American wealth advisory firm Wilmington Trust has set up its institutional custody office in Jacksonville, Florida, in order to expand its corporate and institutional services in the Southeastern US.
The firm has also hired a team of institutional custody specialists, who will be responsible for offering support to Southeast clients such as corporations, not-for profits, government agencies, insurance companies, and healthcare organisations.
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The team includes Randy Deen as director of institutional custody, Christy Sheppard as senior relationship manager, and Charlotte Kardatzke as relationship manager. All of them will report to managing director of institutional administrative services Amy Stengel.
“We felt it was important to establish new offices in the Southeast to better serve our clients in the region. While we’ve worked with clients and their advisors across the United States for many years from our offices in the Northeast, we feel that having teams on the ground provides a greater level of connectivity in the market,” Stengel said.
Deen will manage the local service team, and manage strategic direction and business development in the Southeast region.
Sheppard will be responsible for oversight and administration of institutional custody client relationships, while Kardatzke will support administration of custody client relationships.
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By GlobalDataWilmington Trust head of global capital markets Jack Beeson said: “At Wilmington Trust, we owe our good reputation in the corporate trust sector to our talented staff. Bringing on Charlotte, Christy, and Randy carries on our tradition of seeking out the best talent in the industry.”
