Cumberland Trust Appoints David Murray as Managing Director, Corporate Development as Company Reaches $8 Billion in Assets Under Administration

Mar 5, 2024 | Trust in the News

Cumberland Trust, a Nashville-based independent trust company, announces the addition of David Murray to its Corporate Development team as Managing Director.

With more than 20 years of industry experience, Murray brings considerable expertise in personal trust and estate planning to the growing Cumberland Trust team. In his role, he will collaborate with estate planning attorneys, financial advisors, CPAs, and other professional advisors to deliver personalized trust solutions to individuals and families across the country. His comprehensive knowledge of various facets of financial and estate planning, coupled with extensive relationships in the advisory community will drive new business while amplifying the company’s beneficiary-friendly directed trust model.

“As an expert and trusted advisor in the wealth management industry, we are thrilled to add Dave to our Corporate Development leadership team,” said Jennie Menzie, CEO and President of Cumberland Trust. ” His unique experience and skill set working in the philanthropic and wealth planning industry will be critical as we propel the company forward and continue to experience record expansion.”

Murray joins Cumberland Trust after 16 years as Vice President with Sterling Foundation Management, headquartered in Virginia, where he specialized in advising estate planning attorneys, financial advisors, CPAs and their clients on charitable planning. He has a strong background in strategic planning and philanthropy and related tax, legal and financial implications. As a frequent speaker for trust, estate, and wealth industry events, Murray brings trust solutions to professional audiences through education.

“Dave will be instrumental as we continue to grow Cumberland Trust’s reach nationwide. His industry knowledge will allow us to expand and to provide premier trust and estate administration to more families while benefiting the company’s business development team tremendously,” said Michelle Diamond, Chief Development Officer.

Murray holds an undergraduate degree in Civil Engineering and an M.B.A from Queen’s University in Kingston, Ontario, and a master’s degree in Civil Engineering from the University of Alberta. He is a registered Professional Engineer (non-practicing).

Cumberland Trust provides independent, personalized, high-touch trust and estate administration services—a unique solution for individuals and families seeking the expertise of a corporate trustee while retaining the flexibility to work with their chosen group of advisors. The company’s client-first services and directed trust platform have attracted more than $8 billion in assets under administration with ten offices serving families nationwide.