The new hires are Christopher T. Casey, Michael F. Hoyt, and Jay Beckett Wailes. All three work in the Boston office of Wilmington Trust FSB and specialize in serving high-net-worth individuals and families, as well as endowments and foundations, with asset allocation, investment strategy implementation, security selection, and client reporting.
They join Wilmington Trust from Boston Private Bank & Trust Company.
“Chris, Mike, and Jay bring many years of experience to our Boston-based team in their work to support high-net-worth families, endowments, and foundations,” said Roger W. Hobby, president of Wilmington Trust FSB’s Northeast region. “Each one will be a terrific asset to our clients and a reflection of our commitment to grow our Wealth Advisory Services business in Boston and throughout New England and the Northeast.”
Casey, a Chartered Financial Analyst (CFA) charterholder, will serve as an investment advisor. He worked at Boston Private for 11 years, most recently as senior vice president, portfolio manager, and director of equity research. His work involved the formulation of macroeconomic strategy and management of equity research and trading professionals. He also served as the head of the growth-and-income equity strategy team.
Hoyt has 23 years of experience in financial services and joins Wilmington Trust as a portfolio manager. He was with Boston Private for the last eight years, most recently as a senior vice president and senior portfolio manager. He was a member of the firm’s Investment Policy Committee and headed the growth-and-value equity strategy team. Prior to Boston Private, Hoyt was a senior investment officer and portfolio manager at Cape Cod Bank & Trust Company; he also worked at PaineWebber and BayBank.
Wailes, also a CFA charterholder, joins the firm as a portfolio manager with 32 years of investment management experience supporting high-net-worth clients and institutions. For the last seven years, he was with Boston Private, where he served as a senior vice president and senior portfolio manager. In addition, he headed the tactical growth equity strategy team. Prior to Boston Private, Wailes worked in Boston at Beacon Asset Management, State Street Bank and Trust, and Bank of New England. He began his career at Mercantile Safe Deposit and Trust Company in Baltimore.
Wilmington Trust’s Wealth Advisory Services maintains 20 offices in key high-net-worth markets throughout the United States.