About the Author

Tony Roth

Chief Investment Officer

Anthony “Tony” Roth is Chief Investment Officer for Wilmington Trust Investment Advisors, Inc, the investment advisory arm of M&T Bank Corporation. Tony plays a key role in developing and delivering investment services for our wealth, institutional, and brokerage clients. He provides strategic direction for the firm’s asset management investment activities including asset allocation, manager research, and portfolio construction. Tony leads the firm’s Investment Committee.

Tony joined Wilmington Trust in 2014 with extensive experience in wealth management and investment advisory. Prior to joining Wilmington Trust, Tony was Chief Investment Officer (CIO) for Aquitaine Management in New York. Before that, he worked for UBS Wealth Management Americas as CIO, where he founded the Ultra High-Net-Worth Chief Investment Office. Earlier in his career, he was founder and co-head of the Advisory Services Division at Bear, Stearns & Co. Inc., served as director of the Family Wealth Group at Sanford C. Bernstein & Co., and was a tax attorney at Cleary Gottlieb in New York.

Tony earned his law degree from Harvard Law School. He holds a master’s degree in French and International Tax Law from Université Panthéon Sorbonne, and graduated magna cum laude from Brown University with a degree in Philosophy.


By the Author

Yield Curve Inverted: Start the Clock

Tony Roth |
Wilmington Wire
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August 18, 2019 – Last week was another incredibly volatile period for financial markets, with trade tensions, mixed economic data, and an inverted yield curve contributing to wild swings in stock and bond markets. While the recession risks have risen, it is still not our base case that the U.S. will enter recession or experience negative government interest rates prior to next year’s election.

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Another Shot Fired in Trump’s Trade War

Tony Roth |
Wilmington Wire
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August 1, 2019—Just when we think we have a fairly good read on the prospects for policy—namely monetary policy and trade policy—we get thrown another curve ball of the trade variety.

On Thursday, President Trump announced via Twitter that tariffs would be increased by 10% on the remaining roughly $300 billion of U.S. imports from China beginning September 1. This comes on the heels of the first in-person trade talks between the U.S.

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Capital Perspectives July–August 2019

Tony Roth |
Investment Management
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In the July–August issue of our monthly flagship publication, we feature:On the Record by Chief Investment Officer Tony Roth, where he explains why—despite the fact that a U.S.–China trade truce, impending Fed rate cuts, and all-time S&P 500 highs are quite encouraging for the economy and markets—we are more cautious on these drivers heading into the second half of the year.

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