A news release said Hughes will lead business strategy and market development with endowments, foundations, and other nonprofit organizations and present the full scope of WAS’s investment, fiduciary, and custody capabilities. Hughes will be based in the Baltimore, Maryland, office of Wilmington Trust FSB.
Hughes joins Wilmington Trust from Camden Partners, LLC, a Baltimore-based private the business development partner responsible for delivering diversified, private equity fund-of-funds portfolios to clients, including endowments, foundations, pension funds, family offices, and high-net-worth individuals, among others. Before his five-year tenure at Camden, Hughes held senior positions over a 19-year period with Deutsche Bank Alex. Brown.
Hughes holds an undergraduate degree and an MBA from the University of North Carolina at Greensboro.
The company said it recently has also hired teams in Wilmington Trust FSB’s New York and Boston offices who specialize in serving endowments and foundations.