Bringing you live news and features since 2006 

Northern Trust makes management changes in Dallas


Northern Trust has appointed Patrick Everett as Dallas region president, overseeing the company’s North Texas wealth management operations, which provide investment management, fiduciary services and banking solutions to individuals and institutions.

Formerly chief investment officer for Northern Trust’s Western region including California, Washington and Nevada, Everett will relocate to Dallas. He joined Northern Trust in 1996 as a portfolio manager and also served as president and chief executive of Northern Trust, FSB in Las Vegas, Nevada.

Everett reports to Southwest region president Steve MacLellan, who manages personal financial services for the company’s 16 offices in Arizona, Colorado and Texas.

"We are thrilled to announce Pat’s new leadership role in the Dallas market, a vital part of Northern Trust’s Southwest region," says MacLellan. "With 30 years of experience in wealth management, Pat will undoubtedly enhance our local presence as we continue to grow throughout Dallas."

Dewain Hill will assume expanded responsibility for Northern Trust’s banking and lending operations in Texas, Arizona and Colorado as new Southwest region chief credit and banking officer. Previously responsible for Northern Trust’s banking and lending activities throughout Texas, Hill will remain in Dallas where he has more than 30 years of banking experience.

Additionally, senior investment manager Cliff Demarest has been named managing director of wealth advisory services in Dallas. Serving the Dallas market for four years, Demarest has advised numerous local endowment, foundation, and high net worth clients.

"In his more than ten years with Northern Trust, Dewain has demonstrated a strong commitment to client service. The Arizona and Colorado markets will benefit from his focus on the complex banking needs of affluent individuals and families," says MacLellan. "Additionally, Cliff’s experience providing comprehensive wealth management solutions will further our ability to provide customized advice and objective solutions through our sophisticated wealth advisory platform."

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by