Oak Brook, IL (February, 2015) - Millennium Trust Company, a leading provider of alternative asset custody solutions to institutions, advisors and individuals, today announced two promotions within its Alternative Solutions Group. The firm has named Jeremy Christensen, Director of Private Fund Custody and Matt Nitschke, National Director of the Alternative Solutions Group.
Prior to his new role, Mr. Christensen had been acting manager of Private Fund Custody (PFC), Millennium Trust’s fastest growing business line. In addition, he managed Registered Investment Advisor relationships and new business development for the Southeast/Mid-Atlantic Region with focus on custody solutions for hedge funds, private equity, managed futures and other alternative investments. "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," said Jeremy. "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.”
Mr. Nitschke brings considerable sales management experience to his new role within the Alternative Solutions Group, including: developing sales teams; territory management; client relationship management; and new business development with emphasis on alternative investments. Prior to his appointment as National Director, he served as Regional Director in the Midwest and was responsible for new business development and relationship management. “I’m excited to be a part of the Millennium Trust growth story,” said Matt. “It’s a story about being laser-focused on our clients' needs and goals and then tailoring a solution to achieve them.”
“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,” said Scott McCartan, Chief Executive Officer. “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.”
About Millennium Trust Company
Founded in 2000, Millennium Trust Company celebrates 15 years of providing client-focused, industry-leading custody solutions. Millennium Trust offers niche solutions to institutions, advisors and individuals, serving as a complement to services offered by other custodians. Millennium’s innovative solutions include rollover solutions, alternative asset custody, private fund custody and advisor support solutions. Millennium Trust performs the duties of a directed custodian. As such, it does not provide due diligence on prospective investments, sponsors or service providers and does not sell investments or provide investment, tax or legal advice.