Northern Trust has expanded its Personal Financial Services Group in the Northeast with the opening of a Boston office — serving affluent individuals, families and family offices in Boston and Massachusetts area with a spectrum of personal financial services, including financial consulting, private banking, trust and estate planning and investment management services.
“We are competitively well positioned for future growth in the Northeast as evidenced by our successes in New York, Connecticut and Delaware,” says Alison Winter, president and CEO, Northern Trust-Northeast. “With a substantial and growing client base in Boston, our new office will enable us to more effectively serve our clients and develop business in this very important market. The expansion also reinforces our strategy to reach and serve successful individuals and families with an objective, advice-driven approach backed by outstanding technology.”
Lee J. Woolley has been named president of Massachusetts, reporting to Winter. Woolley, formerly senior vice president and director of Northern Trust’s Midwest Wealth Strategies Group, is responsible for overseeing the office’s operations and he will be instrumental in developing client relationships.
Comments Winter, “As a twenty-year veteran of Northern, Lee served in numerous roles and assumed increasing levels of responsibility in each of his assignments. He has a depth of expertise in a number of areas including financial planning and business development. Lee has earned distinction as a thought leader to the ultra affluent seeking objective advice, making him uniquely qualified to lead our expansion into Boston.”
Woolley began his career with Northern Trust in 1985 as a consultant in Northern Trust’s Financial Consulting Center where he advised clients on estate, retirement and tax planning, life insurance and education funding. Most recently he led business development efforts for the Midwest from the company’s Chicago headquarters. Woolley is a graduate of Northwestern University Kellogg Graduate School of Management. The Boston office is located at One International Place, Suite 1600, Boston. The phone number is 617-235-1800.