Northern Trust Corp. has named John Fumagalli president of its Florida operations.

He succeeds Sheldon Anderson, who is retiring Dec. 31.

Fumagalli will run Northern Trust’s statewide investment management, trust and estate planning, private and business banking operations and financial consulting practice.

He was the bank’s president and CEO for southwest Florida and the west Florida regional head. He will report to David Blowers, the New York-based president and CEO of Northern Trust’s Eastern region.

The bank has 21 Florida offices from Coral Gables to Tampa.