http://www.investopedia.com/terms/t/trustee.asp#axzz1lnDvrq00
Definition of 'Trustee'
An individual who holds or manages assets for the benefit of another. Trustees make decisions based on due diligence and in the best interest of the beneficiary, and can be held personally liable for their actions if the beneficiary deems there was a breach of trust.
Investopedia explains 'Trustee'
For example, an indenture trustee is the agent of a bond issuer who handles all the administrative aspects of a loan, including ensuring that the borrower complies with the terms in the indenture.
e.g.
La Salle, BONY,Cortland,Virtus