Company Announcements

Three industry veterans bring more than five decades of CLO experience to UMB

KANSAS CITY, Mo.--(BUSINESS WIRE)--Sep. 16, 2024-- UMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), today announces the expansion of its CLO Trustee and Loan Administration team with the hire of Henry Brigham, Willis Hwang and David Knecht.

They join a seasoned team led by Senior Vice Presidents Alex Cormas and Vincent Pham, bringing with them a wealth of expertise that will significantly enhance UMB’s capabilities in the CLO market. They will report to Pham, who is head of CLO Administration.

• Brigham, team manager, leads senior relationship management for the CLO group. Most recently he was with Wilmington Trust as vice president, CLO, Borrowing Base and Loan Administration Services.
• Hwang, relationship manager, supports senior relationship management. His most recent role was vice president – senior relationship manager, CLO Trustee at Wilmington Trust.
• Knecht, team manager, leads CLO business solutions and intelligence. Prior to taking on this role, he was with Wilmington Trust as senior vice president in the CLO Transaction Servicing Team.

“We are thrilled to welcome Henry, Willis and Dave to our team,” said Pham. “With the expansion of our CLO Administration platform, the extensive experience and proven track records they bring are perfectly timed. We are excited to have them on board as we deliver our expanded service offering to the market, meeting the growing demands of both current and future clients.”

The new hires are part of UMB’s strategic initiative to further strengthen its position and customer offerings in the CLO market. The CLO business, which is part of UMB’s Corporate Trust and Agency Services group, provides trustee and collateral administration services for investment managers holding portfolios of loans in CLOs and other structures, including business development companies, borrowing base facilities, private funds and registered funds.

“We are continuing to see a clear and growing desire from investment managers for additional support in this area from their trustees,” said Mark Flannagan, executive director of Specialty Trust and Agency Solutions at UMB.“This trio brings outstanding experience and further cements our commitment to providing clients with the highest level of expertise and service.”

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Missouri. UMB offers commercial banking, which includes comprehensive deposit, lending and investment services, personal banking, which includes wealth management and financial planning services, and institutional banking, which includes asset servicing, corporate trust solutions, investment banking, and healthcare services. UMB operates branches throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas. As the company’s reach continues to grow, it also serves business clients nationwide and institutional clients in several countries. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.

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Kaele Palmer: 202.276.2471

Source: UMB Financial Corporation