Press Releases - 2004
Vernon Barback joins GlobeOp Financial Services as President and COO
26 Feb 2004
New York and London – February 26, 2004 – GlobeOp
Financial Services (GFS), a leading provider of fund administration
and related support services for hedge funds, fund of funds and
high net worth family wealth offices, today announced that Vernon
Barback will join the company as President and Chief Operating
Officer effective March 1, 2004.
Barback, 47, brings to GlobeOp more than 25 years of experience in
the capital markets, most recently as Global Head of Operations and
Technology for Citigroup Asset Management. “Vernon’s
outstanding background in global operations management, business
development and technology skills enhances our management team and
underscores GlobeOp’s commitment to our clients as we
continue to expand our business,” said Hans Hufschmid,
Chairman and Chief Executive Officer. “This addition reflects
our focus on providing solutions to the hedge fund industry in a
fast-paced environment of technological, structural and regulatory
change.”
In his four years at Citigroup Asset Management, Barback developed
and implemented strategies to increase assets under management,
improve operations, rollout new products, advance technology, and
serve customers. After September 11, 2001, he led the disaster
recovery at the principal recovery site when the operation’s
head office at the World Trade Center was destroyed. Earlier, he
served as Head of European Operations for Citigroup Asset
Management.
Prior to Citigroup, Barback capped a 22-year career at Bankers
Trust/Deutsche Bank as Head of Operations, Europe, where he oversaw
the successful Euro conversion and co-headed global integration
during the acquisition by Deutsche Bank. Previous positions at
Bankers Trust included leading complex acquisition and operations
integrations, leading the investment management fixed income
division, serving as president of Japan Bankers Trust, and
developing the firm’s first hedge funds business.
Barback holds Bachelor of Arts and Master of Arts degrees in economics from Cambridge University, England.
About GlobeOp
GlobeOp Financial Services specializes in state-of-the-art middle- and back-office support services and fund administration for hedge funds, fund managers and high net worth family wealth managers. GFS provides independent services essential to the successful operation of private investment entities with activities ranging across a wide spectrum of traded instruments. The firm’s GlobeOp Risk subsidiary provides independent risk reporting and quantification to investors, creditors and managers. Company expertise is drawn from the senior levels of international banking and fund management and encompasses a wide range of relevant experience. More information about GlobeOp Financial Services can be found at www.globeop.com.
Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995
Statements made in connection with this news release that are not historical fact, such as forwardlooking statements concerning future performance and growth, involve risk and uncertainties and are subject to various factors that could cause actual results to differ materially from those set forth in the forwardlooking statements. Any forward-looking statements represent the best judgment of GlobeOp Financial Services as of the date of this release. GlobeOp Financial Services disclaims any intent or obligation to update any forward-looking statements.
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