Wilmington Trust Promotes Leaders in Investment Management Organization

  
    
  
  
    
      Wilmington Trust, one of the nation’s leading wealth management 
      companies, has promoted several leaders at Wilmington Trust Investment 
      Management (WTIM), the investment arm of its asset management business. 
      The promotions reflect an updated organizational structure designed to 
      enhance WTIM’s services to clients, said Robert M. Balentine, chairman 
      and CEO of WTIM.
    
    
      “Over the past several years we have assembled an exceptional team whose 
      sole focus is on delivering our best thinking to all of our clients’ 
      portfolios,” said Mr. Balentine. “WTIM’s new organizational structure 
      strengthens our demonstrated ability to have all areas of our investment 
      management group – research, asset allocation, security and manager 
      selection, client services, and administration – work together in our 
      efforts to help preserve and grow our clients’ wealth.”
    
    
      Among those who have received a promotion is Sam Fraundorf, who has been 
      named chief operating officer at WTIM. Mr. Fraundorf will work directly 
      with Mr. Balentine to oversee all aspects of WTIM’s business, including 
      strategy and planning, and will have executive responsibility for the 
      Wilmington Funds, Wilmington Trust’s mutual fund business. Mr. Fraundorf 
      joined Wilmington Trust in 2004 from KPMG Investment Advisors, where he 
      served as director of alternative assets. In 2007 he was named director 
      of research for WTIM. Mr. Fraundorf earned a master’s degree in Finance 
      from Georgia State University and bachelor’s degrees in Finance and 
      Accounting from the University of Idaho. He holds the Chartered 
      Financial Analyst (CFA®) designation and is a Certified Public 
      Accountant (CPA). He also serves on WTIM’s Investment Strategy Team 
      (IST).
    
    
      Adrian Cronje has been named chief investment strategist for WTIM. He 
      will continue to direct WTIM’s strategic and tactical asset allocation 
      recommendations while assuming additional responsibilities for 
      overseeing external manager research and investment consulting. Mr. 
      Cronje joined Wilmington Trust in 2005 from Schroder Investment 
      Management in London, where he was director, deputy head of quantitative 
      equity products. He earned a Ph.D. in Macroeconomics and Econometrics 
      and a master’s degree in Economics and Finance from the University of 
      Cambridge. He also holds a bachelor’s degree in Economics from the 
      University of Cape Town. Mr. Cronje is a CFA charter holder and serves 
      on the IST.
    
    
      Rex Macey has been named chief investment officer and will oversee 
      equity and fixed income management and the implementation of investment 
      solutions for clients. Prior to joining Wilmington Trust in 2004, Mr. 
      Macey served as director of research for KPMG Investment Advisors. He 
      holds an MBA from the University of North Carolina and earned a 
      bachelor’s degree in Mathematics from Vanderbilt University. Mr. Macey 
      is a co-founder of the Mobius Group, a leading third-party provider of 
      information on money managers, and currently serves as editor of the 
      Investment Management Consultants Association. He is a CFA charter 
      holder and is a Certified Financial Planner (CFP®). He also serves on 
      the IST.
    
    
      Andy Hopkins has been named director of equity management and will 
      oversee Wilmington Trust’s large-cap and small-cap equity management 
      programs. He is also responsible for active and passive quantitatively 
      managed equity strategies. Mr. Hopkins joined Wilmington Trust in 1987 
      and holds an MBA from Wilmington University and a bachelor’s degree in 
      Finance from Goldey-Beacom College. He is a CFA charter holder and a CPA.
    
    
      Lisa More has been named head of client services for WTIM. In this role, 
      she oversees the consistent delivery of outstanding service to clients 
      and all business development and distribution matters for the full range 
      of WTIM’s investment programs. Ms. More joined Wilmington Trust in 1988 
      and worked in the fixed income group for many years, most recently as 
      director of tax-exempt fixed income research and portfolio management. 
      She holds a bachelor’s degree in Finance and an MBA from the University 
      of Delaware.
    
    
      John Kelley has been named president of Rodney Square Management 
      Corporation, the investment adviser to the Wilmington Funds. He also 
      serves as head of investment operations and will provide financial 
      oversight for WTIM. Mr. Kelley joined Wilmington Trust in 2005 from 1838 
      Investment Advisors, where he specialized in mutual fund and separately 
      managed account operations and administration. He holds an MBA and a 
      bachelor’s degree in Accounting from St. Joseph’s University.
    
    
      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.
    
    
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