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Deals & People June 30, 2011
Wilmington Trust Hires Business Development Manager
Wilmington Trust has announced that Patrick M. Trainor was named senior vice president and business development department
manager for the company’s Global Capital Markets Services group.
Reported by Sara Kelly
Trainor is based in Wilmington, Delaware, and reports to Bill Farrell, executive vice president and head of the company’s Corporate Client Services (CCS) business. He joins the company with more than thirty years of financial services experience, most recently serving as senior vice president and national sales manager of Wells Fargo Bank’s corporate trust division. He earned his bachelor’s degree from Loyola College.
Wilmington Trust’s CCS business offers institutional trustee, agency, asset management, retirement plan, and administrative services for clients worldwide who use capital markets financing structures, as well as those who seek to establish or maintain nexus, or legal residency, for special purpose entities. In recent years, Wilmington Trust has made an effort to grow its CCS business through several key hires and by introducing new products and services, strengthening existing operations, and expanding core domestic capabilities into Europe.
“Economic pressure, uncertainty around financial regulation, and industry consolidation continue to present significant opportunities for the CCS business,” said Farrell. “Our strategy to hire industry experts has positioned the CCS business well to take advantage of market conditions, and Pat’s strategic leadership and industry expertise will be essential as we continue to grow.”