NEW YORK, Jan. 6, 2005 (PRIMEZONE) -- GlobeOp(r) Financial Services (GFS(SM)), 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 Greg Stockett has joined the company as Chief Financial Officer, a new position. Additionally, Stockett has been named to GlobeOp's management committee.
"With this appointment, GlobeOp further strengthens the depth of its management team consistent with the growth path we have established," said Hans Hufschmid, GFS chairman and chief executive officer. "We look forward to benefiting from Greg's strong background in technology-driven financial services. In particular, we believe Greg's experience with larger growth-oriented global companies made him the right candidate for our long-term objectives."
Stockett, 38, will principally work from GlobeOp's Harrison, New York offices.
He previously served as executive vice president and chief financial officer for BARRA, Inc., a provider of risk analytics to the investment management industry. Stockett joined BARRA in 1996 as vice president finance and administration, and was most recently responsible for financial strategy, mergers and acquisitions, and investor relations. In June 2004, BARRA was sold to Morgan Stanley and now operates as a unit of Morgan Stanley Capital International.
Stockett began his career with Deloitte & Touche LLP in the San Francisco office's financial services group. During his tenure there, Greg served many major financial and technology industry clients. He holds a bachelor of science degree from the Haas School of Business at the University of California, Berkeley.
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.
GlobeOp, GFS, www.globeop.com, and GlobeOp's "G" logo are trade and service marks of GlobeOp Financial Services and are used throughout the world. The GlobeOp service mark is registered in the United States and the European Union; the GFS trade and service mark is registered in the European Union; GlobeOp's "G" logo is registered in the European Union. In addition, all other content, trademarks, service marks, trade names, logos, and icons are proprietary to GlobeOp Financial Services, SA or its affiliates, licensors or agents. Nothing contained in this news release or on GlobeOp's Web site should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trade or service mark displayed in this news release or on GlobeOp's Web site without the written permission of GlobeOp Financial Services, SA. Use of the trade and/or service marks displayed in this news release or on GlobeOp's Web site, or any other content found in this news release or found on GlobeOp's Web site, except as provided herein, is strictly prohibited. All other products or company names herein may be trade and/or service marks of their respective owners.