Wine asset management company Vintrust has opened a branch in New York.

The California-based company announced yesterday (24 October) that it has begun operations at the new wine storage and inventory facility, which will serve New York and the entire north-eastern US.

Vintrust now has facilities in both Napa and New York, which offer wine collectors private, temperature-controlled storage for their wine portfolios.

"We're seeing tremendous demand for our services from wine collectors, and the New York Tri-State area is one of our biggest markets," said Vintrust CEO and founder André de Baubigny. "While physical storage resources are important to our clients, we also have substantial interest from our customers for other services such as our proprietary wine inventory, tracking and management system, our wine acquisition services and our professional sommelier advisory services."

Vintrust was founded in 2003 by de Baubigny, a former investment banker and attorney, and Timothy Komada, a former technology executive and management consultant.