Millennium Trust Company, a provider of alternative asset custody solutions to institutions, advisors and individuals, has made 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, 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 USD5 billion in assets under custody," says 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 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," says Nitschke. "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," says 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."