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January 17, 2023

Spinnaker financial planners promote senior vice president

Spinnaker Trust has promoted a senior vice president and senior client advisor to a principal of the firm.

Spinnaker Trust
Drew Oestreicher

Drew Oestreicher, who joined Spinnaker in 2013, has nearly three decades of experience helping high-net-worth clients develop strategic plans to achieve financial goals for themselves and future generations.

Oestreicher began his career at Chase Manhattan Private Bank in New York City and went on to become a senior vice president at UBS investment banking company and a principal at Portland Global Advisors.

He received a bachelor of science in government from Hamilton College, with a minor in economics.

Oestreicher grew up in Yarmouth and is a graduate of North Yarmouth Academy, where he serves on the board of trustees. He is president of the board of trustees of Victoria Mansion in Portland and serves on the town of Yarmouth's Investment Advisory Committee.

He is a certified exit planning advisor and has been crucial to Spinnaker's growth, serving individuals, families, and small businesses.

"We are thrilled to welcome Drew to the leadership team," said Amanda V. Rand, president, CEO, and principal of Spinnaker Trust. "In his nine years at Spinnaker, he has become an indispensable part of our firm. Drew's attention to clients, visibility in the community, and keen interest in helping our team members and firm grow make him ideally suited to take on this new role."

Founded in 2000, Spinnaker Trust is a Maine bank chartered as a non-depository trust company that manages over $2.5 billion for a global clientele. Spinnaker provides a wide range of financial services, including investment management, trust, estate planning and tax services. 

Oestreicher is an occasional Mainebiz guest contributor and recently penned a column, "How to determine whether you’re ready for the exit."

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