Impact Investing Expert Lloyd Kurtz Joins Montecito Bank & Trust Wealth Management
May 31, 2023
Santa Barbara, Calif. – Montecito Bank & Trust's (MB&T) Wealth Management group, with $2 billion in assets under management across private clients, nonprofits and foundations, continues to grow their highly experienced team and expand the group's breadth of offerings to help meet increased client demand. The newest addition to the accomplished team is Lloyd Kurtz, a seasoned professional and nationally recognized leader in Social Impact / ESG investing, a practice which seeks to align a client's values with their investment portfolio, or portion thereof, while also achieving a profitable financial return.
Lloyd Kurtz joins the Wealth Management group as SVP / Senior Portfolio Manager, where he will advance the group's impact/ESG investment practice and design portfolios for clients that align with individual values and investment goals. He commented "I am so excited about joining Montecito Bank & Trust. The organization is sincerely devoted to taking care of clients and to supporting the community. I am excited to bring my years of experience on ESG investing to a community bank with such a strong reputation." A published writer, visiting scholar and lecturer, Lloyd’s 39 years of experience includes over 20 years spent developing his extensive expertise in ESG and impact investment management. Prior to his most recent role as Senior Portfolio Manager and Head of Social Impact Investing at Wells Fargo Wealth Management, Mr. Kurtz was Partner, Chief Investment Officer at Nelson Capital, an asset management firm purchased by Wells Fargo.
"Lloyd is a nationally recognized expert in Social Impact or ESG investing. He is passionate about investing, client communication and service. In his previous position, Lloyd led a national team of investment professionals where his ESG strategies outperformed their benchmarks on a risk-adjusted basis from 2016 through April of 2023," said Tom Fisher, SVP / Chief Investment Officer at MB&T Wealth Management, "I believe his unique skill set in impact investing, equity strategy and team-based investment management will benefit our clients for many years to come."
Earning his MBA with honors from Babson College, Lloyd is a Chartered Financial Analyst (CFA®) and holds a Bachelor of Arts double major in English and Psychology from Vassar College. Lloyd is a Visiting Scholar at the Kellogg School of Management at Northwestern University and plays a leading role in the Moskowitz Prize, which annually recognizes outstanding academic research in the field of sustainable finance. He served on the Sustainability Accounting Standards Board from 2017-2022. Early in his career, he was part of the team that created the Domini 400 Social Index (now the MSCI KLD 400 Social Index), the first broad-based responsible investment index in the United States. A recipient of the SRI (Socially Responsible Investing) Services Award, Lloyd’s recent research focuses on the relationship between ESG performance and the competitiveness of firms. Mr. Kurtz has published numerous reviews of social investment literature, and also authored a chapter on social investment for the Oxford Handbook of Corporate Social Responsibility (2008)
Montecito Bank & Trust is the oldest and largest locally owned community bank in the Santa Barbara and Ventura counties. Founded in 1975, the bank celebrated its 47th anniversary on March 17, 2022 and operates 11 branch offices in Santa Barbara, Goleta, Solvang, Montecito, Carpinteria, Ventura, Camarillo and Westlake Village, with plans to expand north and south into Santa Maria and Oxnard in 2023. Montecito Bank & Trust has a history of unwavering corporate philanthropy in the local communities it serves, annually donating $1.5 million dollars and volunteering over 5,400 hours to nonprofit organizations in Santa Barbara and Ventura counties. The bank offers a variety of competitive deposit and lending solutions for businesses and consumers, including business loans and lines of credit; commercial real estate finance; SBA loans; mortgage loans, consumer loans; credit cards; merchant services; and online services, including mobile banking and cash management. Its Wealth Management Division provides comprehensive trust services and full investment management for all branch office markets. The Bank has earned 23 Best Bank awards in the last 10 years, in addition to numerous accolades for Best Mortgage and Best Financial Services Company in Santa Barbara, Best Investment Company in Santa Ynez Valley and the third Best Bank to Work For in the United States (American Banker Magazine).