Wilmington Trust Promotes Leaders in Investment Management Organization
03 December 2008 - 5:41AM
Business Wire
Wilmington Trust, one of the nation�s leading wealth management
companies, has promoted several leaders at Wilmington Trust
Investment Management (WTIM), the investment arm of its asset
management business. The promotions reflect an updated
organizational structure designed to enhance WTIM�s services to
clients, said Robert M. Balentine, chairman and CEO of WTIM. �Over
the past several years we have assembled an exceptional team whose
sole focus is on delivering our best thinking to all of our
clients� portfolios,� said Mr. Balentine. �WTIM�s new
organizational structure strengthens our demonstrated ability to
have all areas of our investment management group � research, asset
allocation, security and manager selection, client services, and
administration � work together in our efforts to help preserve and
grow our clients� wealth.� Among those who have received a
promotion is Sam Fraundorf, who has been named chief operating
officer at WTIM. Mr. Fraundorf will work directly with Mr.
Balentine to oversee all aspects of WTIM�s business, including
strategy and planning, and will have executive responsibility for
the Wilmington Funds, Wilmington Trust�s mutual fund business. Mr.
Fraundorf joined Wilmington Trust in 2004 from KPMG Investment
Advisors, where he served as director of alternative assets. In
2007 he was named director of research for WTIM. Mr. Fraundorf
earned a master�s degree in Finance from Georgia State University
and bachelor�s degrees in Finance and Accounting from the
University of Idaho. He holds the Chartered Financial Analyst
(CFA�) designation and is a Certified Public Accountant (CPA). He
also serves on WTIM�s Investment Strategy Team (IST). Adrian Cronje
has been named chief investment strategist for WTIM. He will
continue to direct WTIM�s strategic and tactical asset allocation
recommendations while assuming additional responsibilities for
overseeing external manager research and investment consulting. Mr.
Cronje joined Wilmington Trust in 2005 from Schroder Investment
Management in London, where he was director, deputy head of
quantitative equity products. He earned a Ph.D. in Macroeconomics
and Econometrics and a master�s degree in Economics and Finance
from the University of Cambridge. He also holds a bachelor�s degree
in Economics from the University of Cape Town. Mr. Cronje is a CFA
charter holder and serves on the IST. Rex Macey has been named
chief investment officer and will oversee equity and fixed income
management and the implementation of investment solutions for
clients. Prior to joining Wilmington Trust in 2004, Mr. Macey
served as director of research for KPMG Investment Advisors. He
holds an MBA from the University of North Carolina and earned a
bachelor�s degree in Mathematics from Vanderbilt University. Mr.
Macey is a co-founder of the Mobius Group, a leading third-party
provider of information on money managers, and currently serves as
editor of the Investment Management Consultants Association. He is
a CFA charter holder and is a Certified Financial Planner (CFP�).
He also serves on the IST. Andy Hopkins has been named director of
equity management and will oversee Wilmington Trust�s large-cap and
small-cap equity management programs. He is also responsible for
active and passive quantitatively managed equity strategies. Mr.
Hopkins joined Wilmington Trust in 1987 and holds an MBA from
Wilmington University and a bachelor�s degree in Finance from
Goldey-Beacom College. He is a CFA charter holder and a CPA. Lisa
More has been named head of client services for WTIM. In this role,
she oversees the consistent delivery of outstanding service to
clients and all business development and distribution matters for
the full range of WTIM�s investment programs. Ms. More joined
Wilmington Trust in 1988 and worked in the fixed income group for
many years, most recently as director of tax-exempt fixed income
research and portfolio management. She holds a bachelor�s degree in
Finance and an MBA from the University of Delaware. John Kelley has
been named president of Rodney Square Management Corporation, the
investment adviser to the Wilmington Funds. He also serves as head
of investment operations and will provide financial oversight for
WTIM. Mr. Kelley joined Wilmington Trust in 2005 from 1838
Investment Advisors, where he specialized in mutual fund and
separately managed account operations and administration. He holds
an MBA and a bachelor�s degree in Accounting from St. Joseph�s
University. Wilmington Trust Corporation (NYSE:WL) is a financial
services holding company that provides Regional Banking services
throughout the mid-Atlantic region, Wealth Advisory Services for
high-net-worth clients in 36 countries, and Corporate Client
Services for institutional clients in 86 countries. Its wholly
owned bank subsidiary, Wilmington Trust Company, which was founded
in 1903, is one of the largest personal trust providers in the
United States and the leading retail and commercial bank in
Delaware. Wilmington Trust Corporation and its affiliates have
offices in Arizona, California, Connecticut, Delaware, Florida,
Georgia, Maryland, Massachusetts, Minnesota, Nevada, New Jersey,
New York, Pennsylvania, South Carolina, Vermont, the Cayman
Islands, the Channel Islands, London, Dublin, Frankfurt,
Luxembourg, and Amsterdam. CFA� and Chartered Financial Analyst�
are trademarks owned by CFA Institute. CFP� and Certified Financial
Planner� are trademarks of Certified Financial Planner Board of
Standards.
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