CENTREVILLE, Va.--(BUSINESS WIRE)--David Milby, former director of the National Association of Unclaimed Property Administrators (NAUPA), has joined Avenu Insights & Analytics (Avenu) as program manager for the company’s MissingMoney (www.missingmoney.com) website.
In his position Milby will ensure that state treasurers, comptrollers, administrators and those in similar roles have a central location for channeling inquiries and input about the program. This starting point simplifies the process for citizens who may have unclaimed property in multiple jurisdictions.
As the former director of NAUPA, Milby understands the challenges facing states that find the rightful owners of stocks, insurance proceeds, dormant bank accounts and other unclaimed property collections that totaled $7.7 billion in FY2015. All businesses are required by law to report unclaimed accounts each year.
“As the only official location that presents an aggregate of unclaimed property availability, MissingMoney is an important tool for the unclaimed property programs as they put more money back into the hands of rightful owners every year,” says Paul Colangelo, CEO of Avenu. “David knows this process better than anyone and will be a great resource to expedite it as well as maintain our strong relationship with NAUPA.”
About Avenu Insights & Analytics
Avenu Insights & Analytics has a long history of helping state and local governments boost revenue, optimize operations, and deepen community trust. Avenu’s revenue enhancement and administration solutions enable jurisdictions to provide truly digital government that meets expectations of citizens, employees and elected officials. Avenu is a portfolio company of Mill Point Capital.
About Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with executive partners to leverage its investment professionals' experience, while providing strategic and operational guidance designed to drive long-term value creation in its portfolio companies. Mill Point is based in New York.