Charles Millard

Charles is the former Director of the United States Pension Benefit Guaranty Corporation (PBGC). From 2011 until July 2016 he was managing director and head of pension relations with Citigroup, where he oversaw Citi’s relationships with pension investors around the world. In his role at Citigroup, he led international pension conferences and has been a leading speaker at numerous pension-related events.

He has advised Fortune 500 corporations on issues regarding de-risking their pension plans, and he developed relationships on behalf of Citigroup with some of the world’s largest pensions plans. In March 2016, Charles led the publication of the report “The Coming Pension Crisis.” The report was noteworthy for highlighting $78 trillion in unfunded retirement obligations in twenty countries of the Organization for Economic Co-operation and Development (OECD).

Prior to his appointment to the PBGC, Charles had a varied career in both private and public life, including service as a managing director with both Lehman Brothers and Prudential Securities, and as a senior cabinet official in the administration of New York City Mayor Rudolph Giuliani. Immediately before joining the PBGC, Charles 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 directed the process of obtaining a license from the NASD and helped raise over one billion dollars for Broadway’s discretionary private equity real estate funds.

He began his private sector career as an attorney with Davis Polk & Wardwell where his activities included precedent-setting constitutional litigation in the United States Court of Appeals for the Second Circuit. From 2005 to 2006, Charles wrote a regular column in the New York Post. Charles holds a B.A. 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. Charles joined the Board of Ross Trustees in September 2017 in the role of Non-Executive Director representing the business to US companies with UK pension obligations.