Northern Trust Wealth Management has announced two changes to its senior leadership team.
Glenda Pedroso has been named head of banking and specialised services, moving on from her previous role as East Region president. Over her 35-year banking career, she has held a number of senior leadership positions in firms including First Union and Republic National Bank.
Pedroso will be responsible for leading a new function within the company that combines lending, depository, and liquidity solutions with specialised services for fund sponsors and professional services firms.
The second leadership change will see Michael Bracci succeeding Pedroso, where he will become the president of the East Region. In his new role, Bracci will be expected to oversee Northern Trust's wealth advisory teams across the east coast, including Connecticut, Delaware, and Florida.
Commenting on the appointments, Jason Tyler, president of Northern Trust Wealth Management, says: “These appointments mark an exciting chapter for the business as we accelerate growth and elevate our banking and advisory capabilities to unique market segments."
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Vitalii Vodolazskyi/stock.adobe.com 