STREET MOVES: Wilmington Trust Hires Senior Family-Office Adviser

By Thomas Coyle

Of DOW JONES NEWSIRES

Wilmington Trust Corp. (WL) has hired former multifamily-office executive Linda Bourn as a managing director of its family-office focused Wealth Advisory Services business. Though based in New York, she will work with the trust company's family-office clients throughout the U.S.

Wilmington Trust Wealth Advisory Services provides financial and risk management, tax and accounting services, investment oversight and reporting, and lifestyle-management services along with personal-trust, estate-planning services.

Bourn comes to Wilmington Trust from Princeton, N.J.-based OmniVest Group - formerly Clearbrook Partners, a multifamily office that broke away from investment-platform provider Clearbrook Financial in the first quarter. Prior to joining Clearbrook Partners in May 2008, she was family-office practice leader at consulting firm Marsh & McLennan Inc. (MMC).

Mark Graham, head of Wilmington Trust Wealth Advisory Services, says finding advisors as experiences as Bourn in working with ultra-wealthy families is a tall order - a sentiment echoed by recruiters who specialize in finding professional staffers for private and commercial family offices.

Wilmington, Del.-based Wilmington Trust has offices in 16 states as well as in Europe and the Cayman Islands.

-By Thomas Coyle, Dow Jones Newswires; [e-mail]