Lisa Roberts has been hired as the new head of wealth management at Wilmington Trust, effective immediately.
Roberts’ new role will include creating the strategic direction for all of Wilmington Trust’s Wealth operations, as well as overseeing the firm’s aim to deliver complete wealth management advice to its clients.
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Wilmington Trust’s Wealth business, which is part of parent company M&T Bank Corporation, collaborates primarily with high- and ultra-high-net-worth individuals, households, entrepreneurs, business owners, foundations, and endowments, as well as their advisers.
Along with her new duties, Roberts will be joining the Enterprise Leadership Team (ELT) at M&T Bank, which determines the general course of the bank’s operations.
Additionally, she will also collaborate closely with other divisions and their executives across the bank to ensure that the Wealth Management division is in line with M&T’s broader business objectives.
Roberts, who has been with the company since May 2023, resides in New York City and was formerly the Wealth division’s Head of U.S. Markets. She takes over for Doris Meister, who led wealth for the past eight years until departing Wilmington Trust earlier this year.
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By GlobalDataMoreover, Roberts has spent more than 30 years in banking and asset management. She formerly worked at Union Bank, where she was the head of both Community Banking and Private Wealth Management. As well as this, Roberts has previously held executive positions with Citi Private Bank, Bank of America, and Wells Fargo Private Bank.
Roberts stated: “I’m very excited about this opportunity to lead our Wealth business. We have a tremendous reputation built by our high-touch client experiences and our excellent team. We are in an exceptionally strong position to grow this business.”
M&T vice chairman Kevin Pearson added: “With the depth of industry knowledge and experience she brings to this position, Lisa is exactly the right leader for this business. I’m looking forward to working closely with her and our entire Wealth leadership team on growing our business and continuing to provide our customers and clients with unparalleled experiences and service.”
