Wilmington CEO Meister to Exit $79 Billion Wealth Manager (1)

The chief executive officer of $79 billion wealth manager Wilmington Trust, owned by M&T Bank Corp., is stepping down.

Doris Meister, who has led Wilmington since 2016, will be leaving her role by the end of May. She will remain a consultant with the bank.

Doris Meister

Source: Wilmington Trust

“I had a clear mandate to take a renowned but sleepy brand and make it a well-rounded wealth manager,” Meister said in an interview. “It was a Porsche that the bank bought whose upholstery was ripped out, whose doors didn’t work and the engine didn’t work. It was a huge transformation and ...