Three Industry Veterans Bring Expertise to UMB
February 16, 2022 | UMB
UMB’s Fund Services and Institutional Custody teams are growing with the hiring of three industry veterans. Paul Troilo joins Fund Services as global relationship manager, and Tonya Cordray and Melissa Clingan join Institutional Custody as senior manager and manager custody administration, respectively.
Paul Troilo has more than 27 years of mutual fund accounting, custody and project management experience. In his role, Troilo is responsible for overseeing registered fund client relationships and ensuring exceptional client service is delivered. Prior to joining UMB, Troilo served as vice president at State Street Bank & Trust Company where he built and managed a client service team, developed new business and specialized in conversions, deconversions, mergers and all associated fund event activities. He earned a bachelor’s degree in accounting with a minor in finance from the University of Massachusetts in Boston.
“Paul brings decades of valuable industry knowledge to our team,” said Scott Schulenburg, SVP/Director of Client Services. “As we continue to grow our client base, it was imperative to hire an industry expert to ensure that our clients continue to receive the highest level of service that UMB is known for.”
Tonya Cordray brings more than 20 years of institutional custody knowledge and 25 years of financial services industry knowledge and management experience. As senior manager within the Institutional Custody Administration team, Cordray oversees all clients, as well as the team members servicing clients, to ensure that each is met with exceptional service levels. Prior to her role at UMB, Cordray held positions at Waddell & Reed, State Street Bank & Trust Company and Benefit Trust Company. During her time at State Street, Cordray managed operations, client service and relationship management teams. She earned a bachelor’s degree in finance and management accounting from Park University in Parkville, Missouri and a master’s degree in business administration from Webster University in Webster Groves, Missouri.
Melissa Clingan has more than 18 years of experience of institutional custody experience. At UMB she is responsible for leadership and development of the custody administration team with a focus on insurance and government entities. Prior to joining UMB, Clingan served as assistant vice president at State Street Bank & Trust Company and was instrumental in the management of complex and varied banking services for domestic, international and emerging market funds. Clingan also led a team for onboarding new funds while facilitating conversions, mergers and systems setups. She earned a bachelor of art degree in business administration and management from Park University in Parkville, Missouri.
“We’re thrilled to bring such talented individuals to UMB to join our growing team,” Amy Small, SVP, Director of Institutional Custody at UMB Bank. “I’m confident that Tonya and Melissa’s experience will be a valuable asset for both our clients and team members.”
About UMB:
UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Missouri. UMB Bank, N.A. 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, and serves business and institutional clients nationwide. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn, or follow us on Twitter at @UMBBank. For information about UMB’s operations, approach and relief measures during the COVID-19 pandemic, please visit umb.com/COVID-19.
