CLEVELAND--(BUSINESS WIRE)--Aug 17, 2026--
Glenmede, a privately held and independently owned wealth and investment management firm, today announced the appointment of Michael H. Novak as Relationship Manager, Wealth Advisory, and Managing Director, reporting into Bethany Bryant, Ohio Regional Director.
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In this role, Mr. Novak will provide fiduciary, advisory, and wealth planning guidance to support Glenmede clients as they pursue their wealth management objectives. He will also partner closely with his advisory, tax, and wealth planning colleagues to deliver tailored advice for each client relationship.
“Mike brings extensive experience as a fiduciary and trusted advisor in wealth management and estate planning to Glenmede. His deep expertise and commitment to client service will be a tremendous asset to our team and the families we serve,” says Ms. Bryant.
Mr. Novak has more than 30 years of experience in the wealth management industry. Most recently, he served as Senior Fiduciary Officer/Senior Vice President at Northern Trust Corporation, where he was responsible for managing the trust practice in Ohio, supporting the strategic direction for the development of the Ohio trust practice and working to acquire new business opportunities. Previously, he was a Personal Trust Officer/Senior Vice President at Key Private Bank, managing high-net-worth client relationships in the Family Wealth division.
Mr. Novak earned his Master of Business Administration, with a concentration in banking and finance, from Case Western Reserve University and his Bachelor of Science in finance from the University of Dayton. He is a member of the Estate Planning Council of Cleveland, where he has served on the board since 2017, most recently as president. He also serves on the Southwest General Hospital Foundation Board and the associated Investment and Finance Committees.
About Glenmede
The Glenmede Trust Company, N.A. (“Glenmede”) is among the nation’s leading investment and wealth management firms. Together with its affiliates, Glenmede oversees $53 billion* in assets under management for high-net-worth individuals, families, family offices, endowments, foundations, and institutional clients. Headquartered in Philadelphia, Glenmede has offices in Ohio, Delaware, Florida, New Jersey, New York, Pittsburgh, and Washington, DC. For more information, visit http://www.glenmede.com.
*As of 6/30/2026
Michael Novak, Relationship Manager, Wealth Advisory, Glenmede
A Russian court on Monday convicted a prominent opposition politician for speaking out against the war in Ukraine and sentenced him to 11 years and one month in prison in the latest crackdown leading up to next month's parliamentary election.
The verdict against Lev Shlosberg, a senior member of the Yabloko party, was another step by the Kremlin to stifle dissent since Russia invaded its neighbor in February 2022. Yabloko is the only official political party overtly opposing the war.
In a separate ruling Monday, Russia’s Supreme Court upheld its earlier decision to bar Yabloko from the ballot in the Sept. 18-20 parliamentary vote, denying an appeal by the party.
The moves against Shlosberg and Yabloko highlight the Kremlin’s intolerance toward any criticism of the war, now in its fifth year.
Shlosberg, 63, is Yabloko's deputy chairman and served in the regional legislature of Pskov from 2016-21. He stood trial in the city of Pskov, some 600 kilometers (370 miles) northwest of Moscow, on charges of "discrediting” and spreading “false information” about the Russian military.
The charges stemmed from a debate in which he called for ending the war and from posting on his Telegram channel a British tabloid front page featuring an image of a bloodied woman next to one of Russian President Vladimir Putin, with the headline: "Her blood ... his hands.” Shlosberg has rejected the charges as unfounded.
It was the second trial for Shlosberg in the last two years. He has also been designated a “foreign agent,” a label that carries strong pejorative connotations in Russia and brings additional government scrutiny. He was convicted of violating the foreign agent regulations.
In December 2025, he was placed in pretrial detention on the new charges and has been behind bars ever since. He is one of several prominent Yabloko members in recent years to be jailed or designated a “foreign agent” as Kremlin pressure on the party has mounted.
