Eastern Bank Strengthens Its Private Banking Division with the Appointment of Industry Veteran Diana Kenneally as Senior Vice President, Private Banker
Eastern Bank, one of the nation’s oldest and largest mutual banks, has announced the appointment of Diana Kenneally as Senior Vice President, Private Banker within Cambridge Trust Private Banking, a division of Eastern Bank. The move underscores Eastern’s continued investment in expanding its private banking capabilities and deepening its relationships with high-net-worth clients across New England.
With more than three decades of financial services experience, Ms. Kenneally brings a rich background in escrow management, private equity client service, and complex wealth advisory solutions. Her appointment reinforces Eastern Bank’s commitment to combining personalized attention with institutional strength, ensuring that clients receive the highest level of expertise and service.
“We are pleased to welcome Diana Kenneally to Eastern’s Private Banking team,” said Kerri Mooney, Executive Vice President of Private Banking for Eastern Bank. “Her deep experience in escrow services and a range of sectors including private equity, combined with her commitment to outstanding client service, make her a great addition. Diana’s leadership will be instrumental as we continue to enhance our high-touch, client-centered private banking model.”
A Career Built on Trusted Financial Relationships
Over her 30-year career, Diana Kenneally has earned a reputation as a trusted advisor to high-net-worth clients and institutions navigating complex financial landscapes. She has held senior leadership roles at several major financial organizations, gaining deep expertise in managing sophisticated client portfolios, implementing strategic wealth management plans, and overseeing escrow and specialized financial transactions.
Most recently, Ms. Kenneally served as Senior Private Banker for the New England region at BNY Mellon Wealth Management, where she worked closely with affluent individuals, families, and business owners to develop customized strategies addressing their investment, banking, and legacy planning needs. Her role required balancing a nuanced understanding of wealth preservation with long-term growth, while also navigating the increasingly intricate intersection between personal wealth and business assets.
At BNY Mellon, she helped clients structure diversified portfolios and provided guidance on liquidity events, succession planning, and intergenerational wealth transfers. Her ability to anticipate client needs and design proactive solutions earned her recognition as a reliable and trusted financial partner.
Before her tenure at BNY Mellon Wealth Management, Ms. Kenneally served as Senior Vice President, Escrow and Specialized Services at Texas Capital Bank, where she led initiatives to strengthen escrow administration and improve client service delivery. She also held a similar leadership role at Citizens Financial Group, serving as Senior Vice President, Deposit Escrow Relationship Manager, where she worked on building out specialized service capabilities for high-value corporate and private equity clients.
Her early career included over a decade at BNY Mellon, beginning in 2006, where she managed various escrow and relationship management functions that laid the foundation for her deep industry knowledge.
A Record of Leadership and Professional Engagement
In addition to her extensive professional experience, Ms. Kenneally’s leadership extends beyond the banking industry. She is an active contributor to several professional and civic organizations across New England, reflecting her commitment to mentorship, community service, and women’s leadership in finance.
She currently serves as a member of the New England Advisory Board for the Alliance of Merger & Acquisition Advisors (AM&AA), where she helps guide initiatives aimed at connecting professionals involved in the life cycle of middle-market businesses—from growth and financing to exit and succession.
Ms. Kenneally also plays an active role in the Boston Steering Committee of the Women’s Association of Venture & Equity (WAVE), an organization dedicated to empowering women in private equity and venture capital through professional development, networking, and advocacy.
In addition, she serves on the Women’s Leadership Committee for the Association for Corporate Growth (ACG) Boston, further cementing her position as a leading voice in promoting diversity, inclusion, and professional advancement for women in the finance industry.
Ms. Kenneally holds both a Series 7 license and a Series 63 license, credentials that underscore her comprehensive understanding of securities, investments, and compliance. She earned her Bachelor of Arts degree from Emmanuel College, where she previously served on the institution’s Alumni Association Board—an early indication of her lifelong dedication to service and leadership.
