The wealth management group has offices in Boston, Massachusetts and Concord, Manchester and Portsmouth, New Hampshire.

US-based Cambridge Trust Company, a subsidiary of Cambridge Bancorp, has appointed Mark Thompson as president and director.

Thompson will oversee the company’s private banking activities including wealth management, consumer banking and marketing. He will report to the company’s chairman and chief executive, Denis Sheahan, the firm said in a statement.

He was most recently CEO of Boston Private Bank & Trust Company. Prior to joining Boston Private Bank & Trust, Thompson was executive vice president and founding officer at Wainwright Bank & Trust Company.

“Cambridge Trust has a long heritage of providing integrated banking and wealth management solutions to our clients,” Mr. Sheahan said. “Mark Thompson’s unique background will help us further our goal of becoming the region’s premier private banking organization.” 

Cambridge Trust is a New England-based wealth manager with $2.8 billion in client assets under management. The wealth management group has offices in Boston, Massachusetts and Concord, Manchester and Portsmouth, New Hampshire.