Montecito Bank & Trust’s (MB&T) Wealth Management group has appointed Lloyd Kurtz to the role of chief investment officer (CIO), succeeding Thomas Fisher, who has transitioned to senior vice president/senior portfolio manager.

A nationally recognized leader in responsible and sustainable investment, Kurtz joined the Montecito Bank & Trust Wealth Management group in May 2023 as the planned successor to Fisher.

Before joining MB&T, Kurtz managed Wells Fargo’s Social Impact Investing Team; and prior to that was chief investment officer at Nelson Capital Management, an investment firm owned by Wells Fargo.

“Our team is grateful for Tom’s expertise over the last four years, his leadership has contributed to the meaningful growth of our assets under management,” said Jeff Pittman, executive vice president/director of Wealth Management.

“The team is excited to carry that momentum forward in partnership with Lloyd in his new role,” Pittman said.

“I am confident that Lloyd’s broad experience as an analyst, portfolio manager and chief investment officer, combined with his expertise in goals-based investing and portfolio construction, will continue to accelerate our growth, support our high-touch client service standards, and reinforce our Wealth Management group’s leadership within Santa Barbara and Ventura counties,” he said.
 
Kurtz’s some 30 years of experience includes work in sustainable finance, quantitative investing, and financial planning.

“Since joining MB&T I’ve been consistently impressed with the quality of the organization and its reputation within the community,” Kurtz said. “Our wealth team has a great team-oriented culture, deep capabilities, and significant growth opportunities.”

As CIO, Kurtz leads a team of investment professionals, including seven portfolio managers and two investment analysts.