Northern Trust has promoted Rick Fernandez to Managing Director of one of its Wealth Advisory teams in its Miami office, and has hired Xavier Martinez as Senior Portfolio Manager within that team.
Fernandez, who joined Northern Trust in 2002, has responsibility for overseeing a team of professionals who serve high net worth clients and families with comprehensive wealth management services incorporating investment management, trust, and banking solutions.
Martinez will be directly reporting to Fernandez. He most recently served as Chief Investment Officer for Coconut Grove Bank, and immediately prior to that spent nine years with Fiduciary Trust International, where he managed high net worth client portfolios for more than nine years as Managing Director of Investments.
Alexander Adams, Northern Trust Senior Market Executive for Miami-Dade County, said, “These moves greatly strengthen our team, as Xavier brings to us deep expertise and experience in the precise type of clients we serve, while Rick’s extensive experience meeting our clients’ complex needs makes him extremely qualified to lead our talented team of professionals.”
Fernandez earned his MBA from the Darden Graduate School of Business at the University of Virginia, and his BBA in Finance from Florida International University. He is a Certified Private Wealth Advisor (CPWA). He is a Director of Make-A-Wish Southern Florida.
Martinez received a Bachelor of Science degree in Civil Engineering from Tulane University where he graduated Magna Cum Laude, and earned a Juris Doctor degree with honors from Duke University School of Law, where he was honored as a member of the Order of the Coif. He is a Chartered Financial Analyst (CFA). He is the President of the College Assistance Program, Inc. and the Secretary of the Board of Advisors for Belen Jesuit Preparatory.
Northern Trust’s Miami office is located at 600 Brickell Avenue, Miami, Florida.