Northern Trust has bolstered the leadership within its wealth business with the appointment of Srilatha Lakkaraju as the new director of charitable giving solutions.
In her new role within the firm's Foundation & Institutional Advisors practice, Lakkaraju will be responsible for leading the national strategy and execution of the firm’s Donor Advised Fund and Private Foundation Administration services.
Darius A. Gill, national practice executive for FIA, expressed enthusiasm at Lakkaraju’s addition to the team.
“I am excited to have Srilatha join our Foundation & Institutional Advisors team,” he said in a statement. “Her expertise will be invaluable as we continue to accelerate the growth of our Donor Advised Fund and Private Foundation Administration solutions.”
Lakkaraju brings significant experience to Northern Trust, having spent 14 years at Bank of America as senior vice president and philanthropic client manager. In that role, she oversaw private foundations and nonprofit organizations nationwide, providing education, strategic insights, and management support to clients. Earlier in her career, Lakkaraju worked in public policy, advocating for nonprofit tax policy and compliance issues.
Northern Trust’s FIA practice focuses on providing investment management, asset servicing, and advisory services to nonprofit organizations and private foundations. Through a collaborative approach, FIA helps clients achieve their financial and philanthropic goals, offering solutions like Donor Advised Fund management and Private Foundation Administration.
Northern Trust Wealth Management, known for its technological innovation and service excellence, manages $419.4 billion in assets as of June 30, and offers comprehensive services for affluent individuals, family offices, and foundations.
Lakkaraju's arrival builds on other moves by Northern Trust to enhance its offerings to the ultra-affluent, including its introduction of new leaders for its global family office and western US regional divisions earlier this month. Prior to that, the firm revealed Jason Tyler as president of Northern Trust Wealth Management along with a wider slate of executive appointments in September.
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