Wilmington Trust Promotes Two to Leadership Roles

Rhea-AI Summary

Wilmington Trust (NYSE:MTB) on Oct 9, 2025 promoted Frank Sutton to Chief Fiduciary Officer and Head of Trust Administration and Marguerite Weese to Chief Wealth Strategist. Both promotions are effective immediately and report to Donald DiCarlo as part of an effort to deepen leadership across planning, trust, and wealth strategy under Head of Wilmington Trust Jennifer Warren. Sutton will oversee trust administration, tax, unique assets, and estate settlement teams and focus on integrating trust teams with local markets. Weese will coordinate Wealth Strategists, drive revenue, and promote brand thought leadership.

Positive

• Two senior promotions effective on Oct 9, 2025
• Frank Sutton named Chief Fiduciary Officer and Head of Trust Administration
• Marguerite Weese named Chief Wealth Strategist to coordinate Wealth Strategists
• Both executives report to Donald DiCarlo, strengthening planning and trust leadership

Negative

• None.

Frank Sutton Named Chief Fiduciary Officer; Marguerite Weese Named Chief Wealth Strategist

WILMINGTON, Del., Oct. 9, 2025 /PRNewswire/ -- Wilmington Trust, a leader in wealth management and corporate and institutional trust services, announced the elevation of two of its executives to key new roles in the U.S., as the firm bolsters its leadership team across critical businesses.

In this recent move, Frank Sutton has been named Chief Fiduciary Officer and Marguerite Weese has been named Chief Wealth Strategist.

These new roles come as Wilmington Trust -- a division of M&T Bank Corp. (MTB-NYSE) -- continues to expand and deepen its leadership team and grow its planning and Trust business under Head of Wilmington Trust, Jennifer Warren.

"With the depth of industry knowledge and experience both Frank and Marguerite bring to our team, we have elevated two exceptional leaders," Warren said. "I'm looking forward to working closely with both of them while helping provide our customers and clients with the great level of service and insights they deserve and have come to expect from us."

These two promotions went into effect immediately and both will report to Donald DiCarlo, who leads Wilmington Trust's planning and trust business lines.

Frank Sutton
Frank Sutton was named Chief Fiduciary Officer and Head of Trust Administration and is responsible for trust administration across, and oversight of, the firm's tax, unique assets and estate settlement teams. He is focused on integrating trust teams into local markets and aligning them with planning professionals to drive growth in the trust and estate business.

In his previous role at Wilmington Trust, Sutton oversaw a team of trust officers responsible for delivering personal trust and estate administration services. He also served as Head of New Trust Business Acceptance.

Prior to joining Wilmington Trust, Sutton spent time at JP Morgan, Merrill Lynch Trust Co. and U.S. Trust Co. and was a trusts and estates attorney in New Jersey and New York.

He holds his J.D. from Cornell Law School, an LL.M. in taxation from New York University, and a bachelor's degree from the University of Florida.

Marguerite Weese
Marguerite Weese is the new Chief Wealth Strategist and is responsible for coordinating the firm's Wealth Strategists across the footprint to drive revenue and promote the Wilmington Trust brand through thought leadership.

She previously served as COO of Wilmington Trust Emerald Family Office & Advisory -- guiding clients in the creation and execution of complex financial, estate and succession plans.

She also served as national director of Family Legacy Strategies -- responsible for the development and delivery of strategies for personal wealth planning to high-net-worth individuals and their families.

Prior to joining Wilmington Trust, Weese was an associate in PricewaterhouseCoopers' personal financial services group in their Philadelphia office. She holds a JD and LL.M. in taxation from Villanova University's Charles Widger School of Law and earned bachelor's degrees from the University of Maryland, College Park.

Weese was recognized by the American Bankers Association as a member of the 40 Under 40 in Wealth Management, Class of 2021. She has been teaching estate planning at Philadelphia-area law schools and is currently an adjunct professor at Drexel University's Klein School of Law. She is the Philadelphia Bar Association's Probate and Trust Section's liaison to the Board of Governors and previously sat on the Probate Section's Executive Committee.

About Wilmington Trust
Wilmington Trust, N.A. provides Wealth Advisory services in the Americas with a wide array of personal trust, financial planning, fiduciary, asset management, and family office solutions designed to help high-net-worth individuals and families grow, preserve, and transfer wealth.

The firm also provides Corporate and Institutional Services including institutional trust, agency, and administrative services for clients worldwide who use capital markets financing structures. Wilmington Trust provides direct trust, custody, and fiduciary services for U.S retirement plans, companies, foundations, organizations and financial institutions.

About M&T Bank

M&T is a financial holding company headquartered in Buffalo, NY. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select US markets and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.    

MEDIA CONTACT: Patrick Fitzgibbons, Senior Communications Manager -- Pfitzgibbons@mtb.com

© 2025 M&T Bank and its affiliates and subsidiaries. All rights reserved.

Wilmington Trust is not authorized to and does not provide legal, accounting or tax advice.

Investment and Insurance Products • Are NOT Deposits • Are NOT FDIC-Insured • Are NOT Insured by Any Federal Government Agency • Have NO Bank Guarantee • May Go Down in Value

View original content to download multimedia:https://www.prnewswire.com/news-releases/wilmington-trust-promotes-two-to-leadership-roles-302579900.html

SOURCE Wilmington Trust

FAQ

What changes did Wilmington Trust (MTB) announce on Oct 9, 2025?

Wilmington Trust promoted Frank Sutton to Chief Fiduciary Officer and Marguerite Weese to Chief Wealth Strategist, effective immediately.

Who will Frank Sutton report to after the promotion at Wilmington Trust (MTB)?

Frank Sutton will report to Donald DiCarlo, who leads Wilmington Trust's planning and trust business lines.

What responsibilities does the new Chief Fiduciary Officer at Wilmington Trust (MTB) have?

The Chief Fiduciary Officer will oversee trust administration, tax, unique assets, and estate settlement teams and integrate trust teams with local markets.

How will Marguerite Weese's role as Chief Wealth Strategist impact Wilmington Trust (MTB)?

Weese will coordinate Wealth Strategists across the firm's footprint to drive revenue and promote the Wilmington Trust brand through thought leadership.

When did Wilmington Trust's leadership changes take effect for MTB shareholders?

Both promotions took effect immediately on Oct 9, 2025.