Team Opens New Michigan Office, Extends Capabilities in Corporate
Client Services Business
Wilmington Trust, a leading provider of institutional trustee, agency,
and administrative services through its Corporate Client Services (CCS)
business, announced today that it has hired a team of corporate trust
professionals to enhance its ability to provide trust services for
insurance products.
The team, whose three members join Wilmington Trust from LaSalle Global
Trust Services’ (LaSalle) office in Troy, Michigan, is headed by Bob
Bockrath, who assumes leadership of trust administration for the
insurance products area within CCS’ Capital Markets Group. Mr. Bockrath
was with LaSalle for five years and Comerica Bank for 14 years before
that. He is joined by Bob Donaldson and Melissa Marion, both of whom
worked with Mr. Bockrath at LaSalle and Comerica. The team will
establish a new Wilmington Trust office in Birmingham, Michigan.
With its new team, Wilmington Trust will provide trustee and agency
services such as maintaining custody of insurance policies and
collateral documents, servicing and cash-flow management of
insurance-related loans, and making payments to investors in
insurance-related securitizations, including premium finance deals and
contingent capital transactions. In the insurance arena, Wilmington
Trust already provides services for group insurance trusts, insurance
escrows and statutory deposits, capital surplus notes, Regulation 114
and reinsurance trusts, XXX securitizations, and catastrophe (CAT) bonds.
“With this group now part of our larger CCS team, we can provide an
expanded range of corporate trust services to insurance clients,” said
Bill Farrell, executive vice president of Wilmington Trust and head of
CCS. “Bob and his team will help us meet the needs of a growing base of
clients and continue our momentum in the CCS business.”
CCS is a leading provider of institutional trustee, agency, asset
management, retirement plan services, and administrative services for
clients worldwide who use capital market financing structures, as well
as those who seek to establish and maintain nexus, or legal residency,
for special purpose entities.
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 88 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.
Wilmington Trust Corporation
News
Media
Megen Morris
Public Relations
301-651-1462
mmorris@wilmingtontrust.com
or
Investors
and Analysts
Ellen J. Roberts
Investor Relations
302-651-8069
eroberts@wilmingtontrust.com
