"Northern Trust recognizes the definition of family has evolved," McGowan said. "We have been helping LGBT clients develop wealth management strategies for decades and have the experience to deal with unique legal, tax and wealth transfer challenges. The creation of this group will help ensure our strategic focus will be executed more broadly across our network."

Mark Braun will be the national practice liaison charged with building relationships with LGBT households, as well as community organizations. Previously, Braun was a private banker serving families and individuals.

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