Boston Private Bank & Trust Company has appointed Patrick Kavey as a vice president and sales professional within its investment management, wealth advisory and trust services group.

Kavey has 12 years of investment management experience and will be responsible for new business acquisition to help the company expand in the New England area, the bank said.

He was previously a vice president at Fidelity Investments, before which he served as a vice president at BNY Mellon and Wellesley, MA-based GW & Wade.

New England expansion     

At the end of 2012, Boston Private Bank & Trust Company sold its three Pacific Northwest offices to Spokane, WA-based Sterling Financial Corporation.

Clayton Deutsch, chief executive and president of Boston Private Financial Holdings, said the move would allow the firm to concentrate its private banking resources in New England, the San Francisco Bay Area and Southern California - two of the three deepest concentrations of high net worth clients in the US, he said.

At end-September 2012, the Pacific Northwest offices - located in Seattle and Redmond - had some $270 million in gross loans and $190 million in deposits. The transaction is expected to close in the first half of 2013 and will result in an $11 million deposit premium and will free up in excess of $30 million in capital.

Boston Private Bank & Trust is a subsidiary of Boston Private Financial Holdings and offers investment, wealth advisory and trust services to individuals, families, non-profits and other institutions.