October 26th, 2018

In the news: Greg A. Shell

Eastern Bank has appointed Greg A. Shell, a managing director of the Bain Capital Double Impact Fund and a Boston area civic leader, as a director to its board, as well as a member of its board of trustees. He has been a member of Eastern’s board of corporators since 2011 and currently serves on the bank’s investment advisory committee and trustee-corporator nominating committees.

He also leads the investment committee for the Business Equity Fund which Eastern recently launched in partnership with the Boston Foundation. The fund provides an alternative financing source and access to capital for qualified black and Latino businesses that are constrained by conventional financing practices and methodologies, restricting their ability to grow.

“We are delighted to have Greg join Eastern’s board of directors,” says Deborah Jackson, lead director of Eastern Bank. “He operates at the nexus of economics and local and world events, and pivots easily among finance, philanthropy and other sectors. We look forward to continuing to benefit from his many insights.”

“Over the past seven years, Greg has been a terrific thought partner who has had an increasingly significant impact upon Eastern within multiple dimensions of our work,” adds Bob Rivers, chair and CEO of Eastern Bank. “He is one of the most thoughtful contributors in Greater Boston’s business and philanthropic communities, with the professional experience and deep community engagement that make him an excellent addition to our board.”

Shell joined Bain Capital as a managing director in 2016 to co-lead the Double Impact Fund (BCDI), Bain Capital’s $350 million social impact private equity fund, with former Massachusetts Governor Deval Patrick. The fund aims to deliver commercial rates of private equity return across three areas of focus: health and wellness, sustainability, and community building.

Prior to joining Bain Capital, Shell was a portfolio manager at Grantham, Mayo, Van Otterloo (GMO), then a $120 billion global investment management firm, where he led the Global Focused Equity Fund.

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