People Moves
Wilmington Creates New Endowment, Foundations Role

Wilmington
Trust has recruited F Mackey Hughes as managing director of
endowments and
foundations for its Wealth Advisory Services business, a new
post. Hughes, who
is based in Baltimore, will lead business strategy and market
development with
endowments, foundations, and other nonprofits.
He
joins Wilmington from Camden Partners, a Baltimore-based private
equity firm in
which Wilmington Trust owns a minority stake, where he was a
business
development partner.
While
historically Wilmington Trust has served endowments and
foundations, Hughes' hire
is the latest step in a strategy to provide these institutions
with access to
additional investment and fiduciary resources, the firm said.
Before
his five-year tenure at Camden, Hughes held senior positions over
a 19-year
period with Deutsche Bank Alex. Brown, including head of sales
management and
business development, managing director of sales in the Baltimore
and Los
Angeles offices, and managing director of the real estate group.