Northern Trust Appoints Managing Director in New York
Northern Trust appointed Thomas F. Dempsey as Managing Director, focusing on enhancing relationships in the private equity and hedge fund sectors, and with ultra-high net worth families. His role emphasizes connecting firms with Northern Trust's comprehensive investment management resources. Dempsey's experience includes positions at Corsair Capital, Fulcrum Asset Management, and Goldman Sachs. Northern Trust, recognized as a top wealth manager with $355.4 billion in assets under management as of March 31, 2021, aims to strengthen its advisory capabilities with Dempsey's leadership.
- Appointment of Thomas F. Dempsey expected to enhance relationships with private equity and hedge fund sectors, boosting business potential.
- Dempsey's extensive background in financial services and client relations may strengthen Northern Trust's market position.
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Northern Trust has appointed Thomas F. Dempsey as Managing Director responsible for growing and deepening relationships with principals in the private equity and hedge fund segments, as well as working with ultra-high net worth families and the advisors who serve them. Dempsey’s primary focus will be on connecting Northern Trust with firms and their principals, and introducing new relationships to the breadth of investment management and advisory resources available at Northern Trust. Dempsey will work closely with Northern Trust’s Global Family Office (GFO) team of professionals for relationships with family offices and private investment companies.
“The needs of our clients are ever evolving,” said Henry P. Johnson, President of Northern Trust Wealth Management in the Eastern U.S. “Tom is a trusted advisor, highly-skilled director, and proven leader. His addition reinforces our firm’s commitment to serving the robust and growing entrepreneurial community, particularly in the alternative investment space, and bolsters the vast capabilities of our team. Tom’s commitment to cultivating authentic relationships grounded in advice and integrity aligns perfectly with Northern Trust’s advice-based approach. We are pleased to have him take this role and bring his expertise and innovative approach to our business.”
Dempsey has extensive experience in business development and strategy at several companies in the financial services industry. In his most recent position, he was a partner at Corsair Capital in New York. There, he was responsible for global investor relations, fundraising and marketing. He has also worked at Fulcrum Asset Management, Tremblant Capital Group, and Goldman Sachs Asset Management. Tom began his financial services career at Fiduciary Trust Company International. Dempsey possesses a B.A. from Georgetown University where he currently serves as a Member of their Board of Regents. He is also a member of the Investment Committee at Sacred Heart Greenwich.
“Northern Trust shares my passion for delivering personalized advice to help drive successful results not only for businesses and their investors, but also the individuals and families behind those companies,” said Dempsey. “I am excited to join the team of a firm with such a strong legacy of acting in the best interest of clients, as well as an entrepreneurial spirit and culture that promotes innovation.”
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
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 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2021, Northern Trust had assets under custody/administration of
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.
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