WSFS Financial Corporation Expands into Collateralized Loan Obligations Market, Adds New Team Members
28 September 2023 - 12:25AM
Business Wire
WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the
Company”) today announced its Global Capital Markets team’s
expansion into the Collateralized Loan Obligations (CLO) market. To
support this expansion, the Company is adding new team members with
expertise in CLOs.
"We are excited to expand into the CLO market and welcome our
new Associates as we broaden our services and capabilities with
competitive products for our Clients," said Patrick Healy, Senior
Vice President, WSFS Global Capital Markets. "This is a growing and
dynamic market with a lot of potential as we continue to grow our
Wealth business and generate fee income for WSFS on a national
scale.”
WSFS Global Capital Markets is a premium provider of global
services to the leveraged loan and capital markets, with
capitalization in excess of $1 billion. Utilizing a commercial
approach and highly experienced staff, WSFS Global Capital Markets’
services include loan agency services, project finance
administration, investment grade and high yield debt offerings,
special purpose entity services, default and bankruptcy services,
and more.
Joining the WSFS Global Capital Markets team are Samuel Fatoki,
Relationship Manager, and Anita Patel, CLO Analyst.
About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial
services company. Its primary subsidiary, WSFS Bank, is the oldest
and largest locally-headquartered bank and trust company in the
Greater Philadelphia and Delaware region. As of June 30, 2023, WSFS
Financial Corporation had $20.4 billion in assets on its balance
sheet and $67.9 billion in assets under management and
administration. WSFS operates from 114 offices, 88 of which are
banking offices, located in Pennsylvania (59), Delaware (39), New
Jersey (14), Virginia (1) and Nevada (1) and provides comprehensive
financial services including commercial banking, consumer banking,
treasury management and trust and wealth management. Other
subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr
Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust
Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill®
Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®,
and WSFS Wealth® Investments. Serving the Greater Delaware Valley
since 1832, WSFS Bank is one of the ten oldest banks in the United
States continuously operating under the same name. For more
information, please visit www.wsfsbank.com.
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Investor Relations Contact: Andrew Basile (302) 504-9857
abasile@wsfsbank.com Media Contact: Eric Springer (215)
864-1778 espringer@wsfsbank.com
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