Eastern Bank Welcomes Andrew Hersom as Senior VP of Investor Relations

Eastern Bank Introduces Andrew Hersom as New Senior VP

Eastern Bank, a leading local financial institution in Greater Boston, is proud to announce the appointment of Andrew Hersom as Senior Vice President and Head of Investor Relations. With a wealth of knowledge and expertise acquired over 19 years, Mr. Hersom joins the bank during a time of growth and strategic development.

Mr. Hersom's Impressive Background

Andrew Hersom transitions to Eastern Bank from Argo Group International Holdings, where he played a pivotal role as the head of investor relations. His responsibilities included engaging with the investment community, enhancing transparency, and supporting shareholder relations. This role demonstrated his proficiency in fostering investor confidence and managing relationships effectively.

Before joining Argo Group, Mr. Hersom served as the Senior Vice President of Investor Relations at People’s United Financial, Inc., where he guided the communication strategies that supported the company's remarkable growth leading up to its acquisition by M&T Bank. His career also includes notable roles as the Director of Investor Relations with The Travelers Companies, Inc., and as a financial analyst at Citigroup Life Insurance & Annuities, showcasing his strong analytical capabilities and seasoned understanding of finance.

Strategic Leadership at Eastern Bank

Denis Sheahan, the Chief Executive Officer of Eastern Bank, expressed enthusiasm over Mr. Hersom's appointment. “It’s a pleasure to welcome Andrew to Eastern,” he shared. Mr. Sheahan highlighted Mr. Hersom’s extensive experience in the field and the natural synergies with Eastern’s existing team, particularly noting his past collaboration with Chief Financial Officer David Rosato during their tenure at People’s United Financial.

Jillian Belliveau, who previously spearheaded investor relations, will now refocus her talents primarily on Treasury while maintaining her involvement in strategic initiatives. This transition allows the bank to streamline its leadership as it continues to grow and adapt to the ever-evolving financial landscape.

Appreciation for Previous Leadership

In line with this leadership shift, Mr. Sheahan took a moment to commend Jillian Belliveau for her outstanding contributions as Treasurer and her instrumental role in building the investor relations function since Eastern’s initial public offering (IPO). The bank is grateful for her dedication and hard work, noting how her efforts have greatly influenced the institution’s investor relations strategy.

About Eastern Bank

Established in 1818, Eastern Bank has earned its reputation as a cornerstone of the Greater Boston community. With over 110 branches serving various regions, the bank holds approximately $25.5 billion in assets as of late September 2024. Eastern Bank is committed to offering a comprehensive suite of banking and wealth management services tailored to individual and business needs.

The bank’s Cambridge Trust Wealth Management division stands out as the largest bank-owned independent investment advisor in Massachusetts, managing around $8.4 billion in assets. Eastern takes great pride in its community engagement and advocacy, having contributed over $240 million in charitable donations since 1994, reflecting its dedication to making a positive impact.

As Eastern Bank looks to the future, it remains focused on building strong relationships with its customers and communities, embodying its core values of trust and service. The cohesive team of professionals is committed to ensuring that Eastern Bank continues to thrive and support the financial well-being of all it serves.

Frequently Asked Questions

Who is Andrew Hersom?

Andrew Hersom is the newly appointed Senior Vice President and Head of Investor Relations at Eastern Bank, bringing over 19 years of investor relations expertise.

What previous roles did Andrew Hersom hold?

Before joining Eastern Bank, Mr. Hersom was the head of investor relations at Argo Group and served as Senior VP of Investor Relations at People’s United Financial.

What is Eastern Bank's asset size?

As of late September 2024, Eastern Bank has approximately $25.5 billion in assets.

When was Eastern Bank founded?

Eastern Bank was founded in 1818 and has been a leader in the banking industry since its inception.

What community initiatives does Eastern Bank support?

Eastern Bank is deeply committed to community support and advocacy, having contributed over $240 million to charitable causes since 1994.

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