Our Investment Team - Institutional | Wilmington Trust

Investment Management


Our Investment Team

Intelligence backed by 250+ years of experience to power your portfolio and manage risk.
Tony Roth
Chief Investment Officer
 
    

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Tony Roth is Chief Investment Officer for Wilmington Trust Investment Advisors. As head of its Investment Committee, he plays a key role in developing and delivering investment services to wealth, institutional, and brokerage clients. He also provides strategic direction for the firm's asset management investment activities, including asset allocation, manager research, and portfolio construction.

Prior to joining Wilmington Trust in 2014, Tony was Chief Investment Officer for Aquitaine Management and UBS Wealth Management Americas, respectively. Earlier in his career, he was founder and co-head of the Advisory Services Division at Bear, Stearns & Co. Inc., served as director of the Family Wealth Group at Sanford C. Bernstein & Co., and was a tax attorney at Cleary Gottlieb in New York.

Tony earned his law degree from Harvard Law School. He holds a master's degree in French and International Tax Law from Université Panthéon Sorbonne, and graduated magna cum laude from Brown University with a degree in Philosophy.
Economist
Luke Tilley
Chief Economist
 
    

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As the Chief Economist of Wilmington Trust Investment Advisors and member of its Investment Committee, Luke Tilley develops forecasts of the U.S. and international economies, as well as researches emerging issues to support and enhance the firm's investment strategy. Luke is also responsible for communicating the economic outlook and investment strategy to clients and the public.

Prior to joining Wilmington Trust in 2015, Luke was Officer and Economic Advisor with the Federal Reserve Bank of Philadelphia. Earlier in his career, Luke worked as a senior economist at IHS Global Insight and as an economist for the U.S. Department of Housing and Urban Development.

Luke holds a master's degree and a Ph.D. in Economics from Temple University, and a bachelor's degree in Economics and History from James Madison University. He is a former adjunct faculty member at Temple University and formerly served on the board of directors of the Pennsylvania Economic Association. In addition, Luke is President of the Philadelphia Council for Business Economics, a chapter of the National Association for Business Economics.
Institutional
Matt Glaser
Head of Equity Research
    
Brett Hoffacker
Administrative VP and Managing Director, PMSG    
Stephen A. Seivold
Vice President
    

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Matt has more than two decades of experience in the equity and institutional investments industry. He previously worked for Lazard Asset Management as Managing Director and Portfolio Manager of the Lazard Master Alternatives Fund. Earlier in his career, he served as Chief of Investment Strategies and Executive Managing Director at Turner Investments, where he was a member of the Executive Management Group and Enterprise Risk Committee, with oversight responsibility for the Turner Spectrum Fund. Matt also worked at Susquehanna International Group and as a Managing Director at J.P. Morgan and Robertson Stephens.

Matt holds an MBA from Columbia University and a BA in History from Wesleyan University.

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Brett is responsible for managing the Institutional Client Service team for Wilmington Trust, focusing on management of investment strategies and portfolios for corporations, endowments and foundations, and governmental entities.

Brett has three decades of investment management and advisory experience. He joined M&T Bank in 1997, which acquired Wilmington Trust in 2011, and was responsible for managing the Ark International Equity Selection Fund. Earlier in his career, he was a vice president with Dauphin Deposit Bank and Trust Company, where he managed three equity funds as well as institutional and personal high-net-worth portfolios.

Brett holds a bachelor's degree in Finance from The Pennsylvania State University and graduated from the Central Atlantic School of Trust at Bucknell University. He also holds the Accredited Investment Fiduciary™ (AIF®), Certified Financial Planner™ (CFP®), and Certified Retirement Services Professional (CRSP) designations, as well as his FINRA Series 7, 63, and 65 securities licenses.

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Steve is responsible for the management of a variety of institutional portfolios, including pension and profit sharing plans, foundations, and endowment funds for Wilmington Trust Investment Advisors, Inc., the investment advisory arm of M&T Bank and Wilmington Trust.

