Northern Trust Appoints New Wealth Management Leaders Today

Northern Trust Announces Leadership Changes

Northern Trust Wealth Management recently revealed significant leadership changes that are set to influence its future. Dino De Vita has been appointed as the new President of Global Family & Private Investment Offices (GFO), while Marc Cosentino steps into the role of West Region President. These transitions are aimed at enhancing the company's capability to serve its clients effectively.

Leadership Transition and Strategic Focus

Jason Tyler, President of Northern Trust Wealth Management, expressed confidence in the new appointees, stating, “Dino and Marc’s stewardship and uncompromising focus on delivering first-class service will be key to the continued growth and success of our wealth management business.” Tyler emphasized the extraordinary talent within the leadership group, assuring that the company is well-prepared to meet the complex needs of its clients.

Expanding Services Under New Leadership

De Vita will lead a global team of over 300 professionals who specialize in providing comprehensive, custom-tailored advice and services to Northern Trust’s discerning clientele. The Global Family & Private Investment Offices works with over 500 ultra-high-net-worth individuals and their family offices worldwide, merging Northern Trust’s institutional-strength technology and investment capabilities with its long-standing commitment to serving as a trusted advisor. His leadership role is crucial in navigating the intricate landscape of wealth management.

Dino De Vita’s Background

Before becoming President, De Vita held the position of GFO’s Regional Managing Director for the Central and West regions. His extensive experience includes being the President of Northern Trust's Pacific Northwest Region and serving as the Private Client Service Segment Leader. His appointment aligns with Northern Trust's strategy to address the rising complexities in wealth management.

Growth in Western Region Leadership

Marc Cosentino brings three decades of experience with Northern Trust to his new role, overseeing wealth management for the West Region, which includes states like Arizona, California, Colorado, Nevada, Texas, and Washington. His integrated team will provide a full spectrum of services including investment management, trust and estate planning, private and business banking, and financial consulting tailored to client needs.

Marc Cosentino’s Professional Journey

Cosentino’s illustrious career within Northern Trust has seen him occupy numerous leadership roles, including President of Northern Trust's Pacific Northwest and Northern California regions. His previous roles also encompass Head of Client Advisory for GFO and oversight for the Head of Public Entities & Institutions within Asset Servicing in North America. His depth of experience is invaluable as he steps into this new position.

Northern Trust Wealth Management Overview

Northern Trust Wealth Management is known for its holistic approach, offering comprehensive services for affluent individuals, families, family offices, foundations, endowments, and privately held businesses. With a strong reputation built on innovative technology and service excellence, Northern Trust manages an impressive $419.4 billion in assets as of mid-2024. The company's commitment to exceptional service and depth of expertise positions it prominently in the wealth management sector.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a distinguished provider of a broad range of financial services including wealth management, asset servicing, asset management, and banking tailored for corporations, institutions, affluent families, and individuals. Established in Chicago in 1889, it has expanded its footprint globally with offices in 24 U.S. states and Washington, D.C., along with multiple locations across Canada, Europe, the Middle East, and Asia-Pacific. By mid-2024, Northern Trust managed assets under custody and administration amounting to US$16.6 trillion and US$1.5 trillion in assets under management. The company has earned industry acknowledgment for more than 130 years, known for its commitment to service, financial expertise, integrity, and innovation.

Frequently Asked Questions

What are the new leadership changes at Northern Trust Wealth Management?

Dino De Vita has been appointed as President of Global Family & Private Investment Offices, and Marc Cosentino is now the West Region President.

What is the role of Dino De Vita in the company?

He leads a global team of over 300 professionals providing bespoke investment services and advice, focusing on ultra-high-net-worth clients.

How long has Marc Cosentino been with Northern Trust?

Marc Cosentino has a long tenure of three decades with Northern Trust, holding various leadership positions throughout his career.

What services does Northern Trust Wealth Management provide?

The company offers a range of services including wealth management, trust and estate planning, investment management, and financial consulting for affluent clients and families.

What are the assets managed by Northern Trust as of June 2024?

Northern Trust manages approximately $419.4 billion in assets within its wealth management sector as of June 30, 2024.

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