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Northern Trust makes management changes in Dallas

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Northern Trust has appointed Patrick Everett as Dallas region president, overseeing the company’s North Texas wealth management operations, which provide investment management, fiduciary services and banking solutions to individuals and institutions.

Formerly chief investment officer for Northern Trust’s Western region including California, Washington and Nevada, Everett will relocate to Dallas. He joined Northern Trust in 1996 as a portfolio manager and also served as president and chief executive of Northern Trust, FSB in Las Vegas, Nevada.

Everett reports to Southwest region president Steve MacLellan, who manages personal financial services for the company’s 16 offices in Arizona, Colorado and Texas.

"We are thrilled to announce Pat’s new leadership role in the Dallas market, a vital part of Northern Trust’s Southwest region," says MacLellan. "With 30 years of experience in wealth management, Pat will undoubtedly enhance our local presence as we continue to grow throughout Dallas."

Dewain Hill will assume expanded responsibility for Northern Trust’s banking and lending operations in Texas, Arizona and Colorado as new Southwest region chief credit and banking officer. Previously responsible for Northern Trust’s banking and lending activities throughout Texas, Hill will remain in Dallas where he has more than 30 years of banking experience.

Additionally, senior investment manager Cliff Demarest has been named managing director of wealth advisory services in Dallas. Serving the Dallas market for four years, Demarest has advised numerous local endowment, foundation, and high net worth clients.

"In his more than ten years with Northern Trust, Dewain has demonstrated a strong commitment to client service. The Arizona and Colorado markets will benefit from his focus on the complex banking needs of affluent individuals and families," says MacLellan. "Additionally, Cliff’s experience providing comprehensive wealth management solutions will further our ability to provide customized advice and objective solutions through our sophisticated wealth advisory platform."

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