Wilmington Trust, a leading provider of institutional trustee, agency, administrative, and investment management services through its Corporate Client Services (CCS) business, announced the addition of Nicholas Adams to the business’s Client Development team.
Mr. Adams brings more than 12 years of financial experience with state and local governments. Most recently, he served as deputy state treasurer for the State of Delaware, where he was responsible for the direct management and oversight of day-to-day operations of the State Treasurer’s Office. This included an annual operating budget of nearly $400 million, defined benefit plans in excess of $500 million, and an investment portfolio of nearly $2 billion.
“Nick’s presence on our team deepens our commitment to serving the financial needs of municipalities, foundations and endowments, and other institutional clients in Delaware,” said Jack Beeson
, senior vice president of Corporate Capital Markets Services for CCS. “His extensive experience and broad knowledge of the state and local communities will be tremendous assets to our clients.”
In his new role at Wilmington Trust, Mr. Adams is responsible for presenting CCS’s full range of fiduciary, agency services, and asset management services to corporations, municipalities, and financial institutions throughout the mid-Atlantic. He is based in the headquarters office in Wilmington.
“Our goal is to be among the most preferred financial services provider for state and local governments,” said Christopher Monigle, Manager, Client Development for CCS. “Nick’s insights and experience will help make sure that our offerings directly meet the needs of these clients.”
Mr. Adams, who holds a bachelor’s degree from Wilmington University, is a member of the Delaware State Chamber’s Young Executives Committee and serves as a volunteer with both Big Brothers/Big Sisters of Delaware and the Delaware Money School.
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. CCS is distinguished from many of its competitors by its status as a core business, the experience and expertise of its global staff, its independence by virtue of not having lending or securities underwriting conflicts, its multi-jurisdictional presence, and its reputation for superior service and execution.