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Boston Private Shuffles Executive Ranks At Borel, Charter
Vanessa Doctor
24 November 2010
Boston Private Financial Holdings has announced the appointment of James C Garvey as chief executive officer and president of its Northern California affiliate, Borel Private Bank & Trust Company. In his new role, which takes effect December 13, Garvey replaces James Dawson, who will serve as interim CEO until the transition is completed. He will also replace Dawson on the Borel Private Bank board. Along with this appointment came the announcement of a new chief executive for BPFH's Southern California affiliate, West Coast Private Banking Group. V Charles Jackson, currently the CEO and president of First Private Bank & Trust, takes up his new role in 1 January 2011. He will also become a member of the boards of both Charter Private and Borel.
Garvey steps in from Charter Private Bank where he served as president and CEO. Charter is the Pacific Northwest private banking affiliate of BPFH. Prior to that, he served for eight years as president and CEO for Flagship Bank and Trust of Worcester and held key positions at TD Banknorth, Shawmut Bank and General Electric Capital Corporation.
These two new appointments mean that Dawson will relinquish his titles of managing director of West Coast Private Banking and interim CEO of Borel, and return to the BPFH headquarters in Boston by December 31. Dawson will continue as executive vice president and as member of the senior policy group, where he will focus on operational and performance initiatives. He reports to Clayton Deutsch, the company's president and CEO.