#United States #Tampa #Argent Trust #Credit Tenant Lease #Todd Duncan

Argent Institutional Trust Company Expands Its Credit Tenant Lease Solutions

In a significant move to enhance its offerings in the trust solutions sector, Argent Institutional Trust Company (AITC), based in Tampa, Florida, has announced the recruitment of three prominent financial professionals to its Credit Tenant Lease (CTL) team. This expansion reflects AITC’s commitment to delivering exceptional service in the corporate and institutional trust landscape.

New Additions to the Team

The new recruits include Todd H. Duncan, who has joined as managing director, alongside Alan D. Doty as director and Narciso "Narci" Pasillas as vice president. The trio brings a wealth of experience spanning several decades, crucial for AITC's endeavors in developing its CTL trust solutions.

Todd H. Duncan

Duncan, with over 30 years of experience in corporate trust and agency services, is expected to spearhead CTL new business development. His extensive background covers a broad spectrum, including client relationship management, risk management, financial oversight, and revenue generation, particularly within nationally-focused financial institutions.

Alan D. Doty

Doty joins AITC with two decades dedicated to the CTL industry, where he has established himself as a subject matter expert. Known for his hands-on approach, Doty focuses on client relationship management, ensuring effective transaction handling, compliance, workflow, and cash flow reviews, which are integral to the trust services offered.

Narciso "Narci" Pasillas

Pasillas brings similar credentials, with 20 years of experience in various financial institutions. His specialization lies in trust administration, providing a strategic and client-focused perspective on intricate transaction structures and collaborating with both risk management and operational teams for process enhancement and profitability analysis.

Significance of the Expansion

This strategic hiring marks a crucial step in reinforcing AITC’s capabilities in the CTL sector. According to Steven B. Eason, CEO of AITC, the addition of Duncan, Doty, and Pasillas significantly bolsters the company's expertise in a fast-evolving market, allowing AITC to meet the high-touch service demands of its clients more effectively.

The executives previously contributed their talents at Wells Fargo and Computershare, particularly after Computershare’s acquisition of Wells Fargo’s corporate trust business in 2021. Their transition to AITC is anticipated to strengthen the company's service delivery model.

About Argent Institutional Trust Company

Originally started as Trust Management Incorporated in 1954, AITC has evolved from its roots as a Texas-chartered trust company to a full-service provider of trust and agency services. Following its merger with Argent Financial Group in August 2023, AITC is strategically based in Tampa, offering client administration services across multiple locations, including Atlanta, Fort Worth, Milwaukee, and New York City, with additional expansions into Ohio and Indiana planned.

As a wholly owned subsidiary of Argent Financial Group, which manages over $260 billion in client assets, AITC continues to focus on delivering comprehensive trust services, including trustee, escrow, custody, and investment partnerships. This restructured team aims to bring enhanced client care, ensuring robust and sustainable relationships within the trust industry.

In summary, the strategic expansion of AITC’s Credit Tenant Lease Solutions team signifies not only the company’s growth ambition but also its unwavering commitment to financial excellence and superior service delivery in the competitive trust market.