Wilmington Trust Announces Executive Leadership Promotions
Wealth manager Wilmington Trust has promoted two of its executives to new roles in the U.S.
In this recent move, Frank Sutton has been named chief fiduciary officer and Marguerite Weese has been named chief wealth strategist.
“With the depth of industry knowledge and experience both Frank and Marguerite bring to our team, we have elevated two exceptional leaders,” Head of Wilmington Trust Jennifer Warren said. “I’m looking forward to working closely with both of them while helping provide our customers and clients with the great level of service and insights they deserve and have come to expect from us.”
These two promotions went into effect immediately and both will report to Donald DiCarlo, who leads Wilmington Trust’s planning and trust business lines.
Along with his title as chief fiduciary officer, Sutton is also head of Trust Administration. He is responsible for trust administration across, and oversight of, the firm’s tax, unique assets and estate settlement teams. He is focused on integrating trust teams into local markets and aligning them with planning professionals to drive growth in the trust and estate business.
In his previous role at Wilmington Trust, Sutton oversaw a team of trust officers responsible for delivering personal trust and estate administration services. He also served as head of New Trust Business Acceptance.
Prior to joining Wilmington Trust, Sutton spent time at JP Morgan, Merrill Lynch Trust Co. and U.S. Trust Co. and was a trusts and estates attorney in New Jersey and New York.
He holds his J.D. from Cornell Law School, an LL.M. in taxation from New York University, and a bachelor’s degree from the University of Florida.
In her role as chief wealth strategist, Weese is responsible for coordinating the firm’s Wealth Strategists across the footprint to drive revenue and promote the Wilmington Trust brand through thought leadership.
She previously served as COO of Wilmington Trust Emerald Family Office & Advisory. She also served as national director of Family Legacy Strategies, where she was responsible for the development and delivery of strategies for personal wealth planning to high-net-worth individuals and their families.
Prior to joining Wilmington Trust, Weese was an associate in PricewaterhouseCoopers’ personal financial services group in their Philadelphia office. She holds a JD and LL.M. in taxation from Villanova University’s Charles Widger School of Law and earned bachelor’s degrees from the University of Maryland, College Park.
Weese was recognized by the American Bankers Association as a member of the 40 Under 40 in Wealth Management, Class of 2021. She has been teaching estate planning at Philadelphia-area law schools and is currently an adjunct professor at Drexel University’s Klein School of Law. She is the Philadelphia Bar Association’s Probate and Trust Section’s liaison to the Board of Governors and previously sat on the Probate Section’s Executive Committee.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
