(Nasdaq: NTRS) has appointed W. Brett Rees head of Wealth Management in the Mid-Atlantic Region. He will be based at Northern Trust’s Washington D.C. office and will also oversee business in Virginia, Maryland, Pennsylvania and Delaware. In addition, Rees will lead the company’s Foundation and Institutional Advisory services on the East Coast, which provides investment solutions to small and medium-sized foundations and non-profit organizations. He will report to Dave Blowers, Executive Vice President and head of the East Region for Northern Trust who is based in New York.
Rees, who has both military and family ties to northern Virginia and Washington, D.C., will lead a staff of approximately 30 financial services professionals, including portfolio managers, bankers, trust advisors and wealth strategists.
With over 22 years of experience in the financial services industry, Rees has spent 16 years at Northern Trust in roles dedicated to developing comprehensive, customized and innovative financial solutions. He most recently spent six years as National Sales Director for Wealth Management. Prior to joining Northern Trust, he held a variety of wealth management and commercial banking positions at Bank of America, Bank of Boston and Wachovia.
Rees succeeds Joanie Stringer, who is relocating to Miami to assume a senior wealth strategist role with a focus on business development.
Northern Trust is a premier wealth management firm that specializes in goals-based financial advice. We offer clients insightful perspectives and creative thinking, backed by innovative technology and a strong fiduciary ethos. Northern Trust is ranked among the top 10 U.S. wealth managers with $197.7 billion in assets under management as of December 31, 2012, and more than 70 wealth management offices in the United States and abroad. The Financial Times Group has named Northern Trust Best Private Bank in the USA for four consecutive years. In 2012 Northern Trust was also was named Best Private Bank globally for Innovation and Best Private Bank for Socially Responsible Investing.