Regan takes Bell's position as head of Northern's Wealth Management group. Wealth-service provider Northern Trust has put Douglas Regan in charge of its multifamily office division. He replaces Steven Bell, who very recently became head of Northern Trust's private-banking operations in Northern California.

The other shoe

Regan, a 21-year veteran of Chicago-based Northern Trust, used to run the holding company's private-client business in Florida. Now he'll be helming Northern Trust's "Wealth Management" group -- a.k.a. its multifamily office.

The Wealth Management group had $124 billion in assets under custody and $25 billion in assets under investment management. It serves 352 families in 15 countries. -FWR

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