Northern Trust Wealth Management expanded its Family Office Solutions team in New York with the appointments of Robert Ludricks III as Managing Director, Northeast Region, and Olof Akesson as Investment Director.
The additions strengthen Northern Trust’s capabilities serving ultra-high-net-worth families, entrepreneurs, business owners, and multigenerational families throughout New York and the broader Northeast.
Northern Trust’s Family Office Solutions business provides clients with institutional-grade wealth management capabilities and a dedicated team for managing complex family wealth.
Services include investment strategy, fiduciary oversight, consolidated reporting, philanthropic advisory, family governance, risk management, and lifestyle support.
Ludricks brings more than 35 years of experience advising clients on investment management, wealth planning, and fiduciary matters.
He most recently served as Managing Director and Senior Relationship Manager at Brown Brothers Harriman.
Before that, Ludricks spent nearly two decades at Bessemer Trust in senior advisory and leadership positions.
Akesson brings more than 20 years of experience spanning private markets, investment banking, and relationship management.
He has spent the past decade advising single-family offices.
Akesson most recently served as Managing Director at KABR Group.
Earlier in his career, he held senior business development and sales leadership positions at Benefit Street Partners and worked at J.P. Morgan and HSBC.
Northern Trust Wealth Management had approximately $534 billion in assets under management as of June 30, 2026.
Its broader parent company, Northern Trust, reported approximately $20 trillion in assets under custody and administration and $2 trillion in assets under management as of the same date.
KEY QUOTES:
“Families with significant wealth increasingly face decisions that cut across their businesses, investments and long-term plans. Bob and Olof bring complementary experience and strengthen the advice and services we offer entrepreneurs, business owners and multigenerational families in New York and across the region.”
Katie Nixon, Northeast Region President at Northern Trust Wealth Management
