GTCR to acquire Fiduciary to boost wealth management

US-based private equity firm GTCR has agreed to acquire Fiduciary Trust Company (Fiduciary) for an undisclosed sum, to expand wealth management services.  GTCR will partner with Fiduciary’s CEO Austin Shapard, and management team to accelerate growth and expand service offerings for ultra-high-net-worth clients.  Founded in 1885 as a family office,…