STREET MOVES: Northern Trust Makes Four Hires For Northeast

Date : 02/09/2011 @ 6:04PM
Source : Dow Jones News
Stock : Wilmington Trust Corp. (DE) (WL)
Quote : 4.45  0.0 (0.00%) @ 2:05AM

STREET MOVES: Northern Trust Makes Four Hires For Northeast

Northern Trust Corp. (NASDAQ:NTRS)
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Northern Trust Corp. (NTRS) has added four professionals to its staff in the northeastern United States.

John Lee and Maria Neary have joined the Chicago bank in its New York office, and each will hold the title of senior vice president and wealth manager. Lee was most recently a managing director for Brown Brothers Harriman & Co. in New York. Neary was previously managing director of Geller Family Office Services in New York.

Northern Trust is investing in the heavily affluent Northeast, a market saturated with competition among investment and wealth managers. But Lee thinks the Midwest bank can make inroads in and around the Eastern seaboard. Since the financial crisis, "there has been upheaval in our business," Lee said in an interview. "The opportunity in New York for Northern is very strong."

Northern also hired Brian Donovan, who will join the bank's Connecticut office as a senior vice president and wealth manager. Donovan was most recently a senior manager in Ernst & Young's personal financial services group.

Marisa Facciolo has joined Northern's office in Delaware as a vice president and wealth strategist. Facciolo most recently worked as a vice president at Wilmington Trust Corp.'s (WL) wealth advisory services division.

(STREET MOVES chronicles the migration of executives on Wall Street, with a particular emphasis on financial advisers with more than $1 million in annual production and who manage more than $100 million in client assets.)

-By Marshall Eckblad, Dow Jones Newswires; 312-750-4070;


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