Northern Trust Added Two to New York Team
The firm expanded its Family Office Solutions division by hiring two industry veterans for its New York office.
Updated on Sept. 28, 2026 in People
Northern Trust Wealth Management has appointed Robert Ludricks III and Olof Akesson to its Family Office Solutions team in New York. The move reinforces the firm's presence in the Northeast region.
Why it matters
The addition of these experienced professionals signals a strategic focus on strengthening the firm's specialized services for high-net-worth clients. By securing talent with extensive backgrounds, the organization aims to bolster its regional capabilities.
The firm added two staff members to the New York office. Robert Ludricks III brings more than 35 years of professional experience, including a tenure of nearly two decades at Bessemer Trust.
The players
Robert Ludricks III
He is the new managing director for the Northeast region who previously spent nearly two decades at Bessemer Trust.
Olof Akesson
He joins the firm as an investment director for the New York-based Family Office Solutions team.
Northern Trust Wealth Management
This is a financial services institution providing wealth management and family office solutions to clients.
The details
Robert Ludricks III joins the team as the managing director for the Northeast region, while Olof Akesson has been appointed as an investment director. Before this transition, Ludricks served as a managing director at Brown Brothers Harriman.
Timeline
September 28, 2026: Announcement of the new hires.
Market Landscape
The acquisition of seasoned leadership reflects a broader trend of institutional expansion within the competitive Manhattan wealth management sector. This move intensifies the ongoing battle for high-net-worth clients among established financial service firms.
Local clients and prospective family office partners may see changes in account management as the firm integrates these new hires. The expansion suggests a heightened level of service availability for the firm's Northeast clientele.
The takeaway
Firms often recruit long-tenured professionals to maintain continuity during periods of strategic growth. Clients should monitor whether these leadership shifts lead to changes in investment advisory strategies.
Further reading
For more on industry staffing trends, visit the People section.
