DENVER, June 12, 2013 /PRNewswire/ -- Trust Company of America, an independent technology and custody provider for RIAs, announced today that it has appointed Robert MacDonald to its Board of Directors.
A native of St. Paul, Minnesota, Mr. MacDonald joined 3M in 1971. During his 40-year career at 3M, he led the firm's Medical Division; served as Managing Director of 3M Italy; oversaw the development of the 3M Innovation Center; and led the company's sales and marketing functions as Global Chief Marketing Officer. He retired in 2011.
"We are excited to add Bob to our Board of Directors," said Steve Finn, Trust Company of America Chairman. "He understands our commitment to helping RIAs realize their full potential and his diverse experience at one of the world's leading corporations will be invaluable as we challenge the status quo in the industry."
"Trust Company of America has enjoyed significant growth over the last decade," said Robert MacDonald. "They're passionate about service and new technology, and I look forward to serving as an outside Director to this dynamic leadership team."
"Bob brings a unique focus to our board with his passionate drive to better serve customers and a significant history of leading innovation," said David Barry, Chief Executive Officer. "He will help drive our service focus and product development efforts to a new level."
Mr. MacDonald holds a bachelor's degree in mechanical engineering from the University of Minnesota, as well as an MBA and a master's degree in bio engineering. He also served on the Executive Committee of the US Chamber of Commerce, was president of the 3M Foundation, and is presently Vice Chair and National Board Member for the Smithsonian Institution in Washington, DC.
About Trust Company of America
Trust Company of America is the only independent RIA custodian offering fully integrated, real-time technology and back office services built exclusively for RIAs. Headquartered in Centennial, Colorado, Trust has been helping RIAs optimize their portfolios by improving the scale, efficiency and sophistication of their trading for nearly 20 years.
Through the first quarter of 2013, the firm signed eight new clients and reached a record $12 billion in assets under custody. For more information, please visit www.trustamerica.com.
Morrison Shafroth, Walek & Associates
SOURCE Trust Company of America