About the Author

Clement K. Miller

Administrative Vice President and Portfolio Manager

As part of Wilmington Trust Investment Advisors, the investment advisory arm of Wilmington Trust and M&T Bank, Clement is the Portfolio Manager for the Wilmington Multi-Manager International Fund. He is also the primary analyst for the selection of third-party investment managers for international equities and fixed income, including emerging markets, and is a voting member of the Investment Committee.

Prior to joining Wilmington Trust Investment Advisors, Clement served in M&T Bank’s international trade finance group, serving as team leader for export finance. Earlier in his career he held several positions at the Export-Import Bank of the United States in Washington, D.C. The Export-Import Bank provides loans and financial guarantees to support U.S. exports to borrowers, primarily located in emerging markets. He served as manager of the workouts division, loan officer, and country risk analyst. Clement served for two years as a member of a U.S. delegation to international trade negotiations. He was a member of the Credit Committee, which reviewed all transactions over $10 million. Prior to joining the Export-Import Bank, he was an international economist with Wharton Econometrics (later incorporated into IHS Insight).

Clement holds a master’s degree from George Washington University in Finance and International Business and a bachelor’s degree in International Economics from Georgetown University’s School of Foreign Service. He received his Chartered Financial AnalystTM (CFA) designation in 2001.

He has served two terms as President of the Baltimore CFA Society and is currently its treasurer.


By the Author

Senate Version of Tax Bill Aims to Raise Tax Revenues from First-In, First-Out Share Sales

Clement K. Miller |
Wilmington Wire
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December 5, 2017— The Senate tax bill contains a provision that would force individual investors to use first-in-first-out (FIFO) tax treatment for sales of the shares of most stocks.   Markets have risen substantially in recent years, making management of taxable gains an important consideration in delivering after-tax returns to investors.   Under current law, individual investors are

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Political Turmoil in Saudi Arabia Could Place ARAMCO IPO and Potential MSCI EM Status at Risk

Clement K. Miller |
Wilmington Wire
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November 10, 2017— Saudi Arabia is planning an IPO for 5% of ARAMCO, the state-owned oil company, for 2018 or 2019. With an estimated value ranging from $50-$100 billion, the IPO would be the largest-ever IPO. The proceeds are slated to fund a capital increase in Saudi Arabia’s sovereign wealth fund, the Public Investment Fund. New York

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Japan’s Snap Elections – Shinzo Abe’s Likely Re-Election is Constructive for Japanese Equities

Clement K. Miller |
Wilmington Wire
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October 17, 2017—Japan holds general elections on October 22. Polls suggest Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP) will secure its current large majority of seats. ‎   Abe’s personal popularity has sagged due to family and cabinet scandals. Nevertheless, voters welcome an improving local economy and support his plans to strengthen the armed forces

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