Wilmington Trust Adds Corporate Trust Professional

Wilmington Trust, whose Corporate Client Services (CCS) business is a leading provider of institutional trustee, agency, and administrative services worldwide, announced that it has hired corporate trust professional Mike Rodriguez to help support its growing global corporate trust business.

Mr. Rodriguez is a client development officer and is based in New York. He will focus on developing business in the international capital markets and domestically in the U.S. insurance industry. Mr. Rodriguez comes to Wilmington Trust from a leading provider of corporate trust services, where he served clients in United States, Latin America, and Canada as a business development officer and vice president for the global corporate trust business. Earlier in his career, he worked for several years in J.P. Morgan Chase & Co.’s Worldwide Securities Services division, where he specialized as a product manager for cross-border corporate trust services in Latin America.

“To a large degree, the successful growth of our business globally has been the result of hiring talented corporate trust professionals who deliver superior service and execution,” said Don MacKelcan, senior vice president and head of Client Development for CCS. “Mike is the latest example of this type of person, someone who brings many years of valuable experience and a strong relationship management commitment to serving our clients.”

Wilmington Trust’s CCS business provides diversified trustee and administrative services for capital markets transactions, special purpose entities, and retirement plans, as well as institutional investment management services. CCS recently recorded its fifth consecutive quarter of record sales activity and contributed 24% of Wilmington Trust’s total revenue in 2009.1 The largest portion of CCS’ 2009 revenue contribution came from global corporate trust services, which includes distressed debt services, loan administration, and bankruptcy services, among others. In corporate bankruptcies, CCS often serves as trustee for a company’s unsecured creditors, a role which involves no lending or investment banking conflicts of interest and no balance sheet exposure. Wilmington Trust currently serves on the unsecured creditors’ committees in many high-profile bankruptcy cases, including those of General Motors Corporation and Lehman Brothers Holdings, Inc, for whom Wilmington Trust also serves as committee chair. CCS serves clients in 89 countries and operates in several preferred jurisdictions in for corporate business in the United States, Europe, and the Caribbean.

About Wilmington Trust

Wilmington Trust Corporation (NYSE: WL) is a financial services holding company that provides Regional Banking services throughout the mid-Atlantic region, Wealth Advisory services for high-net-worth clients in 36 countries, and Corporate Client services for institutional clients in 89 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware. Wilmington Trust Corporation and its affiliates have offices in Arizona, California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam.

1. Excludes affiliate money managers and provision for loan losses

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