WILMINGTON, Del.--(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.