Denver Business Journal honors Trust executive for exemplary financial stewardship.
DENVER (May 21, 2010) – Trust Company of America, a specialized custodian and technology provider to fee-based Registered Investment Advisors, today announced that chief financial officer David Runberg was named CFO of the Year by the Denver Business Journal. The annual award recognizes excellence in financial stewardship across industries and company size.
“We are very proud that Dave’s achievements were recognized with this prestigious award,” said Frank Maiorano, Trust president and chief executive officer. “Dave has been an unsung hero at our company, but his skills have been integral to our success. Beyond his work ensuring we maintain a strong financial position, Dave has been a critical member of our community.”
Mr. Runberg joined Trust in 2007, and his tenure has largely coincided with Trust’s quadrupling of assets under custody in the last four years. Crucially, this growth was accomplished during the worst financial environment since the Great Depression, a testament to the strong financial leadership provided by Mr. Runberg and others with Trust. Notably, Trust’s momentum has continued in 2010: The number of accounts year-to-date grew 22 percent over 2009, and assets under custody year-to-date have grown 42 percent over last year.
“I’m truly honored and humbled by this recognition,” said Mr. Runberg. “To me, it says a lot about the quality of people we have at Trust – not just in my department, but across the company. Our employees are committed to excellence in everything they do, and this award is a reflection of that commitment.”