Founders

Our founders, having been clients of numerous financial services firms over their respective lifetimes, recognized a significant void in the marketplace by those able to provide the experience that high net worth families need and require to manage the financial affairs of their families.

The larger financial institutions, while deep in talent and resources, and having a broad menu of product and service offerings, were prone to excessive staff turnover, tended towards bureaucratic and legalistic responses, had numerous conflicts of interest embedded into their business model, and forced clients to adapt to their business models instead of focusing on specific client goals and objectives.

The smaller firms, alternatively, offered personalized, tailored services, and positioned themselves to eliminate many of the conflicts of interest found in their larger brethren, but oftentimes lacked the resources and depth necessary to provide the world-class solutions that today’s complicated families require.

With their families unable to find a firm that provided both the resources and breadth of offerings they required, while at the same time ensuring that their interests were aligned with their provider, our founders set out to create a solution in the name of Perspecta Trust.

Concurrent with this mindset, the founders worked with the New Hampshire-based business community and the state’s legislative and executive branches to craft a plan to create the nation’s best state situs for trusts. With such, they spearheaded the passage and enactment of the watershed legislative bill aptly titled, “The Trust Modernization Act of 2006”. Since that early success, six additional trust-related bills have been passed by the state’s legislature, which have served to further refine and modernize New Hampshire trust statutes.

Today, both the state of New Hampshire and Perspecta Trust, sit atop their respective fields. New Hampshire is now widely recognized as the leading trust situs within the nation, and Perspecta Trust has established itself as the “go to” firm within the state for ultra-high net worth families seeking comprehensive solutions to meet their financial goals and objectives.


paul m. montrone

Chairman

For more than three decades, Paul M. Montrone has directed the development of a number of businesses in a diverse set of industries. These include both the public companies indicated below, and his private business interests which have been conducted through Bayberry Financial Services Corporation (formerly Latona Associates), Liberty Lane Partners, and Perspecta Trust LLC. He is presently Chairman of these entities.

Mr. Montrone was the CEO of Fisher Scientific International Inc. from its initial public offering in 1991 until its merger with Thermo Electron in 2006, forming Thermo Fisher Scientific Inc. Under Mr. Montrone’s leadership, Fisher was transformed from a North American manufacturer and distributor into a global enterprise supplying research, testing and clinical laboratories in 150 countries with over 600,000 products and services. Annual sales increased from $760 million in 1991 to approximately $6.0 billion in 2006. Over this 15 year period, the equity value of Fisher increased from approximately $200 million to $12 billion and the annual return to shareholders was 26% compounded.

Prior to leading Fisher Scientific, Mr. Montrone was the Chairman and CEO of Wheelabrator Technologies Inc., a leading environmental services company that is now a wholly owned subsidiary of Waste Management, Inc. Annual shareholder returns at Wheelabrator under his leadership were 22% compounded.

Previously, Mr. Montrone was Executive Vice President of The Signal Companies, Inc., and its successor, AlliedSignal Inc. (now Honeywell International Inc.), as well as President of The Henley Group, Inc., and Executive Vice President and CFO of Wheelabrator-Frye Inc.

Mr. Montrone began his career at the Pentagon, serving in the Systems Analysis Group in the Office of Secretary of Defense Robert McNamara while a Captain in the U.S. Army. A helicopter pilot, he is now Chairman of the New England Helicopter Council.

For many years, Mr. Montrone also participated in healthcare policy matters at the national level. During the Clinton Administration, he was a member of the President’s Advisory Commission on Consumer Protection and Quality in the Health Care Industry, as well as a founder of the National Forum for Health Care Quality Measurement and Reporting. He was a Director of The Healthcare Leadership Council and the New England Healthcare Institute, a member of the Health and Retirement Task Force of the Business Roundtable, and is currently a Director and Treasurer of the Foundation for the National Institutes of Health.

He has also been involved in Washington, D.C., business policy matters, mainly through his activity with the Business Roundtable, where he was a member of its Planning Committee, and Chairman of the Civil Justice Reform Taskforce.

Mr. Montrone has served on a number of corporate boards and has also been active in many nonprofit institutions, especially The Metropolitan Opera, where he has served in various capacities over three decades including President and CEO. He is now President Emeritus. His current other nonprofit boards include the New England Conservatory, the Boston Symphony Orchestra, and the Columbia University Graduate School of Business.

Born in Scranton, Pennsylvania, Mr. Montrone was graduated magna cum laude from the University of Scranton and holds a Ph.D. from Columbia University.


paul m. meister

Vice Chair

Paul Meister is President of MacAndrews & Forbes Holdings Inc., a holding company with interests in a diversified portfolio of public and private companies. He is also co-founder of Liberty Lane Partners, LLC, a private investment company with investments in healthcare, technology, and distribution-related industries and Perspecta Trust, a trust company that provides trust and investment services. Mr. Meister previously served as Chairman and CEO of inVentiv Health, a leading provider of commercial, consulting, and clinical research services to the pharmaceutical and biotech industries.

Prior to that, he served as Chairman of the Board of Thermo Fisher Scientific Inc. and Vice Chairman of Fisher Scientific International, Inc., prior to Fisher’s merger with Thermo. During his tenure as an executive officer of Fisher Scientific, from 1991 to 2006, the company’s revenue and operating income grew at a compound annual growth rate of 15% and 23% respectively as operations grew from two countries to 27 and sales expanded into 140 countries worldwide.

Earlier in his career, Mr. Meister served in a number of executive leadership positions at Wheelabrator Technologies Inc., The Henley Group Inc., and AlliedSignal Inc. (now Honeywell International, Inc.). He began his career with Ford Motor Company.

Mr. Meister holds a Bachelor of Arts degree from the University of Michigan and an MBA from Northwestern University. He is a director of LKQ Corporation, Scientific Games Corporation, and Quanterix Corporation, is co-chair of the University of Michigan’s Life Sciences Institute External Advisory Board, and serves on the Executive Advisory Board of the Chemistry of Life Processes Institute at Northwestern University.