Provider of alternative asset custody solutions, Millennium Trust Company (Millennium), announced today two promotions within its Alternative Solutions Group (ASG).
Jeremy Christensen has been named Director of Private Fund Custody (PFC) and Matt Nitschke as National Director of the ASG.
“Given the record growth we’ve seen across all of Millennium’s business units, these appointments will ensure that we are well-positioned to continue expanding in these key areas,” commented Scott McCartan, Chief Executive Officer.
Millennium offers custody solutions to institutions, advisors, and investors complementing the services offered by other custodians. The company offers the ability to invest in alternatives such as real estate, private equity, LLCs or LPs, and hedge funds among others within a self-directed individual retirement account (IRA).
Be sure to read The Self Directed IRA 101.
Christensen has been with Millennium for over five years, most recently as acting manager of PFC and manager of RIA relationships in the Southeast/Mid-Atlantic regions.
“When we launched our PFC service in late 2010 we felt it would be successful, but it has exceeded expectations, adding roughly $5 billion in assets under custody,” noted Christensen. “We pride ourselves in providing expert custody and client service for all private funds, whether they are newly launched and working to raise capital or an established fund with significant assets under management.”
Nitschke, who’s been in financial services for 13 years most recently served as Regional Director in the Midwest.
“I’m excited to be a part of the Millennium Trust growth story,” said Nitschke. “It’s a story about being laser-focused on our clients’ needs and goals and then tailoring a solution to achieve them.”
McCartan added, “We continue to focus on offering our clients industry-leading alternative asset custody solutions by making major investments in technology and infrastructure. However, we also believe in investing in our employees. Both Jeremy and Matt continue to make substantial contributions to Millennium’s success and we look forward to our future with them.”