Northern Trust Appoints Patrick Dominick Senior Managing Director in Barrington Office

Rhea-AI Summary

Northern Trust has appointed Patrick Dominick as Senior Managing Director in its Barrington office, focusing on delivering comprehensive client services. Previously serving as President of The Chicago Trust Company, he managed $5 billion in assets. Patrick is recognized for his leadership and strategic planning skills. He holds a CTFA designation and various securities licenses, further enhancing his qualifications. As of March 31, 2022, Northern Trust manages $396.2 billion in assets, ranking among the top ten U.S. wealth managers.

Positive

• Appointment of experienced leader Patrick Dominick expected to enhance client service and team performance.
• Dominick's previous management of $5 billion in assets showcases strong capability in wealth management.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- Northern Trust announced today that it has appointed Patrick Dominick Senior Managing Director in the Barrington office, where he will lead the team in the delivery of holistic advice and outstanding client service.

Prior to re-joining Northern Trust two years ago as the Senior Wealth Strategist in Barrington, Patrick was President of The Chicago Trust Company, a 50-employee national, mid-sized independent Trust company. He was responsible for the day-to-day management, strategic planning and growth of $5 billion in assets under management and administration.

“Patrick is a proven leader with a track record in managing high-performing teams, and we look forward to the perspective and expertise he will bring to his clients and teammates in his new role,” said John Fumagalli, President, Central Region, Northern Trust Wealth Management.

Patrick holds the Certified Trust and Financial Advisor designation (CTFA) as well as FINRA Series 7 and 63 Securities Licenses. He is a trustee for the Northwest Community Hospital Foundation (NCH) and is a past President of the Northwest Suburban Estate Planning Council, a former board member of The Leukemia & Lymphoma Society, Chicago, and a former Corporate Trustee of American Colleges of Illinois.

Patrick received his B.S. in marketing Northern Illinois University, and he lives in Barrington with his wife and two children.

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/20220524006122/en/

Media Contact:

Karen Mellen

773-860-8110

Kem6@ntrs.com

http://www.northerntrust.com

Source: Northern Trust Corporation

FAQ

Who is Patrick Dominick in relation to Northern Trust?

Patrick Dominick has been appointed as Senior Managing Director of Northern Trust in Barrington, specializing in client services.

What was Patrick Dominick's role before joining Northern Trust?

Before rejoining Northern Trust, Patrick Dominick served as President of The Chicago Trust Company.

What assets does Northern Trust manage as of March 31, 2022?

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

What is the significance of Patrick Dominick's appointment for investors in NTRS?

Patrick Dominick's appointment is expected to improve client service and operational performance, positively impacting investor confidence.