Russella Tapped for Wilmington Trust Retirement Position

Wilmington Trust has named Charles Russella as president of Wilmington Trust Retirement and Institutional Services Company (WTRIS).

Russella will be responsible for overseeing all sales, marketing, and service-related activities for WTRIS’s trust services, the company said in a news release. Russella will report to Bill Farrell, executive vice president of Wilmington Trust and head of CCS.

Russella succeeds Gregory W. Tschider, Wilmington Trust said.

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Russella and Tschider came to Wilmington Trust last year through the acquisition of AST Capital Trust Company (AST), where Russella had been part of the executive management team since early 2007 (see “Wilmington Trust Expands with Acquisition of AST Capital Trust).

“Charlie is a terrific leader and an accomplished veteran of the retirement services business,” said Farrell. “He has been a major part of WTRIS’s success and will help us continue to grow the business.”

WTRIS provides trust and custody services for retirement and employee benefit plans, collective fund services, and institutional account services.

McVey Back at Morgan Stanley for MSIM

Morgan Stanley announced today that Henry McVey, who previously worked at Morgan Stanley for more than a decade, is returning to the firm.

A news release said McVey, who is returning as head of Global Macro and Asset Allocation for Morgan Stanley Investment Management (MSIM), will have portfolio management responsibilities and oversight of MSIM’s Global Macro and Asset Allocation investment team. He will also serve as MSIM’s strategist, with responsibility for articulating his market outlook and strategy to clients, the announcement said.

McVey, who most recently was a portfolio manager at Fortress Investment Group, was Mogan Stanley’s chief U.S. Investment Strategist from 2004 to 2007 and a member of the firm’s Asset Allocation Committee.

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The announcement said McVey will start his new role effective late June, reporting to Stu Bohart, co-head of MSIM.


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