Steve "Mac" MacLellan is the President and Chief Executive Officer of the Central Region for Northern Trust's Personal Financial Services (PFS) business. In this capacity he is responsible for leading the region's investment management, banking and fiduciary business for Northern Trust's offices in Illinois, Ohio, Michigan, Minnesota, Wisconsin and Missouri. In addition, MacLellan is a member of the Northern Trust Operating Group, the Northern Trust Personal Financial Services Executive Committee and is a board member of Northern Trust Securities Inc.
Prior to his current role, MacLellan was the CEO and Global Head of Business Practices and Client Segments for Northern Trust's PFS business. In that capacity, he oversaw PFS's professional business practices (investment management, private banking, personal trust and advisory services) as well as PFS's core client segments (Wealth Advisory, Private Client Services, and Foundations & Institutional Services). He was also responsible for the business unit's sales and marketing functions. Prior to assuming this role, MacLellan served as President and CEO for Northern Trust's PFS business in the Southwest Region (Arizona, Texas and Colorado). And prior to that assignment he served as National Director of Wealth Advisory Services.
Prior to joining Northern Trust in 2007, Jim was Senior Vice President and COO for the Mid Atlantic Prime division at Mid Atlantic Capital Group. His previous experience includes positions as Senior Analyst and Managing Director at American Express Alternative Investments, and Vice President and National Marketing Director for American Express Portfolio Management Group. He also worked for Deloitte and Touche LLP in Chicago.
He received a master’s degree in accountancy from DePaul University and a bachelor’s degree in economics from Williams College. Jim is a Chartered Financial Analyst (CFA) charterholder and a Certified Public Account (CPA) – inactive. He also holds NASD Series 7, 24, 63 and 65 licenses.
Jim serves as a member of the Development Committee for the Minneapolis Institute of Arts and is President of the Williams College Regional Alumni Association. In addition, he is a member of the CFA Society of Minnesota and the CFA Institute and is a former 2-term member of the Alumni Council Executive Board for Breck School.