LOS ANGELES — Wilmington Trust hired two new bankers last week to bolster the company's municipal corporate trust team on the West Coast.
Cynthia Cerda, named a public finance relationship manager, and Dominic Do, hired as a trust associate, will work out of the bank's Costa Mesa office.
The bank's corporate trust division is trustee, paying agent and registrar on roughly 5,100 issues representing more than $100 billion in municipal bonds outstanding, according to its website.
"Cynthia and Dominic are great additions to our Municipal Corporate Trust team," John Deleray, Wilmington Trust's director of new business development for the West Coast region, said in a statement. "Cynthia's experience working on numerous types of public finance transactions, and Dominic's corporate trust background will be very helpful as we continue our rapid growth throughout the West Coast."
Wilmington Trust opened its corporate trust office in California in 2011. The bank says it has grown into one of the company's top performing corporate trust offices in the U.S.
Cerda, who will manage municipal bond transactions throughout the West Coast, previously worked at BNY Mellon as a public finance transaction management specialist in the Corporate Trust Department, and before that as a trust administrator for public finance deals at BNY Mellon.
She earned a bachelor's degree in business administration from California State University, Long Beach.
Do will help administer public finance deals. He previously worked at BNY Mellon as a corporate trust administrator.
He received a bachelor's degree in finance, real estate, and law from California State Polytechnic University.