Northern Trust has appointed Michele Havens as president of personal finance services, the Chicago-headquartered firm's wealth management unit, in the Los Angeles, CA region.
Havens will transfer from her current job as PFS president of the Seattle region in June. She will be replaced by Dino De Vita, who runs the firmís private client services segment in Chicago, IL at the moment.
Havens succeeds Susan Mallory, who has been appointed as global banking practice executive, as announced in March. Mallory will stay in the Los Angeles area, which comprises offices in Westwood and downtown LA.
The job as PFS president includes responsibility for managing financial consulting, investment management, trust and estate planning, as well as private and business banking. Havens and De Vita both report to Steve Bell, chief executive of PFS in the west region.
In other recent developments at the firm, earlier this week it emerged that Sherry Barrat, vice chairman of Northern Trust and member of the management group, will retire at the end June after more than two decades at the firm.
Northern Trust had about $174 billion in assets under management at the end of 2011, and has around 70 offices across the US and overseas.