PENSCO Appoints Mark Lee as Chief Financial Officer

Sep 14 2015 | 3:54pm ET

PENSCO, an alternative asset custodian for self-directed IRA investors, announced the appointment of Mark Lee as Chief Financial Officer, effective immediately. 

Lee, who has more than 30 years of financial and business experience, will be responsible for all financial functions within the company, including financial planning, analysis, and reporting.

“Mark’s varied and accomplished financial background makes him an outstanding addition to our team,” said Kelly Rodriques, CEO of PENSCO. “He brings PENSCO 15 years of experience as a CFO for major financial institutions as well as deep expertise in forecasting and analytics, regulatory change, and risk management.”

Lee most recently served as the CFO and managing director of the Stanford Management Company, which manages $24 billion in investment and endowment assets for Stanford University. Before that he was CFO and Senior Vice President of Schwab Institutional and Asset Management, where he supported five divisions with total revenues of $2.2 billion. Earlier in his career, Mark held senior positions at Barclays Global Investors, Goldman Sachs, and Hewlett Packard. He holds an MBA in finance from the University of Chicago and a BS in accounting and finance from the University of California, Berkeley.

“What really attracted me to PENSCO were the leadership team and their commitment to transforming the industry with financial technology that will make it easy to invest in alternative assets using retirement dollars,” said Mark Lee. “The growth potential is also exciting. Last year the self-directed IRA category grew 21% from the previous year. I look forward to participating in PENSCO’s success.”

As the trusted custodian of over $10 billion in assets on behalf of more than 45,000 clients, PENSCO works with financial institutions, capital raisers and financial advisors, as well as self-directed investors who typically have a point of view about alternative investments based on their own knowledge or expertise and want to put their tax-advantaged retirement dollars to work in these opportunities.

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