A New Chapter at Cambridge Trust Private Banking
Joining Cambridge Trust Private Banking, Ms. Kenneally will play a pivotal role in expanding the division’s reach and enhancing its service model for individuals, families, and business owners. As part of Eastern Bank’s Private Banking group, Cambridge Trust Private Banking focuses on delivering integrated banking and wealth management services, combining deep expertise with a personalized, relationship-driven approach.
“Cambridge Trust Private Banking is recognized for delivering exceptional client service through holistic banking and wealth management solutions personalized to business and individual needs,” said Diana Kenneally, Senior Vice President, Private Banker of Cambridge Trust Private Banking, a Division of Eastern Bank. “I’m excited to join the team and help clients achieve their goals. My passion has always been about empowering clients to manage their financial lives with confidence, clarity, and strategic insight.”
Her focus will include providing tailored banking solutions for entrepreneurs, private equity professionals, and high-net-worth families—groups that often require a specialized understanding of liquidity management, deal structure, and wealth transition planning.
With her extensive background in escrow services and high-value transactions, Ms. Kenneally is uniquely positioned to support clients navigating major liquidity events such as business sales, recapitalizations, or large-scale investments.
Eastern Bank’s Legacy of Client-Centered Banking
Founded in 1818, Eastern Bank is one of the oldest and most trusted financial institutions in the United States. The bank’s mission has always been rooted in community service, integrity, and innovation, serving individuals, families, and businesses across New England with a full suite of financial services.
Through the integration of Cambridge Trust Private Banking, Eastern Bank has further strengthened its presence in the high-net-worth and business-owner market segments. The division offers a comprehensive platform that combines private banking, wealth management, and trust services, allowing clients to access the resources of a major financial institution while maintaining the personal touch of a boutique firm.
The private banking team works closely with clients to provide personalized solutions that evolve with their financial journey—whether they are in the early stages of building wealth, expanding their business, or preparing for legacy planning and intergenerational wealth transfer.
“Our private banking model is built on relationships, not transactions,” said Kerri Mooney. “We take the time to understand each client’s story, ambitions, and challenges. With leaders like Diana joining our team, we are better equipped than ever to deliver thoughtful, strategic guidance that truly reflects the values and goals of the people we serve.”
Empowering Clients Through Integrated Solutions
Cambridge Trust Private Banking operates with the philosophy that financial success is deeply personal. The division’s approach is not limited to managing assets—it extends to understanding clients’ professional goals, family dynamics, and long-term aspirations.
Private bankers at Cambridge Trust work collaboratively across departments, ensuring clients have access to integrated credit, deposit, investment, and trust services. This holistic model allows for more agile decision-making and proactive planning, especially for clients whose personal and business interests are closely intertwined.
Ms. Kenneally’s appointment is a reflection of this integrated strategy. Her expertise in escrow services and private equity transactions bridges the gap between personal financial management and corporate-level complexity—an increasingly valuable skill set as more business owners and investors seek cohesive financial solutions under one roof.
A Commitment to Excellence and Growth
Eastern Bank’s expansion of its private banking leadership comes at a pivotal moment for the institution. Following the merger with Cambridge Trust Company, the bank has reaffirmed its dedication to maintaining a strong culture of client service while leveraging its expanded scale and capabilities.
With over two centuries of legacy, Eastern Bank continues to evolve, combining innovation with personal relationships. The integration of professionals like Diana Kenneally signals not just an investment in talent, but a continuation of a tradition—one that places clients, communities, and relationships at the heart of banking.
“We’re entering an exciting phase of growth,” Mooney added. “Our goal is to deepen relationships and broaden our impact. The addition of seasoned leaders like Diana strengthens our ability to deliver sophisticated financial solutions while preserving the personalized service that defines Eastern Bank.”
About Eastern Bank
Founded in 1818, Eastern Bank is Greater Boston’s leading local bank with approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of June 30, 2025, Eastern had approximately $25.5 billion in assets. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division, the largest bank-owned independent investment adviser in Massachusetts with $8.7 billion in assets under management, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at and follow Eastern on and . Eastern Bankshares, Inc. (Nasdaq: EBC) is the holding company for Eastern Bank. For investor information, visit
