Wellesley Investment Partners in Massachusetts has named Louis Crosier president.

Crosier most recently served as senior managing director at Windhaven Investment Management in Boston, a division of Charles Schwab. Previously he was vice president of the wealth management division at Goldman Sachs.

Wellesley Investment Partners is a subsidiary of the $493 million-asset Wellesley Bank.

Crosier "is ideally suited to help us continue building on the progress we have made in our wealth management business," Thomas Fontaine, the president and chief executive of the bank, said in a news release Monday.

The announcement did not say if Crosier was replacing someone or if the position was vacant.

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