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Marianne W. Young, President, Market Street Trust Company

Marianne has been with Market Street since 1995, first as Vice President for Client Services where she was responsible for the management of client relationships for both individual and trust accounts, and then as President beginning in July, 1999. In addition to working with the Board of Directors on strategic issues, Marianne works with individuals and family groups to facilitate financial and estate planning. She also works with and advises several family foundations.

Before joining Market Street, Marianne practiced law at Harris, Beach & Wilcox, where she focused on corporate and banking law. She received a B.A. Degree from Mount Holyoke College and an M.S. Ed. from the University of Rochester. She also holds a J.D. Degree from Cornell Law School where she graduated Magna Cum Laude. Marianne was admitted to the New York State Bar in 1992 and is a member of the New York State Bar Association, Trusts and Estates Law Section. She served on the Family Office Exchange Advisory Board for a number of years and is a past President of the Board of Trustees of the Rockwell Museum in Corning, New York. She currently serves on the Board of Elmira Savings Bank and The Alternative School for Math and Science, and serves on the Chairman’s Council for the Institute for the Fiduciary Standard. Marianne is also a member of Collaboration for Family Flourishing, a private organization dedicated to helping families flourish across multiple generations.

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Rachel J. Sherman, Vice President, Client Service, Market Street Trust Company

Rachel is responsible for ensuring that each Market Street client has an excellent experience when it comes to their interactions with our wealth advisory professionals and integrated services. To that end, Rachel oversees the Client Service team in their work to provide holistic financial, tax, fiduciary, investment, estate planning, and other services to individuals and family groups. She acts as a primary relationship manager, helping private foundations and high-net-worth clients achieve their financial, philanthropic, and family legacy-related goals. Rachel also advises foundation trustees and directors in carrying out their fiduciary duties and strategic initiatives, while overseeing a team of professionals providing comprehensive foundation management services.

Prior to joining Market Street, Rachel practiced law in Boston at Goodwin Procter LLP and Nutter McClennen & Fish LLP. Rachel also gained experience as a law clerk to the Honorable F. Dennis Saylor, IV, of the federal district court in Massachusetts. Rachel received her B.S. from Cornell University, which included study at Oxford University. She also attended Harvard Law School and earned her J.D., graduating cum laude.

Rachel is a past president and board member of Grantmakers Forum of New York, now known as New York Funders Alliance. Rachel is also an officer and director of The Triangle Fund, a private family foundation serving Steuben, Schuyler, and Chemung counties in New York. Locally, Rachel is a board member of the Family Service Society, Inc., which serves the needs of individuals and families. Rachel has also volunteered as a grants panelist for the Community Foundation of Elmira-Corning and the Finger Lakes and has served as an advisor on planned giving for Corning Community College. She is a frequent presenter on topics of interest to families and family offices, such as philanthropic initiatives, next generation engagement, and family dynamics.