Corporate Trust


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Corporate Trust

The function of servicing and maintaining records for debt securities issued by a corporation.

Corporate Trust

A trust that a corporation creates to secure a bond or other debt security. That is, a corporate trust is effectively money set aside to ensure that bondholders are covered in the event of default on the issue.
References in periodicals archive ?
In the new role, Burgess will provide strategic direction for Regions Corporate Trust, with a focus on business development, client service and retention.
Henson has 30 years of broad experience in corporate trust and escrow and custody services.
BNY Mellon Corporate Trust as of March 31, 2014 worked as trustee and/or paying agent on above 65,000 debt-related issues globally.
For more than 60 years, UMB Corporate Trust & Escrow Services has been a leading provider of escrow agent services as well as trustee and agency services for taxable and tax-exempt debt (both publicly-sold and privately-placed) in the municipal and corporate marketplace.
The firm has named Julz Burgess as head of its Corporate Trust Group.
As of March 31, 2014, BNY Mellon Corporate Trust served as trustee and/or paying agent on more than 65,000 debt-related issues globally.
To a large degree, the successful growth of our business globally has been the result of hiring talented corporate trust professionals who deliver superior service and execution," said Don MacKelcan, senior vice president and head of Client Development for CCS.
Clients previously associated with RCB corporate trust business are being transitioned to UMB's Corporate Trust and Escrow Services office in Oklahoma City.
Troy has a deep understanding of the corporate trust needs of our clients and is helping to lead our efforts to develop innovative solutions.
We have made a commitment to be the leading corporate trust provider in the Rocky Mountain region," said Jon Robinson, chief executive officer of UMB Bank Colorado.
Todd Duncan, UMB Bank's executive vice president, Corporate Trust, said, 'However, with the ongoing changes in the capital markets and corporate trust business, UMB's corporate trust service model has gravitated to a regional bank, full service model that requires the support of commercial banking and other traditional banking services, which UMB does not plan to build in the Indianapolis area.
In its role, BNY Mellon Corporate Trust will provide a variety of services for the debt issue, including processing principal and interest payments and maintaining bondholder records.
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