Growing corporate trust, securities custody and loan administration firm strengthens governance with addition of experienced leaders
January 24, 2023
PHOENIX– Western Alliance Trust Company, N.A., today announced the addition of two new members to its Board of Directors. The two new Board members, effective immediately, are Joseph Giordano and Troy L. Kilpatrick.
"The appointments of Joe and Troy are a meaningful step to enhance the strong governance of Western Alliance Trust Company," said Alex Tsarnas, CEO of Western Alliance Trust Company. "These new members complement the existing board with their skillsets developed in the corporate trust and collateralized loan obligation (CLO) businesses at large financial institutions, which will contribute to the Company's strength at this important stage in its growth."
About New Board Members
Joseph Giordano: Mr. Giordano is a former president of U.S. Bank Corporate Trust & Custody Services, where he managed a revenue stream of more than $1 billion and significantly enhanced the organization's product offerings, client experience, sales and web technology services. He has more than 40 years' experience leading financial services businesses for premier global institutions. Mr. Giordano previously held senior management positions at JPMorgan Chase, Fidelity and Bankers Trust.
Troy L. Kilpatrick: With over 35 years of experience in global financial services, Mr. Kilpatrick is a founding member of Kilpatrick Advisory Services LLC and a former executive vice president and head of Corporate Trust Services and Shareowner Services at Wells Fargo Bank. He held additional responsibility as CEO of Wells Fargo Trust Company, N.A. (f/k/a Wells Fargo Bank Northwest, N.A.) and as the International Responsible Officer for U.S. Regulatory Matters. Prior to Wells Fargo, he served as president of The Bank of New York Mellon Trust Company, N.A., U.S. Corporate Trust executive and Operating Committee member.
Western Alliance Trust Company, which launched earlier this year, provides corporate trust services to clients nationwide. Its dedicated team of industry veterans offers levered loan facility administration, loan administration and securities custody products. It anticipates providing CLO trustee services by mid-2023.
About Western Alliance Trust Company
Western Alliance Trust Company, N.A., a wholly owned subsidiary of Western Alliance Bancorporation, is a premier provider delivering corporate trust services and levered loan administration solutions to help customers achieve their asset management strategies. Clients benefit from the team’s deep expertise in leveraged loan facility administration and loan administration, a state-of-the-art digital platform and outstanding, personalized attention. Products and services offered by Western Alliance Trust Company are NOT FDIC insured, NOT bank guaranteed and MAY lose value.
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