Millennium Trust named Gary Anetsberger CEO, effective March 18, 2016. Anetsberger replaces T. Scott McCartan who, following a career spanning over 50 years in the investment, banking and financial services industries, will retire as CEO. McCartan will move to an advisory role at the firm, while also continuing to serve on the board of directors.

McCartan joined the firm as CEO two years after its establishment in 2000 and built Millennium Trust into a U.S. financial services company. Under McCartan’s leadership, Millennium Trust has grown from less than $1 billion total assets under custody in 2002 to $17.4 billion total assets under custody as of December 31, 2015.

Anetsberger, who has served as chief operating officer at Millennium Trust since 2002, has 40 years of experience in the financial services industry. Prior to joining the firm, he served as chief administrative officer for ABN AMRO Asset Management and Stein Roe Mutual Funds, and worked as a senior manager at KPMG. He is a certified public accountant and member of the American Institute of Certified Public Accountants and Illinois CPA Society.

“2015 marked our eighth consecutive year of growth, and I am extremely gratified that the strategic investments we’ve made in our people and technology have positioned Millennium Trust for continued expansion and success for years to come,” said McCartan.

With Millennium Trust’s growth and recent sale to Parthenon Capital Partners, the company has hired a new CFO, and the board of directors was reorganized to ensure their continued success amid a rapidly changing financial services landscape.

Dan Laszlo was hired as chief financial officer to replace Karla Mansfield who retired earlier this year. Laszlo began his career in 2006 as an analyst at Goldman Sachs and most recently was a director at William Blair & Company where he focused on corporate M&A and equity and debt transactions across the financial technology and financial services industries.

Rob Metzger, director of the Investment Banking Academy at the University of Illinois at Urbana-Champaign, joins Brian Golson, Andrew Dodson, and Anthony Orazio from Parthenon Capital Partners and Scott McCartan and Gary Anetsberger from Millennium, on Millennium Trust’s board of directors.