Lecturer; Executive and Innovator in Investments, Markets and Wealth Management
Steve Bodurtha has spent his career building investment, wealth management and markets businesses. As the head of Citi Private Bank’s investment business in North America, Steve led its transformation from a banking and lending dominated business and culture to a leading provider of investment and wealth services to ultra-high net worth clients. This organization was recognized as the “Best Private Client Investment Platform” by the 2015 and 2016 Family Wealth Report Awards.
Prior to joining Citi Private Bank in 2009, Steve co-headed the investments, wealth management and insurance organization, as well as the retirement business, at Bank of America Merrill Lynch. He was appointed Vice Chairman of Merrill Lynch Global Wealth Management. He began his career with Merrill Lynch in investment banking and held multiple leadership roles in the firm’s institutional and wealth management divisions over two decades.
Steve has been a leading innovator in investment and wealth services and a builder of strong professional teams. He is a co-creator of the $100+ billion in assets Sector Spdrs exchange-traded funds. He started and built the retail structured products business at Merrill Lynch and led the development of open architecture trading methods for the benefit of investors. He hired the first chief investment strategist in the wealth management division of Merrill Lynch, delivered recognized innovations in asset allocation, and launched the firm’s first unified multi-product, multi-asset class managed account platform. Steve was featured in an HBS case study in Investment Management, and in the book, The Super Traders.
Steve is the Founder and CEO of Flexbridge Partners LLC, and is an independent board director of Luma Financial Technologies LLC. He has an M.B.A. from Harvard Business School, where he also wrote cases. He graduated magna cum laude from Wesleyan University with a B.A. in Government.
Steve has served as a board and executive committee member of a major New England synagogue, and as a board member and honoree of Yeshivat Chovevei Torah, a rabbinical educational institution. He has been active in the New York City Public Schools Principal-for-a-Day program and, with his family, led teams of volunteers at Connecticut area homeless shelters and to New Orleans. He has been a Little League coach and is a co-founder of the Vesey Street Band, which has performed at the American Liver Foundation’s Liver Life Walk, among other venues.
- M.B.A., Harvard University
- B.A., Wesleyan University