Meet Matthew Autterson, The Brains behind the Billion Dollar Resources Trust Company

Mr. Matthew Autterson is on the board of directors of the clinical-stage drug development firm, CNS Bioscience Inc. Autteron’s also the CEO and President of this company specializing in therapies for neuropathic pain. The Colorado-based business leader sits on the board of a leading pharmaceutical company called Falci Adaptive Biosystems (FAB).

Mr. Autterson is a charitable person who uses his wealth and skills to empower others in the community. He’s worked with the Denver Zoo Board for many years to promote wildlife conservation agendas. The philanthropist also serves at the Webb-Waring Foundation and Denver Hospice Executive Board.

Education and Employment

Mr. Autterson attained his bachelor’s degree in finance from the University of Michigan Stet University in 1980. Mr. Autterson was later accepted into a master’s program at the University of Denver, Colorado where he studied finance taxation. Matthew found his job at the charted financial institution, First Trust Corporation. In 1982, the Denver business community leader, Mat, ventured on and joined Integrated Resources Inc., a Colorado-registered trust advisory charted company.

Making Millions

In 1986, Matthew Autterson got appointed as the President of the Resources Trust Company, also in Denver. As president, Matthew did a fantastic job in overhauling the inefficiencies in the trust company. In 1989, the Resources Trust Company got acquired by a company called Broad Inc. Matthew being a shrewd business person, made sure the investors profited handsomely from the deal. Ten years later, the company formed after Broad Inc. merged with Resources Trust Company sold for a whopping $18.

About Resources Trust Company

Resources Trust Company was in utter shambles and on the verge of closing the next day when Matthew Autterson took over as President in 1989. Back then, there weren’t quite as many depository and custodial trust companies as today. The learning curve for many trust fund CEOs was fairly stiff, but Mr. Autterson had a heads-up advantage owing to his prior experience working in similar industries. Matthew and the other executives at Resources Trust finally reached a unanimous decision to sell the custodial asset holding company. By then, the once-struggling company had well over 700 employees. It managed and controlled assets estimated at over a billion dollars.

The total asset valuation of Mr. Autterson’s company stood at over $20B. Resources Company relied heavily on the robust network of independent financial consultants to reel in the customers. Resources Trust later changed ownership when AIG sold it off to Fiserv Inc. Fiserv fought hard and paid a dear price to acquire this franchise from AIG. After all, Fiserv stood to gain immensely from the over 200K active clients with custodial assets worth billions at the Resource Trust Company.

 

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