NEW YORK–(BUSINESS WIRE)–Northern Trust has appointed Thomas F. Dempsey as managing director responsible for developing and deepening relationships with principals in the private equity and hedge fund segments, as well as working with ultra-high net worth families and advisers who serve them. Dempsey will primarily focus on connecting Northern Trust with companies and their leaders, 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 firms.
“Our clients’ needs are constantly changing,” said Henry P. Johnson, president of Northern Trust Wealth Management in the eastern United States. “Tom is a trusted advisor, a highly skilled manager and a proven leader. His addition reinforces our firm’s commitment to serving the robust and growing entrepreneurial community, particularly in the area of alternative investing, and reinforces the broad capabilities of our team. Tom’s commitment to cultivating authentic relationships based on advice and integrity aligns perfectly with Northern Trust’s advice-based approach. We are delighted to have him take on this role and bring his expertise and innovative approach to our business.
Dempsey has extensive business development and strategy experience with 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 also worked at Fulcrum Asset Management, Tremblant Capital Group and Goldman Sachs Asset Management. Tom started his career in financial services with Fiduciary Trust Company International. Dempsey holds a BA from Georgetown University where he is currently a member of their Board of Trustees. He is also a member of the investment committee of Sacred Heart Greenwich.
“Northern Trust shares my passion for providing personalized advice to help achieve positive results not only for businesses and their investors, but also for the individuals and families behind those businesses,” Dempsey said. “I am thrilled to join the team of a company with such a heritage of acting in the best interests of customers, as well as an entrepreneurial spirit and culture that fosters innovation.”
Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and private businesses. It is recognized for its innovative technology, service excellence and depth of expertise and ranks among the top 10 US wealth managers, with $355.4 billion in assets under management as of March 31, 2021. Northern Trust Company is an Equal Housing Lender. FDIC member.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 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 $14.8 trillion and assets under management of $1.4 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its 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 USA, incorporated with limited liability in the USA Please read our global and regulatory information.