Empresas y finanzas

Wilmington Trust Expands Reach in Europe with Acquisition of Amaco (Luxembourg) S.A.



    Wilmington Trust Corporation (NYSE:WL), a leading provider of
    specialised trust, agency, and administrative services to corporations
    worldwide, announced today the latest expansion of its Corporate
    Client Services (CCS) business in Europe with the acquisition of Amaco
    (Luxembourg) S.A., a Luxembourg-based supplier of entity management
    services. The organisation will be known as Wilmington Trust SP
    Services (Luxembourg) S.A.

    The acquisition of the Luxembourg business of Amaco Management
    Services, a corporate trust provider based in the Netherlands, extends
    Wilmington Trust's capabilities for corporate clients and gives it a
    physical presence in another major European financial centre.
    Wilmington Trust's other European offices are in London, England;
    Dublin, Ireland; and Frankfurt, Germany. The acquisition follows
    several strategic investments Wilmington Trust made in CCS in 2006,
    including the opening of the Frankfurt office, the expansion of its
    business in the Cayman Islands through an acquisition, and the
    creation of Wilmington Trust Conduit Services, LLC to serve the
    collateral administration and reporting needs of collateralized debt
    obligations (CDOs), the fastest-growing area of the structured finance
    industry.

    "Luxembourg's central location in Europe and its favourable legal
    and tax environments have long made it an attractive jurisdiction for
    corporate business," said Wilmington Trust chairman and CEO Ted T.
    Cecala. "Over the past several years, Europe has been an increasingly
    significant source of CCS revenue.

    "This acquisition builds on that momentum and reflects our
    strategy to invest in businesses with excellent growth potential."

    Beyond serving as a preferred international jurisdiction for
    entity management services, Luxembourg is also an attractive location
    for other specialised services that CCS provides to corporate clients
    such as investment managers, captive insurance companies, and many
    structured finance products, including CDOs. As a result, Wilmington
    Trust's presence in Luxembourg is expected to benefit the CCS business
    as a whole.

    Amaco's entity management services in Luxembourg consist of
    management, domiciliation, accounting, and director services for
    international holding and finance companies. As independent service
    providers, both Amaco (Luxembourg) S.A. and Wilmington Trust's CCS
    group are free from potential business conflicts that can arise when
    providers also offer investment banking and lending services to their
    corporate clients.

    "Beyond extending our capabilities in Europe, this acquisition
    reinforces our competitive advantage of being an independent,
    conflict-free service provider," said Christophe Schroeder, managing
    director and head of Wilmington Trust's CCS business in Europe. "This
    business approach is highly valued by corporate clients and makes for
    a strong cultural fit between our respective organisations."

    Amaco (Luxembourg) S.A. employs eight staff members, all of whom
    will be retained by Wilmington Trust. Terms of this acquisition were
    not disclosed. Its associated revenue and expenses will be
    consolidated into Wilmington Trust's financial statements. It is
    anticipated that the acquisition will have a neutral effect on
    Wilmington Trust's earnings in 2007.

    Wilmington Trust's CCS business provides specialised trust,
    administrative, and investment management services for national and
    multinational institutions. Its entity management services help
    clients maintain "nexus," or legal residency, in jurisdictions around
    the globe that offer favourable legal and tax environments. Its
    capital markets services are integral to many complex financing
    structures, including asset-backed securitisations. CCS's retirement
    plan services provide trustee and custodial services for pension
    plans, 401(k) plans, and other corporate plans.

    Wilmington Trust Corporation (NYSE:WL) is a financial services
    holding company that provides Regional Banking services throughout the
    Delaware Valley region, Wealth Advisory Services for high-net-worth
    clients in 36 countries, and Corporate Client Services for
    institutional clients in 86 countries. Its wholly owned bank
    subsidiary, Wilmington Trust Company, which was founded in 1903, is
    one of the largest personal trust providers in the United States and
    the leading retail and commercial bank in Delaware. Wilmington Trust
    Corporation and its affiliates have offices in California,
    Connecticut, Delaware, Florida, Georgia, Maryland, Nevada, New Jersey,
    New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands,
    the Channel Islands, London, Dublin, Frankfurt, and Luxembourg. For
    more information, visit www.wilmingtontrust.com.