Private Sector

Charles E.F. Millard has served in numerous senior roles in financial services. He is currently Managing Director with Citigroup, where he runs the firm’s Pension Relations business.

In the private sector, Mr. Millard began his career as an attorney with Davis Polk & Wardwell from 1986 to 1991. As an associate in the litigation department, he represented clients such as Morgan Stanley, Morgan Guaranty, and Ernst & Young.  He led precedent-setting pro bono litigation in the Second Circuit Court of Appeals, and he was actively involved in the firm’s representation of Drexel Trading Corporation in Bankruptcy Court.

After four years as a City Councilman, Millard was appointed by Mayor Rudolph Giuliani to be President of the New York City Economic Development Corporation, where he concluded numerous high-profile real estate transactions including much of the redevelopment of 42nd Street.  He also led the administration’s initiatives in New York’s burgeoning internet-related, new media industry. He oversaw a venture capital fund, and started two venture capital conferences. A book published at the time referred to him as the “godfather of Silicon Alley.”

After four years in the Giuliani administration, Mr. Millard accepted a position as head of Prudential Securities internet investment banking group based in New York. In that role, he coordinated the functions of investment banking teams from each practice group to bring a concerted effort to clients whose business included increased use of technology and the internet.

In 2001, after Prudential dismantled its investment banking operations, Mr. Millard was hired by Lehman Brothers to lead a new effort, launched by the executive committee of the firm. As the head of a group called Wealth Management Services, his mandate was to deliver the entire resources of Lehman Brothers at the most senior level to the firm’s most significant individual and family clients. This effort successfully raised billions of dollars in new assets under management for the firm.

In 2004, Mr. Millard was recruited to be the President of BP Direct Securities, a regulated broker-dealer that raised funds from high net worth individuals and institutional investors for investment in projects led by Broadway Partners, a national real estate firm.  That effort succeeded in raising nearly $1 billion dollars in three funds.

In 2007, President Bush appointed him Director of the United States Pension Benefit Guaranty Corporation, where he oversaw 2600 employees and the investment of approximately $50 billion.

After serving as head of the Pension Benefit Guaranty Corporation , Mr. Millard returned to New York in 2009, where he founded Cardinal.