Tim Friday

President, Trust & Custody

Tim Friday is President of Trust & Custody at Ascensus. With more than 40 years of experience in the financial services industry, he leads Ascensus’ Trust & Custody, PensionPro, FiduciaryxChange, and ERISApedia businesses.

Tim’s career began with Federated Investors, Inc. where he worked with banks, savings and loans, and trust departments representing asset management and trust investment services. From there, he spent time with Mellon Bank in the global cash management division where he consulted for Fortune 500 companies.

Tim later founded Mid Atlantic Institutional Shares, Inc. ("MAIS"), which was subsequently sold to SunGard/FIS. He then co-founded Mid Atlantic Trust Company ("MATC"), which, along with several other Mid Atlantic Group companies, was sold to Parthenon Capital.

Tim was appointed to the Board of Directors and served as President and CEO of various retirement companies operating under the AmericanTCS brand.

With the acquisition of AmericanTCS in 2026, Tim joined the Ascensus Executive Leadership Team.

Tim received his bachelor's degree in Modern Languages from John Carroll University.