Wilmington Trust, a US wealth management company, has added three senior wealth advisers to its wealth advisory services business in the Northeast region.
Wilmington Trust’s new hires are Walter J. Dillingham Jr., managing director and business development officer; John M. Lawson, managing director and investment adviser; and Leigh H. Weiss, managing director and investment adviser.
All three work in the New York office of Wilmington Trust FSB and specialise in serving the endowments and foundations market.
They come to Wilmington Trust from Bank of America Merrill Lynch in New York.
"Walter, John, and Leigh bring many years of experience to our team, particularly in their work to support endowments and foundations," says Roger W. Hobby, president of Wilmington Trust FSB’s Northeast region. "Although they will work out of our New York office, each of them will serve as a national resource for our firm as we continue to expand our efforts in the important endowment-and-foundation market segment."
Dillingham has 27 years of financial services industry experience. Most recently, he was director of philanthropic management for Bank of America Merrill Lynch, where he provided asset management services to endowments, foundations, and healthcare organisations throughout New York, New Jersey, and Pennsylvania. Dillingham held a similar role at Bank of America predecessor Fleet Bank, which he joined in 2000.
Lawson has more than 18 years of experience working with institutional asset management clients. Most recently, as a senior institutional portfolio strategist at Bank of America Merrill Lynch, he provided asset allocation, strategic policy development, portfolio construction, and tactical implementation advice for institutional clients in customised investment programmes.
Weiss brings more than 31 years of financial services and investment management experience to Wilmington Trust. At Bank of America Merrill Lynch, he was a managing director and senior institutional portfolio strategist. In this role, he developed and implemented investment guidelines, asset allocation strategies, and customised investment portfolios for endowments, foundations, retirement plans, and trusts.