Capital First Trust Co. has named Kristin Beres chief financial officer.
[caption id="attachment_146196" align="alignright" width="300"] Beres[/caption]
Beres is a certified public accountant who previously was director of finance and accounting at the company. She also has worked as finance director at the Arthritis Foundation-Upper Midwest Region and as a supervisor at Scribner Cohen & Co.
“Kristin brings valuable insights and experience in establishing a firm financial foundation for growth,” said David Eichenbaum, chief executive officer. “She has already added significantly to establishing financial controls upon which we can better serve our clients and deliver a robust expansion of our business.”
The 17-year-old company, headquartered in South Dakota, but with administrative offices in Milwaukee, also this month changed its name from First Capital Surety & Trust to Capital First Trust Co.
Capital First in May announced it was acquired by a North Carolina private equity firm, which named a new CEO, as well as a new president and chief operating officer, and last month moved its headquarters from downtown Milwaukee to the city's Walker’s Point neighborhood.
The company administers $600 million of trust assets, most of which are in personal injury settlement trusts. It has 25 employees and a national client base.
“First Capital Surety & Trust has long been one of the leading settlement trust companies in the country,” said Michael McMahan, board chairman. “Our goal is to leverage the solid market position of the company and accelerate its growth under the new banner, Capital First Trust Co.”