Wilmington Trust Names President in Retirement Services Business

Wilmington Trust announced today that it has named Charles Russella as president of Wilmington Trust Retirement and Institutional Services Company (WTRIS), which is part of Wilmington Trust’s Corporate Client Services (CCS) business.

In his new role, Mr. Russella will be responsible for overseeing all sales, marketing, and service-related activities for WTRIS’s comprehensive trust solutions. WTRIS provides trust and custody services for retirement and employee benefit plans, collective fund services, and institutional account services. Mr. Russella will report to Bill Farrell, executive vice president of Wilmington Trust and head of CCS. Mr. Russella succeeds Gregory W. Tschider, who has decided to leave the company to pursue new opportunities. Mr. Russella and Mr. Tschider came to Wilmington Trust last year through the acquisition of AST Capital Trust Company (AST), where Mr. Russella had been part of the executive management team since early 2007. Mr. Tschider will remain with Wilmington Trust through June 26.

"Charlie is a terrific leader and an accomplished veteran of the retirement services business,” said Mr. Farrell. "He has been a major part of WTRIS’s success and will help us continue to grow the business. At the same time, we thank Greg for guiding us through the process of integrating AST with Wilmington Trust and wish him well in his future endeavors.”

Mr. Russella brings more than 20 years of experience in corporate trust and retirement services to his position. Most recently he served as senior vice president and sales manager overseeing all sales and marketing activities for WTRIS. Prior to joining Wilmington Trust, Mr. Russella provided strategic leadership to a retirement benefit and investment consulting firm and served for 14 years in the retirement services business of U.S. Bank. He holds the Chartered Financial Analyst® (CFA) designation from the CFA Institute and received an MBA from the University of Detroit and a bachelor’s degree from Oakland University.

Wilmington Trust has provided trust and custody services for retirement plans for more than 60 years. Through its 2008 acquisitions of AST and UBS Fiduciary Trust Company, Wilmington Trust now acts as custodian for more than 4,000 retirement and employee benefit plans with more than $47 billion in assets. WTRIS is one of the leading providers of trust and accounting solutions serving clients with "unbundled” plans who use different providers for record keeping, asset management, and trust services.

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 88 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, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam.

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