Wilmington Trust has hired Scott Linden as product leader for its collateral management business within its global capital markets division.
Linden will oversee collateral management as part of the institutional custody business. He is responsible for administration of the business, as well as product development and growth.
According to Wilmington Trust, Linden will be aiming to prepare the trust for compliance with new regulations coming into force in the next 12 months.
He will also launch an outsourcing product that covers margin functionality across products for clients experiencing significant growth in volumes.
Prior to joining Wilmington Trust, he was director of collateral management consulting at Perficient. Before that, he worked at BNY Mellon as collateral management product manager.
“We are thrilled to add Scott Linden to our team,” said Amy Stengel, managing director of institutional administrative services at Wilmington Trust.
“Scott Linden’s expertise will help position Wilmington Trust to be very competitive in the collateral management space, particularly as the financial markets prepare for the upcoming regulations for derivatives transactions.”
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