Press release
Northern Trust Names New West Region President
Abel Montañez to drive growth and deepen client engagement across the Western U.S. LOS ANGELES--(BUSINESS WIRE)-- Northern Trust Wealth Management has
About this update from Northern Trust Corporation
[{"type":"text","content":"\nAbel Montañez to drive growth and deepen client engagement across the Western U.S.\n\n\n LOS ANGELES--(BUSINESS WIRE)--\nNorthern Trust Wealth Management has appointed Abel Montañez as President of the West Region. Montañez, who has nearly 25 years of financial services experience, will lead an integrated team that delivers investment management, trust and estate planning, private and business banking and financial consulting for clients.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250630577728/en/Abel Montañez, West Region President\nThe West Region has seen decades of value creation in technology, entertainment, real estate and private equity. The client base represents both immense opportunity and increasing complexity—dynamics Montañez will oversee in his new leadership role.\n\n\n“Abel has a strong command of how wealth is evolving—business owners preparing for exits, families launching offices and rising generations taking the reins,” Wealth Management President Jason Tyler said. “Abel’s experience and deep engagement in the region make him the right leader for Northern Trust. The Western states reflect the convergence of innovation, entrepreneurship and generational transitions. He will help capture this momentum and invigorate a region that is defining modern wealth.”\n\n\nMontañez succeeds Marc Cosentino, who is retiring effective July 1. Cosentino’s career with Northern Trust spans three decades and numerous leadership roles. In addition to West Region President, Cosentino served as President of Northern Trust's Pacific Northwest and Northern California regions. He also served as Head of Client Advisory for GFO as well as Head of Public Entities & Institutions, Asset Servicing, North America.\n\n\nPreviously, Montañez was an Executive Vice President and Head of Private Banking & Wealth Management at City National Bank, a subsidiary of the Royal Bank of Canada. He spent the prior 14 years at Wells Fargo, serving as Regional Managing Director and Senior Wealth Advisor.\n\n\nMontañez is a board member for Foothill Family Services, a nonprofit organization serving at-risk children and families in Southern California. He also serves on the corporate advisory board for the Marshall School of Business at the University of Southern California, where he recei...