Boston Private has also unveiled its new Boston Private Wealth headquarters at One Federal Street.

Boston Private Wealth, an RIA, is the new entity that combines Banyan Partners with the wealth management and trust division of Boston Private Bank & Trust Co, a subsidiary of Boston Private. Its identity was unveiled in February 2015.

Thompson will continue as CEO of Boston Private Bank & Trust and as president of Boston Private. Peter Raimondi, who was founder and CEO of Banyan Partners, will remain as president of Boston Private Wealth.

As president of Boston Private, Thompson - who joined the firm in 1994 and has been CEO since 2003 - will focus on team acquisitions, expanding relationships with channel partners in the wealth sector, and on maximizing the talents and skills of its wealth professionals, the firm said.

“Our focus is on ensuring that these areas of our business continue to work more closely together to the benefit of our clients, and on driving future growth,” said Clayton Deutsch, CEO of Boston Private.

Boston Private manages around $30 billion in client assets, with offices in Boston, New York, Los Angeles, San Francisco, San Jose, Atlanta, Florida, Wisconsin and Texas.

Click here for an interview with Boston Private, just after it acquired Banyan Partners last year.