WTNA

Wilmington Trust 2023 Markets Outlook Forecasts Possible Mild Recession, Continued Inflation

Retrieved on: 
Wednesday, December 7, 2022

WILMINGTON, Del., Dec. 7, 2022 /PRNewswire/ -- Wilmington Trust today released its 2023 Capital Markets Forecast (CMF) -- "Inflationary Vortex" -- which identified several key headwinds for the global economy heading into the new year, including continued pressures in a tight labor market; the transition to clean energy; and China's socioeconomic evolution.

Key Points: 
  • Wilmington Trust expects the 2023 recession to be short-lived, given the fact that it is already priced into the markets and the U.S. economy will likely rebound shortly after.
  • However, as we enter the first half of 2023, Wilmington Trust expects a slight upward movement in the unemployment rate, including limited nationwide net job losses.
  • Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, Wilmington Trust, N.A.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

Wilmington Trust Announces 5 Key Hires to CLO Trustee & Loan Administration Division

Retrieved on: 
Friday, December 2, 2022

WILMINGTON, Del., Dec. 2, 2022 /PRNewswire/ -- Wilmington Trust, the leader in corporate, institutional, and global capital market services, today announced five new team members have joined the CLO division – Ann Cung, Jeremy Edmiston, Jack Lindsay, Ana Perkovic and Wolf Thiele. This marks 22 hires thus far in 2022, as the division continues its commitment to attracting top talent to service the thriving CLO marketplace and growing Wilmington Trust client base. They will report directly to Richard Britt, CLO Product Division Leader. 

Key Points: 
  • Bringing on this group demonstrates our commitment to this space and the significant investment we are continuing to make in our CLO and Loan Administration division."
  • Wilmington Trust's CLO & Loan Administration division is an extension of Wilmington Trust's Loan Agency and Global Capital Markets businesses, leveraging automated technology to enhance the accuracy and delivery of critical reporting and data to loan market participants.
  • To learn more about Wilmington Trust's services, visit the firm's CLO Trustee, Borrowing Base & Loan Administration Services page.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

Wilmington Trust Announces Launch of Innovative BoardingPass Participation Agreement App

Retrieved on: 
Tuesday, September 13, 2022

WILMINGTON, Del., Sept. 13, 2022 /PRNewswire/ -- Wilmington Trust, a leader in corporate and institutional trust services, today announced the launch of BoardingPass, a digital solution that automates and simplifies the onboarding process for collective investment trusts (CITs).

Key Points: 
  • WILMINGTON, Del., Sept. 13, 2022 /PRNewswire/ -- Wilmington Trust, a leader in corporate and institutional trust services, today announced the launch of BoardingPass , a digital solution that automates and simplifies the onboarding process for collective investment trusts (CITs).
  • BoardingPass is now available for a segment of Wilmington Trust clients and will be rolled out broadly in October.
  • Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, Wilmington Trust, N.A.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

Northern Trust Selected by Wilmington Trust to Support Market-Leading Collective Investment Trust (CIT) Platform

Retrieved on: 
Tuesday, June 14, 2022

“CITs continue to be an increasingly popular investment vehicle to support the long-term investment goals of plan participants for the U.S. retirement plan space. Wilmington Trust needed a service provider with a deep understanding of this vehicle, the commitment and expertise to service plan participants’ unique needs, and the operational strength and technology to support the complexity of a diverse group of investment strategies,” said Rob Barnett, Executive Vice President and head of intermediary sales at Wilmington Trust. “Northern Trust’s expertise in both the CIT and pension space -- combined with their exceptional client service leveraging flexible and customizable technology -- makes for a quality experience that strives to bring CITs into the modern space.”

Key Points: 
  • Northern Trust (Nasdaq: NTRS) has been selected by Wilmington Trust, N.A.
  • The agreement offers Wilmington Trust a competitive edge by implementing the customized solutions, deep expertise, and innovative technologies provided by the Northern Trust team.
  • CITs continue to be an increasingly popular investment vehicle to support the long-term investment goals of plan participants for the U.S. retirement plan space.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

Wilmington Trust Adds Three Senior Members to CLO Trustee & Loan Administration Division

Retrieved on: 
Friday, May 20, 2022

WILMINGTON, Del., May 20, 2022 /PRNewswire/ -- Wilmington Trust, a leader in corporate and institutional trust services, today announced it has added three new vice presidents to its rapidly growing CLO and Loan Administration Division – Michael Mooneyham, Ryan Murray & Madhura Swadi – highlighting the firm's commitment to adding top talent to service a growing marketplace.

Key Points: 
  • Mooneyham and Murray will report to Richard Britt, head of CLO & Loan Administration, and Swadi will report to Jin Lee, head of CLO Analytics.
  • Wilmington Trust's CLO & Loan Administration division is an extension of Wilmington Trust's Loan Agency and Structured Finance businesses, leveraging automated technology to enhance the accuracy and delivery of critical reporting and data to loan market participants.
  • To learn more about Wilmington Trust's services, visit the firm's CLO Trustee, Borrowing Base & Loan Administration Services page.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

Wilmington Trust Adds Laura Phillips as Senior Wealth Advisor to Palm Beach Office

Retrieved on: 
Tuesday, May 17, 2022

WILMINGTON, Del., May 17, 2022 /PRNewswire/ --Wilmington Trust, a leader in wealth management and corporate and institutional services, announced today that Laura Phillips has been hired as a senior wealth advisor in its North Palm Beach, FL office.

