Trillium Returns to Fully Independent Ownership
Trillium Asset Management Corporation recently completed the repurchase of convertible preferred stock that was issued to Wainwright Bank’s Progressive Securities subsidiary in November 1997. With the repurchase, Trillium is now owned entirely by its employees and board members.
“Wainwright Bank has been an important partner over the past thirteen years, sharing with Trillium a unique vision of values and commitment to social responsibility for the clients we serve,” commented Trillium CEO Matt Patsky. “The Trillium team is passionate about remaining an independent, client focused SRI asset management firm, and we had the opportunity to accomplish this through the repurchase.”