Northern Trust has promoted a new managing executive and hired three new senior level banking executives for the company’s Miami operations.

Dawn Palavecino has been named managing executive for the Private Client Services division and oversees a team of 15 wealth management professionals, including private bankers, investment managers and estate and trust planning advisors. She reports to Alexander Adams, senior vice president and managing director for PCS in Miami.

Ms Palavecino was most recently a vice president of Private Banking for the company, responsible for cultivating and developing banking relationships with high net worth clients.

Northern Trust has also hired Gary Curry as vice president and private banking relationship manager, and Sharon Fine and Chi Ly as vice presidents and portfolio managers.

Mr Curry joins Northern Trust from Bank of America in Miami, where as a vice president and private client manager he was responsible for a $250 million client portfolio.

Also joining Northern Trust from Bank of America, Ms Ly will be responsible for managing diversified investment portfolios for high net worth investors and families. Her latest post was as vice president and portfolio manager, based in Atlanta.

Ms Fine was also formerly a vice president and portfolio manager and joins Northern Trust from Sun Trust Banks.

Northern Trust has 25 office locations throughout Florida.