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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.

Media Contact

Alisa Bal
Senior Marketing Director
Contact via email

Experienced team offers corporate trust services, including securities custody services, levered loan facility administration and loan administration CLO Trustee Services to follow in 2023

December 23, 2022

PHOENIX– Western Alliance Trust Company, N.A., today announced that it has begun providing corporate trust services to clients nationwide, delivered by a dedicated team of industry veterans with decades of big-bank securities custody, collateralized loan obligation (CLO) and leveraged loan administration expertise. The company is an affiliate of Western Alliance Bank, one of the country’s top-performing banking companies.

“Western Alliance Trust Company clients will receive high-touch customer service from industry experts, backed by a state-of-the-art technology solution that delivers a best-in-class experience,” said Alex Tsarnas, CEO of Western Alliance Trust Company. “With decades of experience in syndicated loans and credit markets at leading trust banks, our trust team will move quickly and respond to specific transaction requirements to tailor responsive solutions to each client’s needs and goals.”

The Trust Company currently offers levered loan facility administration, loan administration and securities custody products. It anticipates providing collateralized loan obligation (CLO) trustee services by mid-2023.

The company’s significant investment in technology incorporates leading solutions to meet clients’ needs and goals. The company plans to invest in and develop additional technology solutions to enhance its investor portals and prepare for its CLO service offering in 2023.

Experienced Leadership Team

In addition to Tsarnas, the Trust Company is led by two highly experienced industry professionals:

• Jocelyn Lynch, senior director: Lynch, who oversees all aspects of the Trust Company business, is a seasoned banking executive who has worked in senior-level capacities across multiple business lines. She has a significant background and expertise in the levered loan and custodial markets and services. Previously, she spent seven years at Wells Fargo Corporate Trust in a business development role covering the CLO market and 19 years at BNY Mellon in various corporate trust and custody capacities and roles. She is based in Pennsylvania.
• Tammy Bliek, senior vice president: Bliek previously spent 22 years in the structured products industry for JPMorgan Chase and Wells Fargo Bank. Based in Houston, her responsibilities have ranged from business development activities to leading client service teams and loan administration teams. She has several years of experience working with products such as collateralized loan obligations (CLOs), leveraged financing transactions and separately managed accounts (SMAs). She has worked with leading investment banks, collateral managers and various market participants in the CLO market during her career.

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.

Media Contact

Alisa Bal
Senior Marketing Director
Contact via email