Patrick J. Donahue Joins Corporate Custody Services Team
Wilmington Trust, a leading provider of institutional trustee, agency,
and administrative services through its Corporate Client Services (CCS)
business, announced that it has hired Patrick J. Donahue, a specialist
in corporate custody administration and escrow arrangements for various
business entities, including Delaware holding companies. He will report
to Margaret Pulgini, vice president and manager of the Institutional
Custody and Escrow Services section of CCS.
Mr. Donahue brings more than 20 years of corporate custody experience to
his position. Prior to joining Wilmington Trust he served nearly 13
years with PNC Bank, Delaware, most recently as vice president and
manager of the bank’s Delaware custody unit in support of Delaware
holding companies. Previously, he was head of the Global Custody Group
with J.P. Morgan Services, Inc. and served as dividend supervisor for
the Philadelphia Depository Trust Company. Mr. Donahue holds an MBA from
Saint Joseph’s University, as well as Bachelor’s degrees in Economics
and English, both from Rutgers University.
“Corporate custody services, including securities processing, are part
of our core offering in CCS, and Patrick is a terrific addition to our
corporate custody team,” said Jack Beeson, senior vice president and
head of CCS’s Corporate Capital Markets group. “His experience and
talent will make him a valuable resource for our corporate custody
clients.”
Wilmington Trust’s CCS business offers institutional trustee, agency,
asset management, retirement plan, and administrative services for
clients worldwide who use capital market financing structures, as well
as those who seek to establish or maintain nexus, or legal residency,
for special purpose entities. Because Wilmington Trust does not
underwrite securities offerings or provide investment banking services,
it is able to deliver corporate trust services that are conflict-free.
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
Media Contact:
Bill Benintende
Public
Relations
302-651-8268
wbenintende@wilmingtontrust.com
