John McGowan has been named the national practice leader responsible for implementing the program in markets throughout the US.
McGowan, who has more than 24 years of industry experience, previously served as a senior relationship manager in Northern Trust‘s Wealth Management Group, a specialized unit focused on addressing the complex financial needs of ultra high-net worth families and their family offices.
McGowan said Northern Trust recognizes the definition of family has evolved.
"We have been helping LGBT clients develop wealth management strategies for decades and have the experience to deal with unique legal, tax and wealth transfer challenges. The creation of this group will help ensure our strategic focus will be executed more broadly across our network," McGowan added.
Mark Braun has been named the national practice liaison focused on building relationships with LGBT individuals and families, community organizations, and other advisors.
