Northern Trust’s efforts to become a US-wide wealth manager moved closer to reality with the opening of an office in Boston. The new office ...

Northern Trust’s efforts to become a US-wide wealth manager moved closer to reality with the opening of an office in Boston. The new office will be part of the group’s main wealth management unit, its personal financial services group. It will target high net worth individuals in Boston and throughout the state of Massachusetts.

Lee Woolley will head the new unit; he was previously director of Northern Trust’s Midwest US wealth strategies group. The announcement follows the opening of offices in New York, Connecticut and Delaware by one of the US’s best known wealth management brands.