WILMINGTON, Del., Dec 08, 2016 (BUSINESS WIRE) —
Delaware
Trust Company (Delaware Trust), a wholly owned subsidiary of Corporation
Service Company® (CSC®), on December 6, 2016 finalized its
acquisition of the corporate trust business of Law Debenture Trust
Company of New York, and welcomed Thomas Musarra to the Delaware Trust
Client Services Team. This acquisition was previously announced
in August.
The acquisition of this book of business is the latest step in Delaware
Trust’s expansion of corporate trust, fund, and capital markets services.
“The acquisition of Law Debenture’s corporate trust group strengthens
our position as the leading independent provider of trust and capital
market services,” says Bill Popeo, president and chief executive
officer, Delaware Trust. “We’re also pleased to welcome Thomas Musarra
to the Delaware Trust leadership team. He has spent his entire career in
the corporate trust space, and brings a wealth of expertise in
asset-backed securities and complex structuring issues. Together, we’re
excited to offer our clients, including those newly acquired, an
exceptional level of service, professionalism, and independence.”
This acquisition builds upon Delaware Trust’s recent expansion of
services to better meet the unique needs of the market, providing
closed-end real estate and private equity fund administration,
structured finance services, administrative loan agency, restructuring
and bankruptcy services, escrows, and reinsurance trust services.
Delaware Trust is not affiliated with any lending institution or
investment bank. Its specialized team of attorneys, financial
professionals, and trust experts pride themselves on providing superior
client service, timely and accurate processing, and flexible solutions
for clients.
About Delaware Trust
Delaware Trust Company provides a full suite of corporate trust
and agency, independent director, fund administration, structured
finance, and special purpose entity management services to corporations,
law firms, financial institutions, institutional investors, and private
equity firms. Delaware Trust is not affiliated with any lending
institution or investment bank. It is licensed as a trust company in the
state of Delaware and is regulated by Delaware’s Office of the State
Bank Commissioner. To learn more about Delaware Trust Company, visit www.delawaretrust.com.
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SOURCE: Delaware Trust Company
Delaware Trust Company
Laura Crozier
Public
Relations Manager
302-636-5401 x65526
laura.crozier@cscglobal.com
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