In her new role, Mandel will lead the regional bank’s overall strategy and help clients make use of the wealth transfer advantages that the state of Delaware offers, Northern Trust said in its announcement.
Mandel has been with Northern Trust for 12 years, most recently as a senior fiduciary relationship manager. Over the course of her career, she served as a senior attorney in the legal department and handled some of Northern Trust’s largest and most complex trust portfolios, including irrevocable gift trusts, generation-skipping trusts, charitable trusts, revocable trusts and investment management accounts, the bank said.
Prior to joining Northern Trust, Mandel served as trust counsel and as senior trust administrator at Harris Trust and Savings Bank, now BMO Harris Bank. While there, she advised trust and investment professionals on fiduciary and estate-planning issues, according to Northern Trust. Altogether, Mandel has 25 years of experience in trust and investment management for high-net-worth individuals and families.
“Laura’s proven record of success, her legal experience and advisory skills make her an ideal fit for her new role,” David Blowers, Northern Trust’s East Region president and CEO, said in a statement.