The firm has appointed a new president of US markets for wealth advisory and president of private banking.

Wilmington Trust, a wholly-owned subsidiary of M&T Bank Corporation, has appointed William Buccella as president of US markets for wealth advisory, and Ann Silverman as president of private banking.

Previously, Buccella served as president of private banking, and Silverman as group manager for private banking, it said in a statement.

As president of US markets, Buccella is responsible for the strategic direction and growth of Wilmington Trust’s high net worth wealth management business across the country. Buccella has 30 years of experience in financial services, including banking and wealth management roles. He came to Wilmington Trust in 2017 from Northern Trust Company, where he was president of private wealth management for the New England region. Buccella is based in Wilmington Trust’s Boston office.

As president of Private Banking, Silverman will oversee the delivery of private banking services and products to clients, including high net worth families and business owners throughout the US. Silverman joined M&T Bank in 2004 as a commercial lender in Washington, DC. During her tenure with M&T, which acquired Wilmington Trust in 2011, she participated in the bank’s international programme team leader in the international corporate banking group in Dublin, Ireland. She is based in Wilmington Trust’s New York office.

“With their deep experience and expertise combined with their strong commitment to client service, Ann and Bill will lead their teams to new heights as they help our clients meet their needs, leverage opportunities and achieve their goals,” said Doris Meister, executive vice president of wealth management at Wilmington Trust.

Wilmington Trust’s wealth advisory operation offers personal trust, financial planning, fiduciary, asset management, private banking and family office services. Wilmington Trust has clients in all 50 states and in more than 90 countries, with offices throughout the US and internationally in London, Dublin, and Frankfurt.

Last week, this publication reported that Wilmington Trust had hired Tracy Nickl as national head of client development and engagement for wealth advisory.