Boston Private Financial Holdings has given an additional title and added responsibilities to its president, Mark Thompson.
The $6.9 billion-asset company named Thompson chief executive of its Boston Private Wealth division. Thompson will retain his titles as president of Boston Private Financial and CEO of Boston Private Bank & Trust.
"We've made outstanding progress in the integration of our Wealth Management, Trust and Private Banking platforms, and we're nearing the completion of that process this month, on schedule," Clayton Deutsch, CEO of Boston Private Financial, said in a Monday news release.
Thompson has led Boston Private Bank and related divisions since the company purchased Banyan Partners in 2014. After Thompson's promotion, Peter Raimondi will remain president of Boston Private Wealth.
Also on Monday, Boston Private Wealth opened a new headquarters office at One Federal Street in Boston.