In his final statement to the court Friday, Shlosberg said that for 30 years, Russia has traveled “a path from hopes for freedom to the almost complete destruction of human and civil rights and freedoms.”
He said the war in Ukraine has “changed the lives of every Russian citizen without exception,” and predicted that once its true death toll becomes known, “the entire country will shudder.”
Yabloko said Shlosberg received a “barbaric sentence” for “love of the Motherland and calls for a ceasefire.” In a statement on Telegram, the party said Shlosberg will appeal.
Amnesty International denounced the verdict against Shlosberg.
“His arbitrary prosecution and sentencing are blatant reprisals for exercising his right to freedom of expression to call for peace,” said Marie Struthers, the group's Eastern Europe and Central Asia director.
“The Russian authorities must immediately and unconditionally release Lev Shlosberg and quash his conviction," her statement added. “They must repeal legislation criminalizing peaceful anti-war expression, end the persecution of Yabloko members and supporters, and respect the rights to freedom of expression, association, peaceful assembly and political participation for all Russians.”
In Moscow, the Supreme Court upheld its ruling of a week ago to remove Yabloko from the ballot in the election for the State Duma, Russia's lower house of parliament, denying an appeal by the party.
The Central Election Commission in July had allowed Yabloko on the ballot along with 10 other parties. Young social media users and many Russian opposition figures in exile have since come out in support of Yabloko, urging voters to back the party, once a leading liberal voice in parliament that later lost its bloc of seats as the Kremlin tightened its grip on politics.
In recent years, Yabloko was the only registered opposition party that opposed Russia’s full-scale invasion of Ukraine.
Its campaign slogans for this year’s election included, “For a ceasefire agreement, diplomacy and peace!” “Our goal is to prevent nuclear war!” and “For a Russia free from fear and political repression!”
Several Kremlin parties publicly assailed Yabloko for its anti-war stance after it got a slot on the ballot. The Motherland Party filed a lawsuit with the Supreme Court, demanding its removal from the ballot, accusing Yabloko of copyright infringement and exceeding campaign spending limits. The party also viewed Yabloko’s stance on Ukraine as unlawful and tantamount to calling for the violation of Russia’s territorial integrity.
Yabloko rejected these accusations, but the Supreme Court sided with the Motherland Party.
As the court met Monday on Yabloko's appeal, the party's supporters gathered outside the courthouse and Russian media reported that several dozen people were detained.
Liberal politician Grigory Yavlinsky, who co-founded Yabloko in the 1990s and chairs its political committee, deplored the court's ruling in an online statement. It marked “a serious, deepening crisis in the Russian political system and a lack of understanding of a desired future,” he said.
“People begin to feel this more acutely, regardless of their political views and positions," he said, adding that Yabloko's campaign “for peace and freedom” hit this particular “sore point.”
Yabloko chairman Nikolai Rybakov told reporters after the ruling that the party will continue its fight by lodging a complaint to the Presidium of the Supreme Court and possibly going to the Constitutional Court — “so that the citizens of our country have a peaceful, lawful and safe way of voting for peace, freedom and life without fear in Russia.”
Regarding the prison term handed to Shlosberg, Rybakov said that “our feelings are with Lev and other political prisoners who have fought and are fighting for peace, for people to not die.”
Lev Shlosberg, second right, senior member of the Yabloko party, stands in the defendant's box as the judge delivers a verdict in the case against him in a court in Pskov, Russia, Monday, Aug. 17, 2026. (AP Photo)
Lev Shlosberg, second right, senior member of the Yabloko party, stands in the defendant's box as the judge delivers a verdict in the case against him in a court in Pskov, Russia, Monday, Aug. 17, 2026. (AP Photo)
Lev Shlosberg, center, senior member of the Yabloko party, is being led out of the court room after a judge convicted him and sentenced him to more than 11 years in prison, in a court in Pskov, Russia, Monday, Aug. 17, 2026. (AP Photo)
