Northern Trust has named John Fumagalli President of Northern Trust in Florida. Fumagalli succeeds well-known banker Sheldon Anderson, who announced his retirement earlier this year.
A Northern Trust veteran, Fumagalli joined Northern Trust in Chicago in 1989. In the years since he was served as President and CEO of Northern Trust in Missouri, President and CEO for the Southwest Florida region and regional head of West Florida. In his new position, he oversees Northern Trust’s 22 offices across the state.
Anderson, who has served as Chairman and CEO of Northern Trust’s Southeast Region since 2009, will retire on December 31, 2012. He will continue in a new capacity as Chairman of Northern Trust’s Florida Advisory Board.
John Fumagalli succeeds Sheldon Anderson at Northern Trust Florida
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John Fumagalli succeeds Sheldon Anderson at Northern Trust Florida