UMB Expands Collateralized Loan Obligation (CLO) Division
16 Septiembre 2024 - 9:00AM
Business Wire
Three industry veterans bring more than five
decades of CLO experience to UMB
UMB Bank, n.a., a subsidiary of UMB Financial Corporation
(Nasdaq: UMBF), today announces the expansion of its CLO Trustee
and Loan Administration team with the hire of Henry Brigham, Willis
Hwang and David Knecht.
They join a seasoned team led by Senior Vice Presidents Alex
Cormas and Vincent Pham, bringing with them a wealth of expertise
that will significantly enhance UMB’s capabilities in the CLO
market. They will report to Pham, who is head of CLO
Administration.
- Brigham, team manager, leads senior relationship
management for the CLO group. Most recently he was with Wilmington
Trust as vice president, CLO, Borrowing Base and Loan
Administration Services.
- Hwang, relationship manager, supports senior
relationship management. His most recent role was vice president –
senior relationship manager, CLO Trustee at Wilmington Trust.
- Knecht, team manager, leads CLO business solutions and
intelligence. Prior to taking on this role, he was with Wilmington
Trust as senior vice president in the CLO Transaction Servicing
Team.
“We are thrilled to welcome Henry, Willis and Dave to our team,”
said Pham. “With the expansion of our CLO Administration platform,
the extensive experience and proven track records they bring are
perfectly timed. We are excited to have them on board as we deliver
our expanded service offering to the market, meeting the growing
demands of both current and future clients.”
The new hires are part of UMB’s strategic initiative to further
strengthen its position and customer offerings in the CLO market.
The CLO business, which is part of UMB’s Corporate Trust and Agency
Services group, provides trustee and collateral administration
services for investment managers holding portfolios of loans in
CLOs and other structures, including business development
companies, borrowing base facilities, private funds and registered
funds.
“We are continuing to see a clear and growing desire from
investment managers for additional support in this area from their
trustees,” said Mark Flannagan, executive director of Specialty
Trust and Agency Solutions at UMB. “This trio brings outstanding
experience and further cements our commitment to providing clients
with the highest level of expertise and service.”
About UMB:
UMB Financial Corporation (Nasdaq: UMBF) is a financial services
company headquartered in Kansas City, Missouri. UMB offers
commercial banking, which includes comprehensive deposit, lending
and investment services, personal banking, which includes wealth
management and financial planning services, and institutional
banking, which includes asset servicing, corporate trust solutions,
investment banking, and healthcare services. UMB operates branches
throughout Missouri, Illinois, Colorado, Kansas, Oklahoma,
Nebraska, Arizona and Texas. As the company’s reach continues to
grow, it also serves business clients nationwide and institutional
clients in several countries. For more information, visit UMB.com,
UMB Blog, UMB Facebook and UMB LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240916722475/en/
Kaele Palmer: 202.276.2471
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