Northern Trust Wealth Management Announces Leadership Changes
Northern Trust Wealth Management has announced significant leadership changes that will take effect on March 1, 2025, as part of its strategic efforts to enhance its banking and advisory services. The company has appointed Glenda Pedroso as Head of Banking and Specialized Services and Michael Bracci as President of the East Region. These leadership appointments reflect Northern Trust’s commitment to driving growth, expanding its wealth management services, and better serving its affluent client base.
Leadership Transitions and Responsibilities
Glenda Pedroso, an industry veteran with over 35 years of experience in banking, will take on the newly established role of Head of Banking and Specialized Services. In this position, Pedroso will lead an integrated function that brings together Northern Trust’s robust balance sheet capabilities with sophisticated lending, deposit, and liquidity solutions. Additionally, she will oversee specialized services tailored for fund sponsors, professional services firms, privately held businesses, and their principals.
Pedroso has held several leadership roles during her tenure at Northern Trust, most recently serving as President of the East Region. Her extensive experience in wealth management, private banking, and lending makes her well-suited for this new role, where she will focus on delivering innovative solutions to high-net-worth individuals, family offices, and institutional clients.
Succeeding Pedroso as President of the East Region is Michael Bracci, another seasoned leader with a longstanding career at Northern Trust. Bracci’s tenure with the company spans three decades, during which he has demonstrated exceptional leadership in various capacities. Since 2023, he has served as President of the East Florida and Mid-Atlantic regions, playing a pivotal role in strengthening Northern Trust’s presence in these key markets. In his new role, Bracci will be responsible for overseeing Northern Trust’s wealth advisory teams across the East Region, which encompasses Connecticut, Delaware, Florida, Georgia, Massachusetts, New York, Pennsylvania, and Washington, D.C.
Strategic Vision for Growth
The leadership changes come at a crucial time as Northern Trust Wealth Management seeks to accelerate growth and further enhance its banking and advisory capabilities. The company aims to address the unique financial needs of its diverse clientele by fostering innovation and maintaining the highest standards of service excellence.
“These appointments mark an exciting chapter for the business as we accelerate growth and elevate our banking and advisory capabilities to unique market segments,” said Jason Tyler, President of Northern Trust Wealth Management. “With their deep expertise and strategic vision, Glenda Announces and Mike bring the leadership necessary to meet the evolving needs of affluent individuals and families while ensuring the highest standards of service and financial stewardship.”
Pedroso and Bracci’s leadership will be instrumental in shaping the future of Northern Trust’s wealth management division, ensuring that the firm continues to deliver tailored financial solutions that align with the complex needs of its clients. Their combined experience, strong industry knowledge, and deep understanding of client expectations position them well to drive the company’s strategic initiatives forward.
Expanded Roles for Regional Leaders
In addition to these key leadership changes, Northern Trust Wealth Management has announced expanded responsibilities for two regional leaders, reinforcing its commitment to strengthening its leadership team across different markets.
Alexander Adams, currently serving as Group Managing Director for South Florida, will assume additional responsibilities overseeing the Mid-Atlantic Region. Adams has played a significant role in expanding Northern Trust’s presence in South Florida, and his expertise will now be leveraged to drive growth in the Mid-Atlantic market. His expanded role underscores the company’s dedication to maintaining strong leadership in key regions and ensuring seamless service delivery to clients.
Additionally, Stacey Hallberg, who currently serves as Senior Managing Director for the Boca Raton and Delray Beach offices, will be promoted to Group Managing Director for East Florida. Hallberg Announces has been instrumental in strengthening client relationships and enhancing Northern Trust’s service offerings in the region. Her promotion reflects the firm’s commitment to recognizing and advancing talented leaders within the organization.
Commitment to Excellence in Wealth Management
Northern Trust Wealth Management has long been recognized for its holistic approach to wealth management, providing a comprehensive suite of services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. With Announces a strong emphasis on innovative technology, service excellence, and a client-centric approach, the firm has consistently delivered tailored solutions that address the complex financial needs of its diverse clientele.
As of December 31, 2024, Northern Trust Wealth Management reported $450.7 billion in assets under management, highlighting its strong Announces market presence Announces and financial stability. The company’s Announces ability to provide sophisticated wealth management solutions, coupled with its Announces commitment to maintaining high standards of integrity and service, has solidified its reputation as a trusted partner for high-net-worth individuals and institutional clients alike.
The leadership changes at Northern Trust Wealth Management signal a forward-thinking approach to business growth and client service. By strategically appointing leaders with extensive experience and deep industry expertise, the firm is well-positioned to navigate the evolving financial landscape and continue delivering exceptional wealth management solutions.
As the financial Announces industry undergoes continuous transformation, Northern Trust remains committed to staying ahead of market trends and adapting to the changing Announces needs of its clients. The appointment of Pedroso, Bracci, Adams, and Hallberg reflects the company’s proactive strategy to reinforce leadership, drive innovation, and enhance its ability to provide customized financial solutions.
The leadership transitions will officially take effect on March 1, 2025, marking the beginning of an exciting new chapter for Northern Trust Wealth Management. As the firm embarks on this journey, it remains dedicated to upholding its legacy of excellence, strengthening client relationships, and delivering unparalleled financial services that meet the highest standards of quality and reliability.
