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Former exec rejoins Northern Trust; T. Rowe Price director resigns

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Former exec rejoins Northern Trust; T. Rowe Price director resigns

S&P Global Market Intelligence presents a daily roundup of management and board changes in the financial services and bank and thrift industries. This feature excludes C-level leadership changes and stories previously covered by S&P Global Market Intelligence.

Banking

Manitowoc, Wis.-based Bank First National disclosed the upcoming retirement of Executive Vice President Don Sorenson.

Financial services

H. Lawrence Culp Jr. resigned from the board of T. Rowe Price Group Inc. due to his appointment as chairman and CEO of General Electric Co.

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Northern Trust Corp. appointed Marc Mallett director of strategy for asset servicing for the Americas.

Mallett has more than two decades of experience in financial services consulting, technology and operations, including leadership roles in Northern Trust's investment operations outsourcing business from 2010 to 2014. Mallett rejoins the Chicago-based company from SimCorp, where he headed sales and product management for North America.

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Raymond James Financial Inc. appointed Robert Dutkowsky nonexecutive director.

Dutkowsky, 63, is the executive chairman of Tech Data Corp.