Cumberland Trust announced today that Jennifer “Jennie” Menzie, President and Chief Executive Officer, has been appointed Chair of the Board of Directors. Menzie will continue serving as President and Chief Executive Officer while assuming the additional role of Chair.
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Jennie Menzie
Menzie succeeds Joseph K. “Pepe” Presley, who transitions to Chair Emeritus of the Board. Following his retirement from Cumberland Trust at the end of this year, Presley will continue serving on the Board as a director.
“Jennie’s appointment as Chair marks an important milestone for Cumberland Trust,” said Presley. “She is an outstanding leader whose vision, experience, and unwavering commitment to our clients will continue to advance our mission and strengthen Cumberland Trust for the future.”
Menzie joined Cumberland Trust in 2012 and has played a central role in the company’s growth and evolution for more than a decade. She was elected to Cumberland Trust’s Board of Directors in 2021 and appointed Chief Executive Officer and President in 2023. Under her leadership, Cumberland Trust recently surpassed $11 billion in assets under administration as the company celebrates its 25th year as an independent trust company. Her appointment as Chair reflects the leadership role she has held across Cumberland Trust’s strategy, operations, governance, advisor relationships, and national growth.
“Cumberland Trust’s Board of Directors, senior leadership, and employees have earned the confidence of high-net-worth families and their professional advisors by delivering trust and estate solutions tailored to each client’s unique needs,” said Menzie.
Menzie added, “On Pepe’s watch, Cumberland Trust grew from a fledgling enterprise to become one of the largest independent trust companies in America. Like me, he knows we’re just getting started.” Presley joined Cumberland Trust shortly after its founding and has served as Chairman, President, and Chief Executive Officer, helping shape Cumberland Trust’s client-focused culture, strategic growth, and market expansion.
As an independent, administration-only corporate trustee with a team of more than 140 employees, Cumberland Trust provides objective, personalized trust and estate administration services. Headquartered in Nashville, Cumberland Trust serves clients nationwide, with offices in Atlanta, Austin, Chattanooga, Dallas, Knoxville, Memphis, Philadelphia, Richmond, St. Louis, and Tampa/St. Petersburg.
About Cumberland Trust
Cumberland Trust is a Nashville-based independent trust company experienced in guiding the wealth transfer process to help families protect their legacies. We provide proactive trust and estate administration, working in conjunction with the client’s team of attorneys, investment advisors, and accountants. Cumberland Trust’s client-first services and directed trust platform have attracted more than $11 billion in assets under administration with ten offices serving families nationwide. For more information on Cumberland Trust, visit cumberlandtrust.com.
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