Oak Brook, IL, June 14, 2011 – Millennium Trust Company, a leading provider of Administrative and Custodial Services for
Alternative Investments, proudly welcomes Matthew Kiggins as Senior Vice President, Regional Director of the Alternative Solutions Group. He is responsible for sales and business development within the Northeast Region for
Alternative Asset Custody Solutions and
Private Fund Custody Services.
Prior to joining Millennium Trust, Mr. Kiggins worked for Fidelity Investments in Boston as Product Director of
Alternative Investments. He was instrumental in the successful growth, evaluation and development of the Alternative Investments business. He earned his bachelor’s degree in Economics from the Fitchburg State University and holds his FINRA Series 7 & 63 licenses.
“Matthew will be an excellent addition to our sales team, especially with his extensive experience working with financial institutions, advisors, investment sponsors, broker-dealers and high net worth clients,” states Reggie Karas, SVP, Alternative Solutions Group. “Matthew is charged with growing Millennium’s client base of financial institutions looking to move the custody of their client’s alternative assets to a firm that specializes in this area.”
This announcement comes on the heels of launching the
Private Fund Custody Services offering. Millennium Trust provides a solution for Registered Investment Advisors (RIAs) seeking an independent Qualified Custodian to comply with the amended Custody Rule 206(4)-2 enacted in March 2010. Millennium holds custody of all the private funds’ underlying assets in its name as custodian for the fund. As required, Millennium sends quarterly statements to all investment participants. Whether the private fund is self-administered or administered by a third party, Millennium delivers additional customized custodial services upon request.
About Millennium Trust Company
Millennium Trust Company is an industry leader in administrative and
IRA custodial services. Millennium custodies alternative and traditional assets in IRAs, Solo 401(k)s and custody accounts, offers
private fund custody services, creates customized Automatic Rollover programs, provides integrated Health Savings Account solutions and designs unique trading platforms for Investment Advisors. Additional information about Millennium Trust Company may be found in the
About Us section of our website.
Millennium Trust performs the duties of a custodian and, as such, does not provide investment advice or sell investments, nor offer any tax or legal advice.