Family Office

Wilmington Trust names new chief economist

FWR Staff March 15, 2006

Wilmington Trust names new chief economist

Wealth-manager promotes Atlanta-based portfolio strategist. Dorsey Farr has replaced Robert Christian as Wilmington Trust’s chief economist. Christian has retired after about 10 years with Wilmington. In assuming the chief economist’s responsibilities Farr will continue in his role as the Wilmington, Del.-based trust company’s director of asset allocation and portfolio strategy.

“Dorsey is an accomplished economist with outstanding credentials and analytical skills,” says Robert Balentine, head of Wilmington’s investment-management unit. “His insights about the financial markets and his asset allocation decisions have helped our high-net-worth clients navigate challenging investment waters over the last several years.”

Farr joined Atlanta-based Balentine & Company as senior economist in 2000 after completing a doctorate in economics. In 2002, Wilmington acquired Balentine & Company. Wilmington subsequently established headquarters for its investment-management business in Atlanta under Balentine, and added several senior professionals to its investment team there. Wilmington’s wealth-advisory business offers financial and estate planning, fiduciary, investment-management, private banking and family-office services.

Wilmington Trust had about $40 billion in assets under management at the end of 2005. Besides its headquarters in Delaware, the trust company and its affiliates have offices in California, Florida, Georgia, Maryland, Nevada, New York, Pennsylvania, South Carolina and Vermont. Overseas it has offices in London, Dublin, the Cayman Islands and the Channel Islands. –FWR

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