Wilmington Trust has made a senior hire from Lazard to oversee its equity, alternatives and institutional investment teams.

Wilmington Trust has recruited Matthew Glaser as head of equity and non-traditional investments.

The firm previously had a chief equity officer, it said, the responsibilities of which have been rolled into this new role.

Glaser will oversee the equity team and institutional investment group, as well as the manager search group for equities and alternative investments.

On top of his primary role, Glaser has been appointed as a voting member of the investment committee. He will be based in Wilmington Trust’s headquarters in Wilmington, DE.

Before joining the firm, he was a managing director and portfolio manager at Lazard Asset Management. Previously, he was chief of investment strategies and executive managing director at Turner Investments; head of institutional research sales at Susquehanna International Group; and a managing director at JP Morgan.

Wilmington Trust manages around $72 billion, as of March 31, 2016.