Key Points: 
  • WILMINGTON, Del., May 17, 2022 /PRNewswire/ --Wilmington Trust, a leader in wealth management and corporate and institutional services, announced today that Laura Phillips has been hired as a senior wealth advisor in its North Palm Beach, FL office.
  • "We're glad to welcome Laura to our growing Florida region," said Ted Brown, Wilmington Trust Wealth Management regional executive.
  • Prior to joining Wilmington Trust in 2022, she was a wealth advisor in the Private Wealth division at Regions Bank.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

Wilmington Trust Adds Terisa Heine as Senior Wealth Fiduciary Advisor to Palm Beach Office

Retrieved on: 
Wednesday, May 11, 2022

WILMINGTON, Del., May 11, 2022 /PRNewswire/ -- Wilmington Trust, a leader in wealth management and corporate and institutional services, said today that Terisa Heine has been hired as a senior wealth fiduciary advisor in its North Palm Beach, Florida office.

Key Points: 
  • WILMINGTON, Del., May 11, 2022 /PRNewswire/ -- Wilmington Trust, a leader in wealth management and corporate and institutional services, said today that Terisa Heine has been hired as a senior wealth fiduciary advisor in its North Palm Beach, Florida office.
  • "Welcoming Terisa to Florida's growing team further strengthens the growth we are aiming for to better serve clients," said Ted Brown, wealth regional executive for Wilmington Trust.
  • Prior to joining Wilmington Trust, Heine served as a senior fiduciary advisor at Regions Private Wealth Management and Wells Fargo Private Bank.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

Two Wilmington Trust Wealth Professionals Named to Forbes 2022 Awards Lists

Retrieved on: 
Monday, May 9, 2022

NEW YORK and WILMINGTON, Del., May 9, 2022 /PRNewswire/ -- Wilmington Trust today announced that Sharon L. Klein, Executive Vice President & President, Family Wealth, Eastern U.S.

Key Points: 
  • NEW YORK and WILMINGTON, Del., May 9, 2022 /PRNewswire/ -- Wilmington Trust today announced that Sharon L. Klein, Executive Vice President & President, Family Wealth, Eastern U.S.
  • Region, head of National Matrimonial/Divorce Advisory Practice, has been named to the Forbes 2022 Lists for Top 100 Women Wealth Advisors in the U.S., Best-In-New York Wealth Advisors, and Best-In-New York Women Wealth Advisors; and Christy Watkins, Senior Vice President, Regional Investment Advisory Lead, has been named to the Forbes 2022 Lists for Top 100 Women Wealth Advisors in the U.S. and Best-In-Delaware Women Wealth Advisors.
  • "To have both Christy and Sharon named to these prestigious lists exemplifies the level of service our experts provide to clients every day, especially amidst constantly changing economic climates," said Bill LaFond, area Wealth executive for Wilmington Trust.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).

Meghan Shue named to American Banker's Most Powerful Women in Banking: Next 2022

Retrieved on: 
Tuesday, May 3, 2022

WILMINGTON, Del., May 3, 2022 /PRNewswire/ -- Wilmington Trust, a leader in wealth management and corporate and institutional services, announced that Meghan Shue, Executive Vice President and Head of Investment Strategy and Portfolio Construction, has been recognized as one of American Banker's Most Powerful Women in Banking: Next 2022, a notable list which recognizes the accomplishments of women in the banking industry.

Key Points: 
  • Shue joined Wilmington Trust in September 2017 and has served as Head of Investment Strategy and Portfolio Construction since January 2020.
  • Shue is a leading member of the firm's Investment Committee, which is responsible for deriving strategic and tactical asset allocation positioning.
  • This recognition for Shue is the latest in a line of Wilmington Trust women leaders included on American Banker awards lists, including Abby Mrozinski (Most Powerful Women In Banking: NEXT, 2019), Michele Trolli (Most Powerful Women to Watch, 2021) and Detra Miller (Most Powerful Women: Next, 2020).
  • The Most Powerful Women in Banking: NEXT honorees will be recognized as part of the Most Powerful Women in Banking 20th anniversary celebrations in late October.

Wilmington Trust Adds Skip Stern as Senior Private Banker to New York City Office

Retrieved on: 
Wednesday, April 27, 2022

WILMINGTON, Del., April 27, 2022 /PRNewswire/ -- Wilmington Trust, a leader in wealth management and corporate and institutional services, said today that Skip Stern has been hired as a senior private banker in its New York City office.

Key Points: 
  • WILMINGTON, Del., April 27, 2022 /PRNewswire/ -- Wilmington Trust, a leader in wealth management and corporate and institutional services, said today that Skip Stern has been hired as a senior private banker in its New York City office.
  • "Welcoming Skip to our team in New York City is exciting and speaks to our growth," said Jon Coppola, Head of Private Banking for Wilmington Trust.
  • "I am excited to be joining Wilmington Trust and serving clients in New York City and Long Island," said Stern.
  • (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM).