BOSTON--(BUSINESS WIRE)--Jun 18, 2026--
Fiduciary Trust Company, a Boston-based private wealth manager and trust company serving high-net-worth individuals, families, and institutions, as well as its parent companies and affiliates (collectively, “Fiduciary”), today announced the appointment of David Kimm and Joseph Thompson to the Board of Directors of its holding company.
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Mr. Kimm is a senior financial services executive with extensive experience in risk management, financial oversight, and business operations across leading institutions. He previously served as a Senior Advisor at McKinsey & Company and Chief Risk Officer and Treasurer at TD Ameritrade Holding Corporation. Earlier in his career, Mr. Kimm held senior leadership roles at Fidelity Investments, including Chief Financial Officer of its Institutional Brokerage Group, and served as Chief Risk Officer for Wells Fargo Advisors. In addition to his executive experience, Mr. Kimm has significant board and governance expertise, having previously served as a board member of the Depository Trust & Clearing Corporation (DTCC) and currently as an independent director and Chair of the Audit, Risk & Compliance Committee at R&T Deposit Solutions. He earned an MBA from New York University.
Mr. Thompson is a senior financial services executive with more than 30 years of experience leading growth, business transformation, and operational improvement initiatives across financial institutions. He most recently served as Chief Governance & Controls Officer at Truist Financial Corporation. Previously, he held several senior executive leadership roles at Truist, including Head of Truist Wealth and Chief Executive Officer and Chairman of the Board of Truist Investment Services and Truist Advisory Services, where he oversaw a multibillion-dollar wealth management platform serving private wealth, brokerage, and specialty client segments. Earlier in his career, Mr. Thompson served as Head of Investment Banking at SunTrust Robinson Humphrey. Mr. Thompson earned a Bachelor of Arts in Economics from Williams College and an MBA from Harvard Business School.
“David offers a combination of executive leadership, deep financial expertise, and board-level governance experience across some of the most respected institutions in our industry, while Joe adds exceptional depth in wealth management strategy, enterprise risk, and strategic transactions. Their perspectives will add significant value as we continue to advance our long-term strategy and position the firm for sustained growth,” said Doris Meister, Executive Chair of Fiduciary. “Attracting leaders of this quality is a meaningful part of the value that our partnership with GTCR, our private equity sponsor, makes possible.”
“As we enhance our client value proposition and invest in the capabilities that differentiate Fiduciary, Joe's experience and judgment will be invaluable. David's background spanning risk management, financial oversight, and operations at leading financial services firms makes him an exceptional addition to our Board. I look forward to their counsel and partnership as we build on Fiduciary’s strong foundation,” said Austin V. Shapard, President & CEO of Fiduciary Trust Company.
“Fiduciary has built a strong reputation for attracting talented professionals focused on their clients’ best interests. I look forward to working with the Board and management team to advance the firm’s strategic priorities, drawing on my experience in risk management and financial oversight to help further enhance its capabilities and support continued growth,” said David Kimm.
“I’m honored to join Fiduciary’s Board. The company stands out for its long history of providing objective, client-centered advice, and I’m excited by the opportunity to help build on this foundation by expanding the wealth management platform, enhancing operations, and supporting the firm’s next phase of strategic growth,” said Joseph Thompson.
These appointments further strengthen Fiduciary’s Board as the firm continues to execute its strategic growth agenda, including expanding its breadth of services, enhancing its investment platform, and further advancing technology to better serve clients, building on the firm's more than 140-year legacy of client service.
About Fiduciary Trust Company
Fiduciary Trust Company is a private wealth management firm focused on high-net-worth families, individuals, and nonprofits seeking objective advice to help grow and protect their investments. The firm also provides a range of services to professional financial advisors and single-family offices. Fiduciary’s capabilities include customized wealth planning, investment management, trust and estate services, and family office, tax, and custody services. Access to New Hampshire’s favorable trust laws is also available through its affiliate, Fiduciary Trust of New England.
Founded in 1885 as a family office, Fiduciary takes a personal approach based on expertise, strong performance, and a genuine commitment to act in its clients’ best interests. The firm’s client focus has enabled it to achieve a 98% average annual client retention rate.
For additional information about Fiduciary’s services, please visit www.fiduciary-trust.com or contact Sidney Queler at (617) 741-9343 or queler@fiduciary-trust.com.
Joseph Thompson, Board Member - FTC Holdings (Fiduciary Trust Company parent)
David Kimm, Board Member - FTC Holdings (Fiduciary Trust Company parent)
Ukraine struck a major Moscow oil refinery Thursday for a second time in a week, sending huge plumes of black smoke over the capital and disrupting flights at its airports in one of its biggest drone attacks since Russia’s full-scale invasion over four years ago, officials said.
Ukraine has repeatedly targeted Russian oil facilities, aiming to cut Moscow’s revenue for the war and make Russians feel the consequences of the invasion. Some areas have reported fuel shortages.
The attack by dozens of drones came hours after Ukrainian President Volodymyr Zelenskyy said he had held “an important coordination call” with the presidents of the United States and France and had won key pledges of further support from this week's G7 summit.
