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Wilmington Trust, M&T Bank’s wealth management division, has expanded its Boston team with six new hires.

The new hires work in the firm’s family wealth, private banking, and wealth planning divisions, Wilmington Trust said in a statement last week, adding that they increase the number of client-facing professionals working with high-net-worth and ultra-high-net-worth clients in Boston and throughout the firm.

“Throughout the past months, we have seen growing demand and enthusiasm for these critical wealth services from clients in Boston and across the region,” Dave D’Amico, Wilmington Trust’s market leader supporting Massachusetts, said in the statement. “Our new colleagues bring more than 125 years of combined experience in wealth management to the table, and we’re excited to have them. As we look to the future, we expect a year of strong growth, including plans to continue to hire additional advisors.”

Wilmington Trust began expanding in October 2020 with a client-centric operating model across its wealth management divisions, the firm said. The new hires include senior wealth advisers, a private banker, senior investment advisers and a director of wealth strategies. They will focus on the providing wealth management services to high-net-worth individuals and families, entrepreneurs, business owners, and foundations and endowments, the firm said.

The six Boston-based new hires are:

  • Robert Goodall, senior private banker, who was most recently an institutional private client relationship manager for TD Private Client Group.
  • Terry Mullany, senior wealth adviser, who most recently worked as managing director at US Trust/Bank of America Private Bank for five years.
  • Morgan Mohrman, senior wealth investment adviser, who was previously a senior investment advisor for TD Wealth Private Client Group in the Boston office.
  • Tyler Calder, wealth adviser, who previously worked a senior relationship manager for TD Private Client Wealth in the Boston office.
  • Dave Malone, senior wealth investment adviser, who most recently worked as the director of investments at Ascensus in Newton.
  • Kerry Reeves, director of wealth strategies, who most recently worked as an attorney in the Wealth Management Group of Choate, Hall & Stewart LLP in Boston.

M&T Bank plans to enter the Massachusetts retail market as well by acquiring Connecticut-based People’s United Bank. That deal is awaiting federal regulatory approval.

M&T’s Wilmington Trust Expands in Boston

by Banker & Tradesman time to read: 1 min
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