Northern Trust has promoted two executives in its wealth management business. Michele Havens, president of Personal Financial Services’ Seattle region, was named president of the Los Angeles region. And Dino De Vita, leader of the Private Client Services segment in Chicago, will assume the position that Havens is vacating, the company announced. Both appointments take effect June 15.
In their new roles, Havens and De Vita will be responsible for managing financial consulting, investment management, trust and estate planning as well as private and business banking across their regions, according to Northern Trust.
Havens succeeds Susan Mallory, whose new role as Global Banking Practice Executive was announced last month. Mallory will focus on running the banking practice for private clients and will oversee the evolution of new product and service offerings, including the expansion of specialized lending programs, the company said in a statement.
Mallory reports to Jana Schreuder, president of Personal Financial Services, while Havens and De Vita report to Steve Bell, Personal Financial Services West Region CEO.
“These appointments will support Northern Trust in its core business of assisting wealth management clients with the growth, protection and transfer of their wealth,” Bell said in a statement.
The appointments follow major organizational changes Northern Trust put into effect earlier this month to position the wealth management and private banking businesses for continued growth.
Northern Trust is ranked among the top 10 U.S. wealth managers with about $174 billion in assets under management (as of Dec. 31, 2011) and more than 70 offices in the U.S. and abroad.