Zelenskyy was expected to hold talks in Brussels later Thursday with NATO and European Union leaders, including about the possibility of a continental system to defend against ballistic missiles. Russia has relentlessly struck Ukraine with those types of missiles, which air defenses struggle to counter.
The Moscow attack was the latest embarrassment for Russian President Vladimir Putin, after a Ukrainian drone attack on his hometown of St. Petersburg earlier this month as he welcomed foreign VIPs to his showcase economic forum in the city.
Thick, black smoke and occasional flames spewed from the Moscow Oil Refinery amid its red-and-white smokestacks on the southeastern edge of the city, about 15 kilometers (9 miles) from the Kremlin. Sooty, black rain fell on cars, according to local video.
“One of the most popular questions asked by Muscovites this morning is ‘What is going on?’" Ukrainian Foreign Minister Andrii Sybiha said in a post on X. "I can answer. Your country started a war of aggression against ours. For years, it has been killing our people. Now that you know what’s going on, ask Putin when he is planning to end it.”
The refinery is one of Russia’s biggest, according to its official website, and produces more than a third of the Moscow region's fuel. It was last attacked by Ukrainian drones on Tuesday, catching fire, but officials said the blaze was swiftly put out.
Flights from four Moscow airports were temporarily halted, transport and aviation authorities said.
In the greater Moscow region, a drone hit a residential building in the town of Zhukovsky, according to Gov. Andrei Vorobyov. Buildings elsewhere were damaged by drone debris, injuring 17 people, including two children, he added.
The Russian Defense Ministry said that its air defenses overnight shot down 555 Ukrainian drones over multiple regions, with almost 200 intercepted as they were approaching Moscow. That was roughly double the number of drones that Russia launched at Ukraine overnight, according to the Ukrainian air force.
Putin on Thursday was in Kazan, some 700 kilometers (430 miles) east of Moscow, hosting leaders of the Association of Southeast Asian Nations as Russia seeks to bolster business and other ties with the nations of the regional bloc.
Zelenskyy said the Moscow attack was part of Ukraine’s efforts to force Putin to the negotiating table. The Ukrainian president has accepted an unconditional ceasefire demanded by Trump but Putin has refused, and U.S.-led peace efforts have petered out.
“If Putin does not want to end this war and wants to continue it, we will not sit quietly — we will respond,” he added in a voice message to a group chat with journalists.
“We do not want this war and never did,” he said. “But if Ukraine is going to burn, your Moscow will burn too. … It is time to end the aggression, time to end this war.”
As well as pledges of more diplomatic and military help at the G7 summit, Ukraine recently has gained momentum on the battlefield against Russia’s bigger army thanks to its high-tech drones, Western officials and analysts say.
Longer-range drone strikes are choking Russian supply lines in occupied regions of Ukraine, in addition to disrupting Russian oil production.
Macron said the G7 summit was “very important for Ukraine” because its supporters — crucially including the United States — vowed to help it, although the French president provided no details. The U.S. under Trump has cut back assistance to Ukraine, leaving the Europeans as the biggest suppliers of military and financial aid. Trump and Zelenskyy have had an at times strained relationship.
“America is with us on Ukraine, that is very important,” Macron told reporters as he and Trump left the Palace of Versailles near Paris.
In other developments Thursday, Russia struck the city of Sumy in northeastern Ukraine with two powerful glide bombs that killed a 64-year-old man who was fishing in a river, said Oleh Hryhorov, head of the regional military administration.
Another Russian strike on the central city of Dnipro killed one man and wounded nine other people, said Oleksandr Hanzha, head of the Dnipropetrovsk regional military administration.
Follow the AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine
Belgium's King Philippe, right, and Ukraine's President Volodymyr Zelenskyy arrive for their meeting at the Royal Palace in Brussels, Thursday, June 18, 2026. (AP Photo/Geert Vanden Wijngaert)
Russian President Vladimir Putin attends the Russia-ASEAN summit in Kazan, Russia, Thursday, June 18, 2026. (Sergei Bobylev/Sputnik, Kremlin Pool Photo via AP)
This photo provided by Moscow Region Governor Andrei Vorobyev's official telegram channel shows firefighters extinguish a burning car after a Ukrainian drone attack outside Moscow on Thursday, June 18, 2026. (Moscow Region Governor Andrei Vorobyev's official telegram channel via AP)
This photo released by Moscow Region Governor Andrei Vorobyev's official telegram channel shows the damage in a country side after a Ukrainian drone attack outside Moscow on Thursday, June 18, 2026. (Moscow Region Governor Andrei Vorobyev's official telegram channel via AP)
Russian President Vladimir Putin, center, attends the Russia-ASEAN summit in Kazan, Russia, Thursday, June 18, 2026. (Mikhail Metzel/Sputnik, Kremlin Pool Photo via AP)
This photo provided by Moscow Region Governor Andrei Vorobyev's official telegram channel shows smoke rising from a damaged building after a Ukrainian drone attack outside Moscow on Thursday, June 18, 2026. (Moscow Region Governor Andrei Vorobyev's official telegram channel via AP)
