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 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.

The 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.

“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.”

Montañez 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.

Previously, 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.

Montañez 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 received his MBA and BA. As an undergraduate, he was a member of the baseball team that won four consecutive conference titles and a Division I national championship.

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise, with $446.9 billion in assets under management as of March 31, 2025. The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.