People Moves
Northern Trust's Wealth Arm Makes Leadership Changes
Northern Trust, the financial services group, has just made a number of leadership changes to its wealth management division, following the appointments it made last month
Northern
Trust Wealth Management has named Dino De Vita (pictured) as
president of Global Family and Private Investment Offices
(GFO).
Separately, the Chicago-headquartered group said Marc
Cosentino as West region president of Northern Trust Wealth
Management. The appointment follows a range of leadership changes
across the top of the firm in roles affecting asset
servicing, wealth management and the family offices business last
month. See more commentary
here.
De Vita now leads a global team of more than 300 professionals
who provide advice and services to Northern Trust’s client base.
GFO works with over 500 ultra-high net worth individuals and
their family offices around the world, combining Northern Trust’s
technology, investment capabilities and global asset servicing
platform with its heritage of serving as a fiduciary and trusted
advisor. Before assuming the role of president, De Vita
was GFO’s regional managing director of the Central and
West regions. Earlier in his career, De Vita served as president
of Northern Trust's Pacific Northwest region and private client
service segment leader.
Cosentino now oversees Northern Trust’s wealth management
business in the West region, which encompasses Arizona,
California, Colorado, Nevada, Texas and Washington. He leads a
team that delivers investment management, trust and estate
planning, private and business banking, and financial consulting
for clients. Cosentino’s career with Northern Trust spans three
decades and numerous leadership roles. Previously, Cosentino
served as president of Northern Trust's Pacific Northwest
and Northern California regions. He also served as head of
client advisory for GFO as well as head of public entities
and institutions, asset servicing, North America.
“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,” Northern Trust Wealth Management president Jason
Tyler, said.
Northern Trust Wealth Management, which offers wealth management
services for affluent individuals and families, family offices,
foundations and endowments, and privately held businesses, has
$419.4 billion in assets under management. Its parent
group provides of wealth management, asset servicing,
asset management and banking to corporations, institutions,
affluent families and individuals, with assets under
custody/administration of $16.6 trillion, and assets under
management of $1.5 trillion. It has offices in 24 US states and
Washington, DC, and across 22 locations in Canada, Europe, the
Middle East and the Asia-Pacific region.
This news service recently interviewed
David Fox, former president of global family and private
investment office services.