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Deals & People June 11, 2009
Russella Tapped for Wilmington Trust Retirement Position
Wilmington Trust has named Charles Russella as president of Wilmington Trust Retirement and Institutional Services Company (WTRIS).
Reported by Fred Schneyer
Russella will be responsible for overseeing all sales, marketing, and service-related activities for WTRIS’s trust services, the company said in a news release. Russella will report to Bill Farrell, executive vice president of Wilmington Trust and head of CCS.
Russella succeeds Gregory W. Tschider, Wilmington Trust said.
Russella and Tschider came to Wilmington Trust last year through the acquisition of AST Capital Trust Company (AST), where Russella had been part of the executive management team since early 2007 (see “Wilmington Trust Expands with Acquisition of AST Capital Trust’).
“Charlie is a terrific leader and an accomplished veteran of the retirement services business,” said Farrell. “He has been a major part of WTRIS’s success and will help us continue to grow the business.”
WTRIS provides trust and custody services for retirement and employee benefit plans, collective fund services, and institutional account services.