Northern Trust names new wealth management leaders

Northern Trust Wealth Management has announced two key leadership changes as part of its ongoing efforts to strengthen its wealth management business.

On Tuesday, the firm revealed Dino De Vita as the new president of its Global Family & Private Investment Offices division, while Marc Cosentino has been appointed as West Region president.

The West Region president position was previously held by Michele Havens, who announced she was joining BMO as the head of its US Private Wealth division in a heartfelt LinkedIn post last week.

In a statement published Tuesday, Jason Tyler, president of Northern Trust Wealth Management, expressed high hopes for the new leaders and the future of the firm.

“Dino and Marc’s stewardship and uncompromising focus on delivering first-class service will be key to the continued growth and success of our wealth management business,” said Tyler, who's taking the reins as president following a slew of executive appointments Northern Trust announced in September.

“We have extraordinary talent and expertise across our leadership group and, with the appointments of Dino and Marc, we remain well placed to continue supporting the increasingly complex needs of our clients,” he said.

De Vita now leads a global team of more than 300 professionals who specialize in providing customized advisory services to the firm’s ultra-high-net-worth clients. GFO serves over 500 clients worldwide, drawing on Northern Trust’s advanced technology and investment capabilities to deliver fiduciary and asset management services. He has held numerous leadership roles during his time at Northern Trust, including regional managing director of GFO’s Central and West regions and president of the Pacific Northwest region.

Meanwhile, Cosentino will oversee wealth management operations in the West Region, which covers key markets such as Arizona, California, and Texas. He leads an integrated team focused on providing investment management, trust and estate planning, private banking, and financial consulting services. Over the course of his 30-year tenure at Northern Trust, Cosentino has earned leadership positions in the Pacific Northwest and Northern California regions, as well as roles in client advisory and asset servicing.

The firm's West Coast ambitions were clear as early as July, when the firm picked Ali Nafii to lead its wealth division in the San Diego market.

With a global presence and institutional roots going back to 1889, Northern Trust Wealth Management oversees $419.4 billion in assets as of June 30 for its well-heeled clientele of ultra-high-net-worth families, family offices, and affluent individuals.