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Wilmington Trust adds to wealth management team in Boston


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 Christopher T. Casey, Michael F. Hoyt, and Jay Beckett Wailes.

All three work in the Boston office of Wilmington Trust FSB and specialise in serving high-net-worth individuals and families, as well as endowments and foundations, with asset allocation, investment strategy implementation, security selection, and client reporting.

They join Wilmington Trust from Boston Private Bank & Trust Company.

“Chris, Mike, and Jay bring many years of experience to our Boston-based team in their work to support high-net-worth families, endowments, and foundations,” says Roger W. Hobby, president of Wilmington Trust FSB’s Northeast region. “Each one will be a terrific asset to our clients and a reflection of our commitment to grow our wealth advisory services business in Boston and throughout New England and the Northeast.”

Casey will serve as an investment adviser. He worked at Boston Private for 11 years, most recently as senior vice president, portfolio manager, and director of equity research. He also served as the head of the growth and income equity strategy team.

Hoyt has 23 years of experience in financial services and joins Wilmington Trust as a portfolio manager. He was with Boston Private for the last eight years, most recently as a senior vice president and senior portfolio manager. He was a member of the firm’s investment policy committee and headed the growth and value equity strategy team.

Wailes joins Wilmington Trust as a portfolio manager with 32 years of investment management experience supporting high-net-worth clients and institutions. For the last seven years, he was with Boston Private, where he served as a senior vice president and senior portfolio manager. In addition, he headed the tactical growth equity strategy team.

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