Confessore Leads Team Which Includes Former RISCPA President Bob Mancini

Westerly, RI - The Washington Trust Company today announced a new private client initiative designed to provide personalized financial solutions for business owners, executives, and high net worth individuals, their families and their organizations. Washington Trust’s Private Clients Group will be led by Senior Vice President, Joseph Confessore, who will continue to serve as a Team Leader in the Bank’s Commercial and Institutional Banking Group. Robert A. Mancini, former President of the Rhode Island Society of Certified Public Accountants, has joined Washington Trust’s Private Clients Group as a Vice President and Senior Private Client Advisor. Washington Trust offers a wide range of financial services, including commercial, mortgage and personal banking, as well as wealth management, trust, and estate planning services. The Private Clients Group will serve as a single source of these services, providing tailored solutions with a holistic client experience.

“Washington Trust has been helping generations of businesses and families manage their wealth and achieve their life goals for more than 200 years,” said Mark K.W. Gim, Washington Trust President and Chief Operating Officer. “The Private Clients Group allows us to provide a comprehensive suite of services with specialized focus on individual client needs. Joe and Bob are experienced, trusted advisors who are well-respected in the Rhode Island professional community.”

Confessore joined Washington Trust in 2003 and has been instrumental in the Bank’s middle market commercial and institutional lending throughout Southern New England. Prior to joining Washington Trust, he spent several years serving in regional and national financial institutions in roles supporting business owners and their companies from asset based lending and private banking platforms. Confessore has a bachelor's degree from the University of Rhode Island and an M.B.A. from Providence College. He is past President of the University of Rhode Island Alumni Association and continues to serve on the College of Business Advisory Council and as a Trustee of the URI Foundation. A Rhode Island resident, Confessore is an alumnus of Leadership Rhode Island and a board member of the RI Industrial Facilities Corporation.

Mancini joins Washington Trust from the Rhode Island Society of CPA’s (RISCPA), where he oversaw the operations of the more than 2,400-member society as President since 2006. As President, he was responsible for growing the Society’s membership by nearly 40% and was recognized for advancing business development and partnerships bolstering RISCPA’s mission to support a strong business environment in the State. Prior to his tenure with RISCPA, Mancini served in various wealth management, commercial lending, private and retail banking roles across New England for more than two decades. He graduated from Providence College with a bachelor's degree in business administration and holds a certificate from The New England School of Banking at Williams College. Mancini is strongly committed to the community, currently serving as; and as a member of CCRI’s business advisory board; the United Way board; the Northern RI Chamber of Commerce board; the St. Elizabeth Community finance committee; the Public Finance Management board; the RI Foundation Professional Advisory Council; RI’s Health Services Council; AICPA’s UAA Committee and the RI Commodores.

About Washington Trust Wealth Management
Washington Trust Wealth Management is one of the premier wealth management firms in the Northeast, providing financial planning, asset management and trust and estate planning services to high-net-worth clients, endowments, foundations, retirement plan sponsors and other institutional investors for more than a century. Washington Trust Wealth Management provides services through its offices in Rhode Island (Providence, Westerly, and Narragansett) and through its registered investment advisers, Weston Financial Group, Inc. in Wellesley, Massachusetts and Halsey Associates, Inc. in New Haven, Connecticut. Washington Trust Wealth Management is a division of The Washington Trust Company, a subsidiary of Washington Trust Bancorp, Inc., (NASDAQ OMX®: WASH).

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This document is intended as a broad overview of some of the services provided to certain types of Washington Trust Wealth Management clients. This material is presented solely for informational purposes, and nothing herein constitutes investment, legal, accounting, actuarial or tax advice. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. Please consult with a financial counselor, an attorney or tax professional regarding your specific financial, legal or tax situation. No recommendation or advice is being given in this presentation as to whether any investment or fund is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors, or markets identified and described were, or will be, profitable.

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