Global Loan Agency Services, the UK parent of the global GLAS companies, has appointed two veteran trust professionals to its global trust team.
Martin Reed and Adam Berman, long-time specialists in corporate trust administration and corporate financial services, will help lead GLAS globally as vice-presidents of corporate trust and agency administration for the Americas and its newly established trust services.
This announcement comes after GLAS Trust Company recently received its US regulatory approval, allowing the organisation to further diversify its current product offerings. The new license offers GLAS the opportunity to significantly expand its market share.
Reed is a senior financial professional with over a decade experience in client management in corporate debt products. Prior to joining GLAS, he served as vice president at Wells Fargo where he managed relationships of clients issuing and investing in the corporate debt product, including high yield, investment grade and money market instruments.
Berman joins from Wilmington Trust where he served as vice president and team leader of the European high yield debt team.
“I am eager to help GLAS build its market share in Americas and in a changing marketplace internationally,” Reed says.
Berman adds: “I am confident we will attract many clients with our nimbleness, flexibility and ability to take on more risk at a time when larger institutions are paring down their trust service offerings.”
In their new roles, Reed and Berman will help GLAS Americas expand its regional trust capabilities in the US amid a more widespread increase in global restructuring and insolvency activity. Latin America in particular, is a strategically important region, since GLAS is one of the few firms equipped to provide loan and trustee services there.
Mia Drennan, CEO of GLAS in London, says: “The addition of Martin and Adam to our team puts us in an exceptional position to expand our service offering in the US and beyond. Their combined expertise will further strengthen our corporate trust and loan services specifically in the restructuring space we are extremely pleased to have them aboard. This comes at a very opportune time, as the launch of GLAS Trust represents a pivotal moment for our business in the Americas.”
Dan Fisher, executive vice president and head of the Americas, says: ‘We are thrilled to welcome Martin and Adam to our growing international team. Their combined years of experience will be a major asset for the firm as we look to increase our global corporate trust and loan administration business in a market with tremendous growth potential.”
