Charles Millard
Senior Advisor (New York, NY)Charles Millard has 30+ years of economic policy, investment advisory and wealth management experience and is a prominent speaker and writer within the pension and retirement investment plan space.
Mr. Millard is a former Director of the United States Pension Benefit Guaranty Corporation (PBGC) with $100 billion in assets, which insures the pensions of over 40 million Americans. He was appointed by President George W. Bush and was the first Director of the PBGC to be confirmed by the United States Senate. As Director, Mr. Millard served as the Chief Executive Officer of the PBGC and carried the rank of Under Secretary.
Mr. Millard was also a Managing Director and Head of Pension Relations at Citigroup Inc. (NYSE: C), a $2 trillion in assets global financial institution where he oversaw relationships with global pension investors. During his time with Citigroup, he also taught at the Yale School of Management on pensions and public policy and has served the World Economic Forum as a member of its Retirement Investment Systems Reform Project.
Prior to his appointment to the PBGC in 2007, Mr. Millard had a varied career in both private and public life, including service as a Managing Director with both Lehman Brothers and Prudential Securities. Immediately before joining the PBGC, Mr. Millard was a Managing Director at Broadway Partners, a national real estate investment and management firm in New York. He also served as President of BP Direct Securities, a broker-dealer associated with Broadway Partners, where he helped raise over one billion dollars for Broadway’s discretionary private equity real estate funds.
Mr. Millard also served as President of the New York City Economic Development Corp. (EDC) and Chairman of the New York City Industrial Development Agency in the administration of Mayor Rudolph Giuliani. In that role he oversaw large and significant parts of New York City infrastructure including the redevelopment of Times Square and 42nd Street. Prior to that role, he was twice elected to the New York City Council from the East Side of Manhattan.
Since leaving Citigroup, he has served as a Senior Advisor or Consultant for AQR Capital Management, McKinsey, Syntax Data and ARS Financial. He is also a Trustee Director of Independent Governance Group (a U.K. pension services firm) and member of the Board of Directors of Mt. Logan Re and of 777 Re, both Bermuda-based reinsurance companies. Mr. Millard holds a Bachelor of Arts Honors Degree, cum laude and Phi Beta Kappa, from Holy Cross College, where he received the Presidential Service Award, and a J.D. from Columbia Law School, where he was a Harlan Fiske Stone Scholar.
As an aligned Senior Advisor, Mr. Millard assists Star Mountain with deal origination and investor relationships, industry and other strategic insights to help Star Mountain and its portfolio investments maximize value.