Wilmington Trust has hired Scott Linden as product leader for its collateral management business.

Based in Manhattan, he’ll work within the firm’s capital markets division and oversee collateral management as part of the institutional custody business.

Wilmington provides trustee, custodial and fiduciary services for retirement plans. Clients also include banks, investment and brokerage firms and third-party administrators.

Prior to joining the firm, Lindon was director of collateral management consulting at Perficient.

Before that, he worked at BNY Mellon as collateral management product manager.

“Scott’s expertise will help position Wilmington Trust to be very competitive in the collateral management space, particularly as the financial markets prepare for the upcoming regulations for derivatives transactions.” said Amy Stengel, managing director of institutional administrative services at Wilmington Trust.