September 14, 2016—LIBOR is a benchmark rate that some of the world’s leading banks charge each other for short-term loans. LIBOR rates can be an indicator of stress in the financial system. Recently three-month LIBOR reached its highest level in more than seven years. Today, the elevation in LIBOR is being attributed to the pending U.S. Money Market Reform and not some impending banking crisis.
Dominick directs 30 investment professionals including portfolio managers, credit analysts, and traders managing taxable and tax-exempt assets. He is responsible for the active management of institutional fixed income client relationships including pensions and endowments, community banking relationships, schools, hospitals, and state and local governments. Dominick is also a voting member of the Wilmington Trust Investment Advisors (WTIA) Investment Committee, which formulates the firm’s asset allocation strategy, manager selection, and portfolio construction processes.
Dominick joined Wilmington Trust in 1986 as a Senior Fixed Income Trader supervising all trading of securities including money market instruments, Treasuries, Agencies, and corporate debt. During his tenure with the firm, he also served as a Senior Fixed Income Investment Officer and most recently as Director of Institutional Fixed Income, where he oversaw all institutional fixed income operations and staff management.
Dominick holds an MBA from Widener University and a bachelor’s degree in Business Administration from the University of Delaware. He is a member of the Financial Analysts of Philadelphia and has served as a grader for the Chartered Financial Analyst exam.