Wilmington Trust Adds Experts to Capital Markets Group in Corporate Client Services Business

  
    
  
  
    
      Wilmington Trust announced today that it has hired 12 corporate trust 
      experts in its Corporate Client Services (CCS) business to augment the 
      administrative services it performs for corporate participants in 
      capital markets transactions.
    
    
      These staff additions follow investments Wilmington Trust has made in 
      recent years to grow its CCS business, including introducing new 
      products and services, strengthening existing operations, and expanding 
      in Europe. The new staff members specialize in providing administrative 
      services for corporate debt issuances; corporate debt defaults; mergers 
      and acquisitions, including escrow services; and corporate 
      restructurings, while offering other fiduciary and agency services. 
      Their hiring also follows the addition of a group of corporate trust 
      professionals brought on last year to perform administrative services 
      for global project finance transactions, global and cross-border trusts, 
      and other capital markets financing structures.
    
    
      “Current stresses in the credit markets have 
      given rise to the restructuring of many large-scale capital markets 
      transactions,” said Ted T. Cecala, Wilmington 
      Trust chairman and CEO. “This market force, 
      combined with a shrinking number of capital markets service providers, 
      presents an opportunity for CCS to grow in this attractive market 
      segment.”
    
    
      The new staff members will be led by Lon LeClair, a 15-year industry 
      veteran who most recently headed a corporate products group for a major 
      corporate trust services organization in Minneapolis. Mr. LeClair will 
      be joined by colleagues Julie Becker, Joe Clark, Peter Finkel, Frank 
      McDonald, Tim Mowdy, Joe O’Donnell, Jeff Rose, 
      Kristin Schillinger, Jane Schweiger, Nick Tally, and Barbara Thomas.
    
    
      “Despite a severe slowdown in some segments of 
      the capital markets in recent months, including asset-backed 
      securitizations and collateralized debt obligations, other segments, 
      including corporate restructuring and bankruptcy trustee assignments, 
      are growing,” said Jack Beeson, senior vice 
      president and head of the Capital Markets Group in CCS. “Our 
      new staff members add talent, depth, and experience to a capital markets 
      team that, we believe, is among the premier providers of administrative 
      services in the industry.”
    
    
      Wilmington Trust’s CCS business is a leading 
      provider of trustee, agency, administrative, and investment management 
      services for institutional clients worldwide. Because Wilmington Trust 
      does not participate in most corporate financing, securities 
      underwriting, or certain advisory activities, the company is often 
      selected as a preferred provider of the conflict-free services that many 
      corporate clients require.
    
    
      Wilmington Trust Corporation (NYSE:WL) is a financial services holding 
      company that provides Regional Banking services throughout the 
      mid-Atlantic region, Wealth Advisory Services for high-net-worth clients 
      in 36 countries, and Corporate Client Services for institutional clients 
      in 86 countries. Its wholly owned bank subsidiary, Wilmington Trust 
      Company, which was founded in 1903, is one of the largest personal trust 
      providers in the United States and the leading retail and commercial 
      bank in Delaware. Wilmington Trust Corporation and its affiliates have 
      offices in Arizona, California, Connecticut, Delaware, Florida, Georgia, 
      Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, 
      Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel 
      Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam.