Wilmington Trust expanded its loan agency services business, hiring Medita Vucic as head of U.S. Agency Loan Services and Antony Girling as senior relationship manager in London.
Vucic reports to Tim Mowdy, the firm’s Capital Markets Agency Services leader in the U.S., while, Girling reports to Elaine Lockhart, European Product leader for Loan Agency Services.
This move is consistent with M&T’s plan to build on its fee business in a consistent, measured manner. Given the size of the current global loan market – $2 trillion in outstanding leveraged loans, of which $1.3 trillion is held by institutional lenders – the new senior hires allow Wilmington Trust to fulfill its strategic vision to support increasing client demand with its deep loan agency expertise across various asset classes and industries.
“Welcoming Medita and Antony is an essential step to support continued growth in our Loan Agency Services business and to reinforce our status as the agent of choice in this market,” said Jack Beeson, head of Global Capital Markets, Wilmington Trust. “We fully anticipate the loan market to continue growing, and as such, we are enthusiastic about the expertise that Medita and Antony bring. We are committed to continue hiring top talent to support the business.”
Based in Chicago, Vucic is a seasoned professional in financial services and corporate trust with more than 18 years of experience. She was most recently with The Bank of New York Mellon, where she worked with several corporate trust products and held various leadership positions. There, she led the U.S. Investment Managers Relationship Management team focused on all corporate trust products required by asset managers issuing debt in the Capital Markets.
Based in London, Girling was most recently with Barclays where he was head of Debt Product Services. He has 18 years of experience managing facility and security agent roles and has worked on project finance, real estate, leveraged and investment grade syndicated loans throughout the Middle East and Europe.
Wilmington Trust is a provider of services to the loan market, including independent loan agency services, for some of the largest and most complex restructurings in the U.S. and Europe. Taking a non-lender role, the firm acts as a neutral, impartial agent on new originations and successor appointments.