Laszlo previously served as the company's CFO and COORetiring CEO Anetsberger will assume the Executive Chairman role

November 16, 2022 11:00 AM Eastern Standard Time

OAK BROOK, Ill.--(BUSINESS WIRE)--Millennium Trust Company, LLC, a leading provider of retirement, custodial, and consumer-directed benefits solutions, today announced the promotion of Dan Laszlo to Chief Executive Officer, effective immediately.

"The board is excited to promote a talented senior leader like Dan from within the business to lead Millennium Trust through its next phase of growth


"The board is excited to promote a talented senior leader like Dan from within the business to lead Millennium Trust through its next phase of growth, said board member James Scola, a partner at Abry Partners, which holds a majority ownership interest in Millennium Trust.

Laszlo succeeds retiring CEO Gary Anetsberger, who will continue to serve Millennium Trust as Executive Chairman on its Board of Directors. Laszlo joined Millennium Trust almost seven years ago as Chief Financial Officer. In June 2022, following Millennium Trust's acquisition of PayFlex Holdings, Inc. from CVS Health, he also assumed the role of Chief Operating Officer.

Millennium Trust acquired PayFlex as part of its efforts to accelerate the company's convergence of retirement, wealth, health and benefits-related financial services. Laszlo's experience in repositioning businesses, attracting capital, recruiting top talent and completing strategic acquisitions will be crucial as Millennium Trust continues its evolution as a holistic financial wellness partner.

"I believe there is no company better positioned to deliver on this unique opportunity than Millennium Trust, Laszlo said. "I see a future where our innovative solutions and services solve problems for thousands of employers, countless institutional partners, and tens of millions of individuals - helping them thrive today, tomorrow and into retirement - and I am confident in and proud to be part of the team that will get us there.

Prior to joining Millennium Trust in 2015, Laszlo held investment banking and private equity roles at William Blair, Goldman Sachs, and GTCR, where he collectively spent over a decade focused on M&A and capital markets transactions across the financial services and financial technology sectors.

"Dan's strategic mindset and strong financial acumen  coupled with his deep industry knowledge and years of executive leadership experience at Millennium Trust  will be instrumental in guiding the company in its new era of growth, said Anetsberger, who spent 20 years with Millennium Trust, including the last six as CEO.

"It's been my privilege to be a part of Millennium Trust's evolution as a business, most recently with our acquisition of PayFlex, and I am grateful for the opportunity to continue driving us forward, Laszlo said.

About Millennium Trust Company

Millennium Trust Company solves important business challenges through innovative financial wellness solutions that help people plan, save and invest. With more than 5 million clients holding over $55 billion in assets under custody, we are committed to using our decades of expertise and strong partnership with the financial community to empower employers, advisors, and institutions to help people achieve short-term and long-term financial security. Learn more about Millennium Trust at mtrustcompany.com.