Steve joined Wilmington Trust in 2007 and has nearly two decades of experience in the financial services industry. Earlier in his career, Steve was an investment advisor for T. Rowe Price in Baltimore and also worked in a variety of management roles for several nonprofit organizations.

Steve holds a bachelor's degree from Ohio Wesleyan University and he is s a registered financial representative holding the FINRA Series 6, 7, 63 and 66 licenses.
Christopher Sporcic
Investment Officer and Institutional Portfolio Manager    



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Christopher is responsible for the management of a variety of institutional portfolios, including pension and profit sharing plans, foundations, and endowment funds.

Christopher joined the organization in 2010 and has over eight years of experience in the financial services industry.

Christopher earned his B.S. degree in Physics with a secondary concentration in Mathematics from Bates College in Lewiston, Maine. He also has an MBA from Duke University, The Fuqua School of Business. Christopher is a registered financial representative holding the FINRA Series 7 and Series 65 licenses and is a CFA Level II candidate.
Fixed Income
Dominick D'Eramo
Head of Fixed Income
 
    
Rob Collins
Head of Municipal Fixed Income
    
Stephen Winterstein
Chief Municipal Fixed Income Strategist
    

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As the head of fixed income for Wilmington Trust Investment Advisors, Dominick D'Eramo directs 30 investment professionals, including portfolio managers, credit analysts, and traders managing taxable and tax-exempt assets. He is responsible for the active management of institutional fixed income client relationships, including pensions and endowments, community banking relationships, schools, hospitals, and state and local governments. Dominick is also a voting member of the Wilmington Trust Investment Advisors (WTIA) Investment Committee, which formulates the firm's asset allocation strategy, manager selection, and portfolio construction processes.

Dominick joined Wilmington Trust in 1986 as a Senior Fixed Income Trader, supervising all trading of securities including money market instruments, Treasuries, agencies, and corporate debt. During his tenure with the firm, he also served as a Senior Fixed Income Investment Officer and most recently as Director of Institutional Fixed Income, where he oversaw all institutional fixed income operations and staff management.

Dominick holds an MBA from Widener University and a bachelor's degree in Business Administration from the University of Delaware. He is a member of the Financial Analysts of Philadelphia and has served as a grader for the Chartered Financial Analyst exam.

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Rob leads the team responsible for municipal fixed income investing at Wilmington Trust Investment Advisors. In this role, he oversees credit analysis on municipal fixed income securities and portfolio management of tax-exempt municipal fixed income portfolios for high-net-worth clients. In addition, Rob is the portfolio manager for the Wilmington Municipal Bond Fund, the Wilmington NY Municipal Bond Fund, and the Wilmington Municipal Bond Common Fund.

From 1982 to 1999, Rob worked at Wilmington Trust as a credit analyst, bond trader, and, eventually, a tax-exempt fixed income portfolio manager and leader of the tax-exempt fixed income group. Rob also managed cash portfolios and assisted with the expansion of Wealth Advisory Services to support clients in California, Florida, and New York.

Rob then worked for five years as a senior vice president at PNC Financial Corp. in Philadelphia, where he started and co-managed the investment group dedicated to managing municipal bond portfolios for high-net-worth clients. He was also at Delaware Investments in Philadelphia for five years where he was a senior portfolio manager of tax-exempt municipal bonds in mutual funds and institutional accounts with approximately $4 billion in assets under management.

Rob holds a bachelor's degree in Economics from Ursinus College in Collegeville, Pennsylvania, and earned the CFA® designation in 1987. He is a member of the CFA Society of Philadelphia and a past grader of the CFA exam. Rob is a former member of the Southern Municipal Finance Society and the National Federation of Municipal Analysts, and a past president of the Financial Analysts of Wilmington, which later merged into the CFA Society of Philadelphia.

