Independent private capital fund administrator Gen II Fund Services has appointed Steven Millner as CEO.
Millner has served as managing principal and as a member of the firm’s executive committee since co-founding Gen II in 2009. Collectively, the co-founders have extensive experience in the administration of private capital funds and assisting with the launch of emerging managers.
Alongside Millner’s appointment, co-founder Norman Leben will step down as managing principal, remaining as board member and senior advisor to the firm.
In addition, co-founder Steven Alecia will transition from chief client officer to president.
Millner comments: “I am honored and humbled to assume the role of CEO. My sincere gratitude to Norman, Steve and all those at Gen II for making this possible and for our remarkable achievements. This is an exciting time at Gen II and for our industry, and I have never been more enthusiastic about our future.”
Leben adds: “We are very pleased to have Steven assume the role of CEO. Steven has played a critical role in Gen II’s growth and is committed to maintaining its operational excellence, developing our offerings, driving innovation and pursuing the firm’s global growth strategy.”
Gen II also announced the appointment of Michael Pollack as head of client delivery and innovation, and Matthew Luongo as chief administrative officer.
Pollack most recently served as founder and CEO of Pollack Consulting Group, an independent management consultancy focused on strategy, operational and technology solutions. Before this, he was managing director and global head of J.P. Morgan’s portfolio analysis group.
Luongo previously founded MJ Management Solutions, a business management consulting firm, as well as holding executive level roles at CLS Bank, Cognizant Technology Solutions, UBS and American Express.
Millner concludes: “With Michael and Matt’s deep expertise in financial services and operations, we are confident that they will make an immediate impact at Gen II, further enhancing our efficiency and strengthening the world-class service that is the hallmark of Gen II.”
