UMB Bank Institutional Banking division has launched a new specialty corporate trust service for the aviation industry that will include a team of four corporate trust specialists based in Salt Lake City, Utah – a new market for our corporate trust division. The group will focus on servicing large ticket specialty trusts, agency appointments and escrow services for the aviation industry and are experienced in handling all trust and agent roles for commercial aircraft as well as business and corporate jets.
“Our corporate trust team has worked hard to become one of the top three trustees and paying agents based on the most recent annual rankings for number of new issues. This new offering further solidifies the depth of services we are able to offer our clients. The team we have assembled has a wealth of experience in the aviation industry and understands all of the complexities that come with these relationships.”
– Jim Cornelius, president of institutional banking at UMB
Our corporate trust solutions for the aviation industry will include prompt and efficient account setups, personalized trust administration with a dedicated support team and access to real-time online account reports. These services include, but are not limited to: owner trustee, indenture trustee, security trustee, operating bank, account bank, collateral agent, administrative agent, escrow agent and paying agent. UMB's strong credit rating, sizable balance sheet and robust capabilities make it a perfect fit for the global aviation market.
The team includes Dain Brown, Necia Stevens, Eric Morgan and Scott Rosevear. The four new corporate trust team members are joined by Mark Heer and Mark Flannagan, current UMB corporate trust associates.