Northern Trust has snagged a wealth executive from AB Bernstein Private Wealth Management.
Paul S. Lee joined the firm's wealth advisory services group in Manhattan as a senior vice president and senior regional wealth advisor and will work directly with high-net-worth clients in the Greater New York area, Northern Trust announced last week.
Lee was previously the national managing director of AB Bernstein's Wealth Management Group & Global Family Office Group, where he provided wealth planning services for family offices and ultrahigh-net-worth clients. While at AB Bernstein, he opened the firm's first non-U.S. private client office in London and established the investment infrastructure for all non-U.S. private clients.
"We're pleased to have such a seasoned professional join our growing wealth management team in our Manhattan office," John Hoffman, head of Northern Trust Wealth Management's greater New York region, said in a statement. "Paul's expertise, both from working with high-net-worth clients and extensive proprietary research in investment strategy and planning, will greatly benefit our wealth advisory capabilities and the clients we serve."