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Wilmington Trust Hires For Retirement Business
Vanessa Doctor
19 October 2010
Wilmington Trust has hired Karen Bonn as client development
officer for its Retirement and Institutional Services unit, part of the firm's
corporate client services business. Bonn joins from GreatBanc Trust Company, where she was
senior vice president. Prior to that, she was with BDO Seidman and Grant
Thornton. In her new role, Bonn will lead the RIS business development
initiatives with companies offering employee stock ownership plans as part of
their retirement programs. As of 30 June 2010, the company reports $78.2
billion in assets under administration. Wilmington Trust's corporate client services arm offers retirement
plan, institutional trustee, agency, asset management, and administrative
services for corporate clients worldwide, many of which use capital market
financing structures or seek to establish or maintain legal residency for
special purpose entities. Separately, R Keith Elliott, a board member at Wilmington
Trust Corporation, has resigned due to medical reasons. His resignation took
effect on 15 October.