NEW YORK and LONDON, Oct. 9, 2006 (PRIMEZONE) -- GlobeOp Financial Services (or GlobeOp(r)), a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms -- including banks, insurance companies, pension funds and proprietary traders, today announced the appointment of Martin Veilleux as chief financial officer. Veilleux also has been named to GlobeOp's management committee and will be based in the Manhattan office.
"Marty's extensive financial management and business planning experience in leading-edge technology products and business process outsourcing will be a valuable addition to GlobeOp's management team," said Hans Hufschmid, GlobeOp chairman and chief executive officer. "We look forward to his contributions as GlobeOp continues to grow with new service and efficiency innovations that support our clients' trading activities."
Veilleux, 44, brings more than 20 years of financial management experience in high-tech and service industries to GlobeOp. Veilleux most recently served as chief financial officer, treasurer and corporate secretary at NaviSys, a privately held provider of software solutions to leading U.S. life insurance companies. NaviSys was acquired last month by Accenture. Prior to joining NaviSys, Veilleux held CFO and other senior finance positions with both public and private companies, including MarketSource Corporation, Boron, LePore & Associates, Inc. and Concurrent Computer Corporation.
A certified public accountant, Veilleux began his career at Arthur Andersen & Company in Dallas, Texas, and holds a bachelor's in accounting from the University of Texas at Austin.
About GlobeOp Financial Services
GlobeOp(r) is a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms -- including banks, insurance companies, pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp for access to seamless, reliable Web-based accounting and valuation, processing and settlement services, investor relations, shareholder records and reporting. Partnering with GlobeOp reduces technology investments and operational risks, and focuses client resources on asset generation and portfolio management. GlobeOp's innovative, robust yet flexible technology is available either as a complete solution or can be tailored to specific customer requirements. Established in 2000, GlobeOp today serves a growing base of diverse international clients with more than $110 billion in assets under management. Headquartered in London and New York, GlobeOp employs 1,500 people on three continents; offices are also located in George Town, Cayman Islands; Harrison, N.Y. and Hartford, Conn., U.S.A.; and Mumbai (Bombay), India. www.globeop.com
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Statements in this news release may constitute "forward-looking statements." Such forward-looking statements may include, without limitation, statements about future performance, growth and strategy. Forward-looking statements are based on current expectations and assumptions and inherently involve risk and uncertainties. Accordingly, actual results may differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, 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, natural disasters, 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. GlobeOp disclaims any intent or obligation to update any forward-looking statements.
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