The new appointment will take his new role on June 1.

Financial services firm Northern Trust has appointed Colter Lewis as wealth management president of Texas, replacing Jeffrey Early in the role, effective June 1.

Lewis will maintain his position as Houston president while taking on the expanded regional managing director role. Mark Flagg, Dallas president, Jeff King, Fort Worth president, and Ronnie Powell, Austin president, will report directly to Lewis. 

He has 22 years of experience in the wealth management sector. He joined Northern Trust in 2005 as a wealth advisor. Lewis was promoted to managing director in 2008 and was named Houston president in 2013.

Early has been with Northern Trust for 40 years. In addition to his role as Texas president, he served on several wealth management leadership committees, including the executive leadership Team, the West Region leadership group, and the wealth management operating group. 

“A prominent figure across the Texas market, Jeff has made an invaluable contribution to expanding our client base, product capabilities and legacy in the region,” said Steven Bell, president of the West Region at Northern Trust. “I express my sincere appreciation for his remarkable contributions and dedicated service. We are delighted to welcome Colter into an expanded role in Texas. His vision, creativity and regional experience will attract global, sophisticated investors to Northern Trust Wealth Management, building on the state-wide success that the team has established and continues to garner.”

In April, this publication reported that Northern Trust said wealth management's assets under management had rose 10 per cent year-on-year to $287.4 billion as at March 31 this year, but dropped one per cent on the previous three-month period.