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Atlantic Trust Receives Delaware Trust Charter

Eliane Chavagnon

16 April 2015

Atlantic Trust, the US private wealth management division of CIBC, has received a Delaware limited purpose trust charter, enabling the firm to offer trust services beyond what is already provided by its national trust company.

Leading the Delaware trust team is Dee Schedler, managing director and head of Atlantic Trust’s Wilmington office, and Gabrielle Bailey, a wealth strategist and director of Delaware trust services.

“Although our status as a nationally chartered trust might have been sufficient, we decided that the more prudent way to go was to also obtain a Delaware trust charter,” said Jack Markwalter, chairman and chief executive of Atlantic Trust. “Other states have attractive trust laws, but Delaware has always been considered a preferred jurisdiction for trust and estate attorneys because of its trust law flexibility and significant body of case law and excellent Chancery Court.”

Schedler has 28 years of industry experience and joined the firm in 2004. Bailey has more than 15 years of industry experience and joined Atlantic Trust in 2003.

Reema Antonelli also recently joined the Wilmington team as a senior client service manager.