NEW YORK and LONDON, March 31, 2004 (PRIMEZONE) -- 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 Michael Neeley has established the firm's new Bay Area office in San Rafael, California and will head sales in the western states.
Neeley, 52, brings more than 20 years of financial administration and management experience to GlobeOp, most recently as Managing Director and Treasurer of Banc of America Securities LLC.
"GlobeOp recognizes the explosive growth in the hedge fund industry in the western United States and is very pleased Michael has joined us to establish and lead our new west coast office," said Hans Hufschmid, Chairman and Chief Executive Officer. "We believe Michael's industry knowledge and experience will enable him to identify significant opportunities for GlobeOp's products and services."
Neeley's extensive trading experience includes managing the Bank of America dealer trading desk for U.S. Treasury Securities, a position he held prior to being named Treasurer. Previously, Neeley garnered several years of arbitrage experience at Salomon Brothers, where he helped establish the London arbitrage trading operations. Neeley began his career at Bank of America, working in the investment division as a trader and, subsequently, trading desk manager.
Neeley earned a Bachelor of Science degree in finance and business administration at the University of Illinois.
GlobeOp's northern California office is located at 4040 Civic Center Drive, Suite 200, San Rafael, CA 94903, telephone: +1 415-492-2895.
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.
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