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Stephen Winterstein brings almost three decades of municipal fixed income portfolio management experience to his position as Chief Municipal Fixed Income Strategist at Wilmington Trust Investment Advisors. Stephen is responsible for collaborating with senior staff to establish the municipal bond portfolio management and research processes. He also sets strategy for the firm's institutional and individual clients. Most recently before joining Wilmington Trust, he was managing director of municipal fixed income with PNC Capital Advisors, LLC in Philadelphia for over 12 years, where he established and led a team of 15 municipal fixed income professionals dedicated to municipal bond management for high-net-worth individuals and institutional clients.

Stephen is an active member of the National Federation of Municipal Analysts, the Fixed Income Analysts Society, Inc., and the Municipal Analysts Group of New York, and was the chairperson of the 2011 Municipal Bond Buyers Conference. He is also involved with Standard & Poor's in the development and refinement of their family of tax-exempt municipal indexes.

Stephen holds an MBA from Lehigh University and bachelor's degree in Economics from Millersville University. He serves on the advisory board of directors for Lumesis, Inc., a Software-as-a-Service cloud-based financial technology company. In addition, he is a member of the board of directors for the Pennsylvania State System of Higher Education Foundation, Inc., and a former board member of the Millersville University Foundation.
Tom Pierce
Head of Fixed Income Search & Strategy
    
Randy Vogel
Director of Taxable Credit Research, Sr Portfolio Manager    

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Tom Pierce has more than two decades of experience in the investment industry, encompassing multiple asset classes. He is responsible for managing Wilmington Trust Investment Advisors' Manager Strategies Group, which selects managers and vehicles for traditional and alternative investments. In addition, Tom manages a team of portfolio managers that runs both public and private multi-manager funds, as well as a multi-asset portfolio construction team.

Tom is also a co-portfolio manager and the investment architect of M&T Bank's Unified Managed Account "Portfolio Architect" series of managed accounts, which he has managed since the product's inception in 1997. A member of the firm's Investment Committee, Tom also co-manages M&T Bank's defined benefit pension portfolio and is a consultant for M&T's bank-owned life insurance portfolio.

Tom holds a master's degree from the University of Chicago and a bachelor's degree in Economics from Washington University in St. Louis.

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Randy Vogel is responsible for all investment-grade credit research for taxable fixed income at Wilmington Trust Investment Advisors. He oversees the credit review process, which includes a thorough analysis and review of approved issuers. Randy is also responsible for assisting in the management of taxable fixed income portfolios. He provides a thorough analysis of trends in the credit markets and relative value opportunities. His analysis focuses on identifying relative value opportunities that may help to maximize performance and minimize risk across taxable fixed income portfolios.

Randy rejoined Wilmington Trust in 2008 after spending two years with PNC Capital Advisors as a Senior Credit Analyst covering the banking, brokerage, utility, and telecommunication industries. He holds an MBA from Temple University and a bachelor's degree in Business Administration from the University of Delaware. He received his CFA designation in 2000 and is a member of the CFA Society of Philadelphia.
Managing Director
Chris Kreicker
Senior Managing Director
    

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Chris is responsible for developing and implementing customized investment advisory solutions for Wilmington Trust. In this capacity, Chris leads the firm's 75+ investment advisors to ensure the integration of the firm's best thinking with our clients' current portfolios and preferences.

Chris has specialized in the wealth management business for over two decades. He joined Wilmington Trust in 2001 to provide investment advice to some of our largest clients. Since 2006, he has played a leadership role in the management of the firm's investment advisors. He is a member of the firm's Investment Committee which is charged with developing Wilmington Trust's strategic and tactical asset allocation advice. Prior to joining Wilmington Trust, Chris served as Vice President and Portfolio Manager for PNC Advisors.

Chris holds a master's degree from Penn State University and a bachelor's degree in Economics from Valparaiso University. He earned the Chartered Financial AnalystTM designation in 2001 and is a member of the CFA® Society of Philadelphia. He has taught portfolio management at the graduate (MBA) level and frequently speaks on markets and the economy. From 2009-2013, he served as President of and is currently a deacon for Concordia Lutheran Church in Wilmington, DE.




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