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Pennsylvania Trust Names George C. McFarland, Jr. CEO to Succeed Richardson T. Merriman

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11/10/2017 | 03:39pm CEST

RADNOR, Pa., Nov. 10, 2017 (GLOBE NEWSWIRE) -- Pennsylvania Trust, a Philadelphia area wealth management firm, announced today that at the end of the year founder and CEO Richardson T. Merriman will step down and current President and Chief Investment Officer George C. McFarland, Jr. will become CEO.

George McFarland
Pennsylvania Trust names George McFarland as new CEO.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c5f5a20d-ef09-44dd-abfb-24b668d5d9c1

Mr. Merriman, who founded Pennsylvania Trust in 1986, will remain Chairman of The Pennsylvania Trust Company, a role in which he will continue leading the Board, and managing client relationships and client development.

Upon taking the helm on January 1, Mr. McFarland will lead the management and strategic direction of Pennsylvania Trust, and continue to oversee the firm’s investment policy and strategy.

In 1998, Mr. McFarland joined the firm as Director of Marketing and Business Development, following a successful 14-year career as an attorney. He soon transitioned into investment management and later began to oversee portfolio management and fiduciary services, including trust administration, tax, estate and account services. Mr. McFarland was appointed Executive Vice President and joined the firm’s Board of Directors in 2011. In 2012, he was named President, and four years later he became Chief Investment Officer.

“George’s outstanding leadership, intellect, integrity and dedication to client service have been critical factors in our success,” Mr. Merriman said.  “George and I have worked together for almost two decades now, and I know he shares my philosophy of always putting our clients’ best interests at the forefront of everything we do. I am excited to see Pennsylvania Trust continue to flourish under George’s guidance.”

In addition to his professional work, Mr. McFarland serves on the Board of Trustees at the Haverford School, Board of Directors for the Mann Center for Performing Arts and the Board of Trustees for the St. Andrew’s Society of Philadelphia Foundation. He is a past President of the Bryn Mawr Presbyterian Church Foundation and also served on the Board of Trustees of the Bryn Mawr Presbyterian Church. He was a member of the Board of The Bryn Mawr Hospital Foundation and was Chairman of the Board for three years. He is also a past Vice President and Director of The Timothy School, a local school serving the needs of children with autism and pervasive developmental disorders. In 2009 and again in 2012, Mr. McFarland was named one of the “Best Personal Wealth Managers in the Philadelphia Area” by Philadelphia Magazine.

“I am honored and humbled to be filling the shoes of such an extraordinary leader,” Mr. McFarland said. “Rich’s dedication to our clients and to the quality of services we provide has served as a compass for how I’ve grown within the investment industry. The future of Pennsylvania Trust is bright.”

Mr. McFarland has a Bachelor of Arts degree in American History from Princeton University and a Juris Doctor degree from Duke University School of Law.

About Pennsylvania Trust
Pennsylvania Trust is a leading independent, employee-owned wealth management firm in the Philadelphia region, with more than $3.6 billion in assets under management and administration. For over 30 years, the firm has focused on compassionate and caring client service. Recognized for its award-winning service as a fiduciary, Pennsylvania Trust provides investment, financial planning, tax, trust, estate and philanthropic solutions to help individuals, families, nonprofits and other organizations preserve and grow their wealth.

Blair Kahora Cardinal
(610) 228-0687

© GlobeNewswire 2017
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