GlobeOp Names Annemarie Gilly Director of Fund Services and to Operating Committee


NEW YORK, Sept. 9, 2004 (PRIMEZONE) -- GlobeOp(r) Financial Services (GFSSM), 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 Annemarie Gilly has joined the firm as director of fund services. Additionally, Gilly joins GlobeOp's operating committee.

"This appointment demonstrates GlobeOp's commitment to delivering the highest standard of service to our fund clients as well as to their customers as our company grows," said Hans Hufschmid, GFS chairman and chief executive officer. "With Annemarie's experience and expertise in client relationships and fund administration, Annemarie will not only oversee but also help shape services that are critical to our clients' customers and GlobeOp's success."

Gilly, 52, brings more than 20 years of financial industry and relationship management experience to GFS. As head of UK relationship management for The Bank of New York in London, she was responsible for more than 200 client relationships, including the largest UK hedge fund manager. Gilly also served as director of client services at Zweig-DiMenna Associates, LLC, where she managed client services for high net worth individuals and institutions. Among her other financial industry positions, Gilly was chief operating officer of The Gabelli Equity Trust, a New York Stock Exchange-listed closed-end fund, chief executive officer of ING Clarion Investors LLC, a real estate investment fund, and a partner of Gilly and Lazar Consulting, strategic consultants to managers and directors in the fund industry.

Gilly earned her Bachelor of Arts degree from Iona College in New Rochelle, New York.

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 GFS 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 forward-looking 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 forward-looking statements. Any forward-looking statements represent the best judgment of GFS as of the date of this release. GFS disclaims any intent or obligation to update any forward-looking statements.

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