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Northern Trust Promotes Wealth Management Exec

By Alex Padalka December 18, 2018

Northern Trust has appointed a new head of wealth management for its West region to replace a retiring 36-year company veteran, the firm says.

Michele Havens will succeed Steven Bell effective Feb. 28 as president of the region, which encompasses Arizona, California, Colorado, Nevada, Texas and Washington, according to a press release from Northern Trust.

Havens comes to the role with more than two decades of experience in the wealth management space, the company says. She joined Northern Trust in 2000, became president of the Los Angeles region in 2009 and was promoted to president of the Southern California region last year, according to the press release.

“[Havens] has a proven track record that has been integral to our accomplishments in the region,” Northern Trust Wealth Management President Steven Fradkin says in the press release. “Her deep experience and uncompromising client focus will be key to the team’s continued growth and success.”

During his time at Northern Trust, Bell ran the private banking business for Northern Trust Bank of California and held several executive positions across the company, the company says. Prior to being named president of the West region, Bell had been head of the company’s Global Family and Private Investment Offices, according to the press release.

“Steve has made an invaluable impact on the expansion of our client base, the growth of our capabilities, and our legacy in the West Region,” Fradkin says in the press release. “We have been fortunate to have him serve in a variety of leadership capacities over the years and on behalf of Northern Trust, I express our sincere appreciation for his contributions and dedicated service.”

Havens’ appointment marks the second time this year the company replaced a decades-long veteran with fresh blood. In May, Northern Trust named Colter Lewis head of its Texas division to replace Jeffrey Early, who retired after four decades with the company.