Charles E. F. Millard is a Managing Director with Citigroup. He runs the firm’s Pension Relations business.
Mr. Millard was the Director of the United States Pension Benefit Guaranty Corporation from 2007 to 2009. Under Millard’s leadership, the corporation’s deficit was reduced from $18 billion to $11 billion, and the corporation adopted a more diversified investment policy that tripled its chances of eliminating its deficit over time, with a lower level of risk. As the first Director of the PBGC to be confirmed by the United State Senate, Mr. Millard served as the chief executive officer of the corporation and carried the rank of Under Secretary.
Millard was the President of the New York City Economic Development Corporation, was Chairman of the New York City Industrial Development Agency in the administration of Mayor Rudolph W. Giuliani. In those roles he completed the redevelopment of 42nd Street and Times Square. He was twice elected to the New York City Council, where he was the first Republican from Manhattan in 25 years and drafted the legislation that helped rid New York’s neighborhoods of porno shops and topless bars.
In private life, Mr. Millard served in leadership roles as a Managing Director with Lehman Brothers, Prudential Securities, and Cambridge Partners. In those positions, he carried Group Head senior responsibility in areas of investment banking and private banking. From 2004 to 2007, he completed the Finra registration process for and became President of BP Direct Securities. During that time, BP Direct Securities helped Broadway Real Estate Partners raise over a billion dollars in three discretionary funds.
He began his career as an attorney with Davis Polk & Wardwell, has worked as a columnist for the New York Post, a VISTA Volunteer, a senior staffer for legendary New Jersey Congresswoman Millicent Fenwick, and a Human Rights analyst in Santiago, Chile.
He received a B.A. Honors Degree, Phi Beta Kappa, from the College of the Holy Cross and a J.D from Columbia Law School, where he was ranked as a Harlan Fiske Stone Scholar each year.