LONDON and NEW YORK, Jan. 19, 2006 (PRIMEZONE) -- GlobeOp Financial Services (GlobeOp(r)), a provider of fund administration and related support services for hedge funds, fund of funds, and high net worth family wealth offices, today announced the appointment of Roger Ohan as Director - GoMarkets, GlobeOp's new electronic trading and connectivity platform. Ohan brings more than 20 years of financial services experience to the new position. He will be based in GlobeOp's London office and will work with Ed Condon, Director of GlobeOp Markets.
"Roger's breadth of market and product experience will be an important component of the roll out for GoMarkets to the financial community," Condon said. "He has been instrumental in building businesses both within large organizations and as stand alone entities, and his drive is well matched to GlobeOp's."
Ohan added, "The GlobeOp Markets team is developing a variety of products to allow clients to implement front office to back office STP and increase trading efficiency electronically. I am impressed with the quality, power and versatility of GoMarkets, and look forward to introducing it to GlobeOp's clients worldwide."
Ohan has served as a consultant to the financial services industry, as well as held a number of senior posts with financial services organizations, including Managing Director with Chemical Bank and Partner with Brunswick Capital Management Inc. He earned a bachelor's degree in electrical engineering from the University of Ottawa and a master's of business administration degree from INSEAD.
About GlobeOp
GlobeOp Financial Services specializes in middle- and back-office support services and fund administration for hedge funds, funds of hedge funds, asset 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.
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. Although GFS believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, such as competition, loss of clients or a reduction in business received from clients, failure to retain key management and employees, success of new services, reputational harm, disruption of crucial computer and communications systems, regulation, pending, threatened or future legal proceedings, general economic conditions and other factors, including those impacting the hedge fund industry generally, such as changes in the market environment, decreased growth rates and industry consolidation, could cause actual results to differ materially from GFS' expectations. 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. 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.