Wilmington Trust has promoted Adrian Cronje to chief investment strategist. He joined the firm in 2005 from Schroder Investment Management in London, where he was director, deputy head of quantitative equity products.
Sam Fraundorf has also been promoted, from director of research to chief operating officer. He has been with the firm since 2004, when he left his position as director of alternative assets at KPMG Investment Advisors.
Rex Macey is now chief investment officer, in charge of equity and fixed income management. Prior to joining Wilmington Trust in 2004, Macey worked with Fraundorf at KPMG Investment Advisors as director of research.
Further, Andy Hopkins, a 21-year veteran of Wilmington Trust, is now director of equity management, in charge of actively managed large-cap and small-cap funds, as well as quantitative equity strategies.
Lisa More has been named head of client services. Having joined Wilmington Trust in 1988, More has spent most of her time in fixed income, most recently as director of tax-exempt fixed income research.
John Kelley has been named president of Rodney Square Management Corp., the investment advisor to Wilmington Funds. He will also serve as head of investment operations and finance for Wilmington Trust Investment Management. He has been with the firm since 2005, when he left his position as account operations and administrations director of mutual funds and separately managed accounts at 1838 Investment Advisors.
Commenting on the promotions, Wilmington Trust Chairman and CEO Robert M. Balentine said: Over the past several years, we have assembled an exceptional team whose sole focus is on delivering our best thinking to all of our clients portfolios. [Our] new organizational structure strengthens our demonstrated ability to have all areas of our investment management group work together to help preserve and grow our clients wealth.