Wilmington Trust has appointed a new head of trust administration of its advisor solutions group in Wilmington, DE.

Wilmington Trust has appointed a new head of trust administration of its advisor solutions group in Wilmington, DE.

Also taking up the mantle of managing director, Timothy Powers will set the fiduciary strategic direction of the advisor solutions group, with a focus on best practice and industry regulations.

Powers brings to the firm a history of regulatory experience, moving most recently from Morgan Stanley where he served as chief fiduciary officer. In this role he led a team of 50 trust professionals in areas such as tax and special assets; he also was the lead bank representative to the OCC.

Prior to this Powers was a senior trust officer at UBS Trust Company and chief trust officer at Citi Trust.

“Tim’s expertise will help ensure we are approaching our administrative duties in the most efficient and effective manner with the right level of risk oversight,” said John Hurley, group manager of Wilmington Trust’s advisor solutions group.