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Wilmington Trust Increases Focus on Serving Endowments and Foundations
Mackey Hughes Managing Director of Endowments and Foundations for the Wealth Advisory Services
Mackey Hughes
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Mackey Hughes

Managing Director of Endowments and Foundations for the Wealth Advisory Services
Wilmington Trust, one of the nation’s leading wealth management companies, announced that F. Mackey Hughes has joined the firm as managing director of endowments and foundations for the Wealth Advisory Services (WAS) business. In this newly created role, Mr. Hughes will lead business strategy and market development with endowments, foundations, and other nonprofit organizations and present the full scope of WAS’s investment, fiduciary, and custody capabilities. Mr. Hughes will be based in the Baltimore, Maryland office of Wilmington Trust FSB.
 
“Effectively managing an endowment or foundation in the 21st century requires deep investment expertise and extensive fiduciary and custody experience,” said Mark A. Graham, executive vice president and head of WAS. “In Mackey, we have added a well-respected veteran whose skills, experience, and consultative approach will help our clients meet their broad responsibilities.”
 
Wilmington Trust has served endowments and foundations historically, but the hiring of Mr. Hughes is the latest step in a WAS business strategy dedicated to providing these institutions with access to additional investment and fiduciary resources. Other recent moves in this area involved the hiring of teams in Wilmington Trust FSB’s New York and Boston offices who specialize in serving endowments and foundations.
 
Mr. Hughes joins Wilmington Trust from Camden Partners, LLC, a Baltimore-based private equity firm in which Wilmington Trust owns a minority stake. There, Mr. Hughes was the business development partner responsible for delivering diversified, private equity fund-of-funds portfolios to clients, who included endowments, foundations, pension funds, family offices, and high-net-worth individuals, among others. Before his five-year tenure at Camden, Mr. Hughes held senior positions over a 19-year period with Deutsche Bank Alex. Brown. These positions included head of sales management and business development, managing director of sales in the Baltimore and Los Angeles offices, and managing director of the real estate group. Mr. Hughes holds an undergraduate degree and an MBA from the University of North Carolina at Greensboro.
 
“With its long history of investment management, fiduciary, and custody expertise, Wilmington Trust is exceedingly well positioned to serve endowments, foundations, pension funds, and other nonprofit organizations,” Mr. Hughes said. “We fully understand the responsibilities these clients have and the complex regulatory environments they face, and we are prepared to go beyond the investment discussion and help with issues related to governance and custody as well as philanthropy and fundraising. We believe this helps distinguish us from other service providers.”
 

 

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