Wilmington Trust Elevates Leadership with Key Executive Roles
Wilmington Trust Strengthens Leadership Team
Frank Sutton Appointed Chief Fiduciary Officer; Marguerite Weese Named Chief Wealth Strategist
Wilmington Trust, a prominent firm in the realm of wealth management and corporate trust services, has made some insightful changes to its leadership team. As part of a strategic push to enhance its operations and services, the firm has elevated Frank Sutton and Marguerite Weese to pivotal roles.
Frank Sutton has stepped into the role of Chief Fiduciary Officer. In this key position, he will oversee trust administration, ensuring comprehensive management of various trust-related functions, including tax, unique asset management, and estate settlement. His primary focus is to integrate trust services more deeply into local markets, thereby facilitating growth in the firm’s trust and estate services.
Previously, Sutton was responsible for a team of trust officers at Wilmington Trust, delivering personal trust and estate administration services. His extensive background includes critical prior roles at prestigious firms such as JP Morgan, Merrill Lynch Trust Co., and U.S. Trust Co., contributing significant expertise in managing trusts and estates. Sutton earned his J.D. at Cornell Law School, followed by an LL.M. in taxation from New York University, and holds a bachelor’s degree from the University of Florida.
Marguerite Weese Takes on Chief Wealth Strategist Role
Alongside Sutton, Marguerite Weese has been appointed as the Chief Wealth Strategist. In her new position, she will coordinate the firm’s wealth strategists and push forward the Wilmington Trust brand through innovative thought leadership initiatives aimed at enhancing revenue.
Before this promotion, Weese served as the Chief Operating Officer of Wilmington Trust Emerald Family Office & Advisory, where she guided clients through sophisticated financial, estate, and succession planning processes. Her earlier responsibilities included being the national director of Family Legacy Strategies, where she crafted and implemented wealth planning strategies for high-net-worth families.
Weese’s professional journey began at PricewaterhouseCoopers’ personal financial services group as an associate in their Philadelphia office. She holds a JD and LL.M. in taxation from Villanova University and has bachelor’s degrees from the University of Maryland, College Park. A recognized figure in her field, Weese was honored by the American Bankers Association as a member of the 40 Under 40 in Wealth Management in 2021.
Commitment to Exceptional Client Service
The promotions of Sutton and Weese will strengthen Wilmington Trust’s commitment to delivering exceptional service to its clients. Jennifer Warren, head of Wilmington Trust, expressed her enthusiasm about working closely with these capable leaders to ensure that clients receive the insights and services they expect from the firm.
Both Sutton and Weese will report directly to Donald DiCarlo, who heads Wilmington Trust's planning and trust business lines. These promotions reflect the firm’s strategic focus on enhancing its leadership structure, which is fundamental to its growth and ability to serve its clients effectively.
About Wilmington Trust
Wilmington Trust, N.A. specializes in wealth advisory services across the Americas. The firm offers a comprehensive selection of personal trust, fiduciary, financial planning, and asset management solutions tailored to help high-net-worth individuals and families effectively manage, preserve, and transfer their wealth.
Furthermore, Wilmington Trust provides corporate and institutional services, including institutional trust and administrative services for clients globally utilizing capital markets financing structures. The firm is adept in offering direct trust, custody, and fiduciary services, catering to U.S. retirement plans, corporations, foundations, and financial institutions.
About M&T Bank
M&T Bank operates as a financial holding company headquartered in Buffalo, NY. As its primary banking subsidiary, M&T Bank offers an array of banking services with an extensive branch and ATM network that spans the eastern United States. Known for its trust-related services, M&T Bank, along with its Wilmington Trust affiliates, provides services in select U.S. markets and beyond.
Frequently Asked Questions
What are the new roles at Wilmington Trust?
Frank Sutton has been named Chief Fiduciary Officer, while Marguerite Weese is now the Chief Wealth Strategist.
Who does Frank Sutton report to?
Frank Sutton reports to Donald DiCarlo, who is responsible for Wilmington Trust's planning and trust business lines.
What is the focus of Marguerite Weese's new role?
Marguerite Weese will coordinate wealth strategists and promote Wilmington Trust through thought leadership initiatives.
What are Wilmington Trust's primary services?
Wilmington Trust offers wealth advisory services, personal trust, financial planning, fiduciary, asset management, and family office solutions.
Where is M&T Bank headquartered?
M&T Bank is headquartered in Buffalo, NY, and has a significant branch network throughout the eastern U.S.
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