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Wilmington Trust opens institutional custody office in Jacksonville, Florida

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Wilmington Trust has opened an institutional custody office in Jacksonville, Florida, as part of an expansion of corporate and institutional services in the south-eastern US.

A team of institutional custody specialists has been hired to provide support to clients in the south-east including corporations, not-for profits, government agencies, insurance companies and healthcare organisations.
 
The trio of new hires includes Randy Deen as director of Institutional Custody, Christy Sheppard as senior relationship manager, and Charlotte Kardatzke as relationship manager. The team will be temporarily based in an office located at 4651 Salisbury Rd, Suite 400 in Jacksonville, during the search for a permanent location. The team will report to Amy Stengel, managing director of institutional administrative services.
 
The expansion is part of an ongoing initiative to increase access to corporate and institutional products and services for clients across the US by Wilmington Trust. In addition to the Jacksonville office, the company also recently opened a corporate trust office in Birmingham, Alabama. Both offices are part of the company’s global capital markets division, which provides numerous corporate trust services including entity management, structured finance, agency, investment management, and custody and administrative services.
 
“We felt it was important to establish new offices in the south-east to better serve our clients in the region,” says Stengel. “While we’ve worked with clients and their advisors across the US 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.”
 
“We’re excited about the new opportunities for serving our clients in the southern states,” says Jack Beeson, head of global capital markets. “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.”

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