Wilmington Trust Names President in Retirement Services Business

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Wed Jun 10, 2009 8:58am EDT

Charles Russella to head unit in Corporate Client Services
WILMINGTON, Del.--(Business Wire)--
Wilmington Trust announced today that it has named Charles Russella as president
of Wilmington Trust Retirement and Institutional Services Company (WTRIS), which
is part of Wilmington Trust`s Corporate Client Services (CCS) business. 

In his new role, Mr. Russella will be responsible for overseeing all sales,
marketing, and service-related activities for WTRIS`s comprehensive trust
solutions. WTRIS provides trust and custody services for retirement and employee
benefit plans, collective fund services, and institutional account services. Mr.
Russella will report to Bill Farrell, executive vice president of Wilmington
Trust and head of CCS. Mr. Russella succeeds Gregory W. Tschider, who has
decided to leave the company to pursue new opportunities. Mr. Russella and Mr.
Tschider came to Wilmington Trust last year through the acquisition of AST
Capital Trust Company (AST), where Mr. Russella had been part of the executive
management team since early 2007. Mr. Tschider will remain with Wilmington Trust
through June 26. 

"Charlie is a terrific leader and an accomplished veteran of the retirement
services business," said Mr. Farrell. "He has been a major part of WTRIS`s
success and will help us continue to grow the business. At the same time, we
thank Greg for guiding us through the process of integrating AST with Wilmington
Trust and wish him well in his future endeavors." 

Mr. Russella brings more than 20 years of experience in corporate trust and
retirement services to his position. Most recently he served as senior vice
president and sales manager overseeing all sales and marketing activities for
WTRIS. Prior to joining Wilmington Trust, Mr. Russella provided strategic
leadership to a retirement benefit and investment consulting firm and served for
14 years in the retirement services business of U.S. Bank. He holds the
Chartered Financial Analyst (CFA) designation from the CFA Institute and
received an MBA from the University of Detroit and a bachelor`s degree from
Oakland University. 

Wilmington Trust has provided trust and custody services for retirement plans
for more than 60 years. Through its 2008 acquisitions of AST and UBS Fiduciary
Trust Company, Wilmington Trust now acts as custodian for more than 4,000
retirement and employee benefit plans with more than $47 billion in assets.
WTRIS is one of the leading providers of trust and accounting solutions serving
clients with "unbundled" plans who use different providers for record keeping,
asset management, and trust services. 

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 88 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. 

Chartered Financial Analyst and CFA  are trademarks owned by the CFA Institute.



Wilmington Trust Corporation
News Media
Bill Benintende
Public Relations
302-651-8268
wbenintende@wilmingtontrust.com
or
Investors and Analysts
Ellen J. Roberts
Investor Relations
302-651-8069
eroberts@wilmingtontrust.com



Copyright Business Wire 2009

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