Wilmington Belief, M&T Financial institution’s wealth administration division, has named Lisa Roberts as its new head of wealth administration.
Roberts has been with the agency since 2023 and beforehand was a senior government vice chairman and M&T’s head of U.S. markets. She succeeds Doris Meister, who led the wealth division for eight years earlier than stepping down in Could. (She stays a marketing consultant with the corporate.)
Moreover, Roberts will be a part of M&T Financial institution’s enterprise management group, which helps set the general path of the father or mother firm’s enterprise. Roberts stated Wilmington’s wealth division was in an “exceptionally robust place” to develop its enterprise primarily based on its “high-touch shopper experiences” and workers.
Wilmington Belief wealth advisors work with high- and ultra-high-net-worth people, households, entrepreneurs, enterprise homeowners, foundations and endowments, providing belief, wealth planning, asset administration, personal banking and household workplace companies.
The agency additionally supplies funding administration companies and works with company and institutional shoppers. It has workplaces nationwide and in London, Dublin and Frankfurt. Wilmington Belief property totaled $79 billion as of earlier this 12 months.
Roberts first joined the trade with Wells Fargo Non-public Financial institution in 2000, with further stints at Financial institution of America, Citi Non-public Financial institution and Freestone Capital Administration earlier than becoming a member of Union Financial institution in 2016. She stayed at Union Financial institution for seven years, changing into the top of group banking and personal wealth administration earlier than becoming a member of Wilmington Belief final 12 months.
The Wilmington wealth unit started as a household workplace of kinds for the DuPont household earlier than being acquired in 2011 by M&T Financial institution, which was trying to increase its wealth enterprise on the time.
The agency ultimately grew to about $190 billion in property earlier than shrinking with the 2023 sale of its Collective Funding Belief final 12 months to the personal fairness agency Madison Dearborn Companions.
