Northern Trust Appoints Alison Mast Senior Managing Director and President of Western Michigan

Rhea-AI Summary

Northern Trust has appointed Alison Mast as the new Senior Managing Director and President for the Western Michigan region. Mast, who joined Northern Trust in 2019 as the Head of Strategy for Wealth Management, will lead the Grand Rapids team, focusing on enhancing client services and growing wealth management business in the area. Alison brings extensive experience from her previous roles at Accenture and McKinsey, along with an MBA from Harvard. Northern Trust Wealth Management, holding $396.2 billion in assets under management, aims to leverage her expertise for strategic growth.

Positive

• Alison Mast's appointment is expected to accelerate growth in wealth management in Western Michigan.
• Mast's extensive management consulting background will likely enhance service delivery and strategic initiatives.

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• None.

GRAND RAPIDS, Mich.--(BUSINESS WIRE)-- Northern Trust has appointed Alison Mast Senior Managing Director and President of Western Michigan. Mast will be responsible for leading Northern Trust's Grand Rapids-based team in the delivery of holistic advice and outstanding client service, while seeking to accelerate the growth of the firm’s wealth management business in the Western Michigan Region.

Alison Mast (Photo: Northern Trust)

Alison joined Northern Trust in 2019 as the Head of Strategy for Wealth Management, working closely with practice and market leadership to identify, prioritize and implement strategic initiatives across the business.

“Alison is a proven leader who has shown expertise in initiatives across the wealth management practice,” said John Fumagalli, President, Central Region, Northern Trust Wealth Management. “We look forward to the insights and perspective she will bring to our clients, colleagues and community partners in her new role.”

Prior to joining Northern Trust, Alison worked as a management consultant at Accenture Strategy and McKinsey & Company, where she developed deep expertise in integrated operating models, strategic organizational design and cost reduction. Previously, she taught Spanish at Hartford (CT) Public High School as a Corps Member for Teach For America.

Alison earned an MBA from Harvard Business School and bachelor’s degree with honors in English and Spanish Language and Literature from the University of Michigan in Ann Arbor. She serves on the Finance Committee at The Frederik Meijer Gardens & Sculpture Park.

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise and ranks among the top 10 U.S. wealth managers, with $396.2 billion in assets under management as of March 31, 2022. The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220603005480/en/

Media Contact:

Karen Mellen

773-860-8110

Kem6@ntrs.com

http://www.northerntrust.com

Source: Northern Trust Corporation

FAQ

Who is the new President of Northern Trust in Western Michigan?

The new President of Northern Trust in Western Michigan is Alison Mast.

What is Alison Mast's experience prior to her new role at Northern Trust?

Alison Mast previously worked at Accenture and McKinsey, specializing in strategic initiatives and organizational design.

What are Alison Mast's responsibilities as President of Northern Trust in Western Michigan?

She will be responsible for leading the Grand Rapids team to deliver client services and growth in wealth management.

How much assets does Northern Trust Wealth Management manage?

As of March 31, 2022, Northern Trust Wealth Management manages $396.2 billion in assets.