Garvey will join Borel from his previous position as president and CEO of BPFH’s Pacific Northwest private banking affiliate, Charter Private Bank.

He replaces James Dawson, a senior executive at BPFH, who was named interim CEO pending the completion of the search process. Garvey will also replace Dawson on the Borel Board of Directors.

"Jim Garvey brings a wealth of experience, great integrity and a deep, intuitive understanding of private banking excellence to his new role at Borel," said Mark Thompson, Chief Executive Officer of the Private Banking Group at BPFH. "Jim is one of the most talented bankers at our Company. He has led Charter’s successful evolution toward our high performance private banking model, and we are thrilled to see him take the helm at Borel, a bank that we view as central to our West Coast growth strategy."

Prior to joining Charter, Garvey served for eight years as president and CEO for Flagship Bank and Trust of Worcester, MA, which he joined in 1999.

Garvey also served as a senior vice president for TD Banknorth, formerly known as Safety Fund National Bank. Previously, he also held positions at Shawmut Bank and General Electric Capital Corporation.

BPFH has also appointed Charles Jackson as the CEO of the West Coast Private Banking Group effective 1 January 2011.

Jackson is currently the CEO and president of First Private Bank & Trust, the company’s Southern California affiliate. Jackson will continue in his current position while assuming broader oversight responsibilities for all of the West Coast banks.

Before joining First Private, Jackson was president and CEO of Community Bank, based in Pasadena, California. Earlier in his career, he held senior executive positions with Lipper & Co, Mellon Bank and Chase Manhattan Bank.

Jackson will also become a member of the boards of directors at both Charter Private and Borel.

With Jackson’s and Garvey’s appointments, James Dawson will relinquish his titles of managing director West Coast Private Banking and interim CEO of Borel, and will return to BPFH headquarters in Boston by 31 December 2010.