Wilmington Trust was recognized as the “Global Corporate Trust Services Provider of the Year” by Infrastructure Investor, an industry magazine which covers financing for infrastructure projects around the world.
In 2018, Wilmington Trust’s project finance team worked on nearly 70 deals, ranging in size from $20 million to $1.5 billion, spanning many sectors of the project finance space including conventional power, renewables (wind, solar, hydro), midstream oil and gas, infrastructure, and telecom (data center and cell towers).
“Being recognized by our industry peers is a testament to our quality service and growth within the project finance space,” said Will Marder, project finance product leader for Wilmington Trust’s global capital markets division. “While we have a long history of providing trust and agency services for project finance transactions, our team experienced significant growth in 2018, driven by a renewed focus on emerging client segments and our continuing commitment to the marketplace and serving our clients.”
The award was announced in Infrastructure Investor’s March issue, along with awards in 40 other categories across the project finance industry, and spanning the Americas, Europe, MENA, and Asia-Pacific regions. Winners were selected via an online poll of industry participants conducted during December 2018 and January 2019.
“Receiving this award is a gratifying way to start 2019, and we’re not going to rest on our laurels,” said Doug Lavelle, Wilmington Trust’s project finance sales leader. “We will continue to grow our project finance business in the U.S. and internationally as a truly independent third-party agent and bank, allowing us to serve in a variety of roles across complex multi-tranche transactions.”