Winterstein Joins Wilmington Trust as Head Municipal Strategist

Wilmington Trust, one of the leading wealth management companies headquartered in the U.S., announced today that it has hired Stephen P. Winterstein as managing director and head of strategy in the Municipal Fixed Income Group of the company’s Wealth Advisory Services (WAS) business.

Mr. Winterstein is the latest addition to the company’s Municipal Fixed Income Group, led by Robert F. Collins, CFA®, who re-joined the firm in September 2010 as director of tax-exempt fixed income management and senior portfolio manager. Mr. Collins worked for 17 years in fixed-income management, beginning in 1982, including several as head of the tax-exempt division of the Fixed Income Group helping to build Wilmington Trust’s tax-exempt bond investment policy and management practices.

Additional recent hires include municipal market veterans Ted Molin, as senior credit analyst from Ambac Assurance Corporation in New York, and Rebecca Rogers who joined from PNC Capital Advisors, LLC to manage tax-exempt municipal bond portfolios for Wilmington Trust’s high-net-worth clients.

“We continue our commitment to growing and investing in our wealth advisory business,” said Mark A. Graham, executive vice president of Wilmington Trust and head of the company’s Wealth Advisory Services business. “The experience, leadership, and talent that these professionals bring to our team will be major assets to our clients.”

Mr. Winterstein brings more than 25 years of municipal fixed income portfolio management experience to his position with Wilmington Trust. Most recently he was managing director of municipal fixed income with PNC Capital Advisors, LLC in Philadelphia, for more than 12 years, where he founded and led a team of 15 municipal fixed income professionals dedicated to municipal bond management for high-net-worth individuals and institutional clients.

Mr. Winterstein holds an MBA from Lehigh University and an undergraduate degree from Millersville University. He is an active member of the National Federation of Municipal Analysts, the Fixed Income Analysts Society, Inc., and the Municipal Analysts Group of New York, and is the chairperson of the 2011 Municipal Bond Buyers Conference. Mr. Winterstein is involved with a Standard & Poor’s municipal index roundtable in the development of their family of tax-exempt municipal indexes. In addition, he currently serves as a member of the Board of Directors for the Pennsylvania State System of Higher Education Foundation, Inc., and is a former board member of the Millersville University Foundation.

“Our clients rely on us for rigorous research of credits and proper security selection within their tax-exempt portfolios, and Stephen, Becky, and Ted’s work will help us fulfill those missions,” said Mr. Collins. “We’re thrilled to have added their valuable talents to our experienced team.”

Wilmington Trust manages more than $43.6 billion in assets1 for high-net-worth and institutional investors. The Municipal Fixed Income Group is comprised of 9 investment professionals. The company’s WAS business offers a comprehensive array of personal trust, wealth planning, fiduciary, asset management, and family office services that help clients grow, preserve, and transfer wealth. It maintains 20 offices in many key high-net-worth markets throughout the United States.

Wilmington Trust Corporation (NYSE: WL) is a financial services holding company that provides Regional Banking services throughout the mid-Atlantic region, Wealth Advisory services to high-net-worth clients in 33 countries, and Corporate Client services to institutional clients in 90 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, Michigan, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam. For more information, visit www.wilmingtontrust.com.

1 As of December 31, 2010