GlobeOp and Local Officials Dedicate Hartford, CT, USA Office

05 November 2007

GlobeOp Financial Services, a leadingfinancial technology specialist headquartered in New York and London, today celebrated the dedication of its Hartford, Conn. office with Lt. Governor Michael Fedele, local officials and employees.

GlobeOp offers automated, integrated, technologically advanced middle- and back-office services and fund administration for hedge funds, fund managers, family wealth managers and institutional investors.

The dedication event included tours of the new office, an official proclamation from the State governor, and remarks from Connecticut Lt. Governor Michael Fedele and Vernon Barback, GlobeOp president and chief operating officer.

“GlobeOp’s clients will see a direct benefit from the addition of our Hartford office as we continue to enhance our North American service capabilities,” said Vernon Barback. “We have been impressed with the caliber of employees we have recruited thus far, and believe that by accessing a local workforce recognized for strong financial skills we are further reinforcing our robust, international client service network. We also want to express our appreciation for the support we have received. The State, the City of Hartford, the MetroHartford Alliance and our local building development partners have been instrumental in the investment in, construction of and recruitment for our Hartford office.”

“Connecticut is recognized as a center for financial institutions, and GlobeOp’s investment in the State and in the Hartford office signals the further expansion of the hedge fund industry in the region,“ said Lt. Governor Michael Fedele. "It is a pleasure to see the office already well established, staffed by highly skilled local employees and working closely with clients and GlobeOp's international network. On behalf of Governor Jodi Rell and the State, I thank them for their investment, congratulate them on this milestone and wish them much success as contributors to the future growth of the financial services industry in Connecticut.”

Fedele added, “The dedication of GlobeOp’s office in Hartford reflects successful collaboration between the company and several state and local organizations. We would like to recognize the support of Hartford Mayor Eddie Perez and his office; Susan Winkler, executive director of the insurance and financial services cluster; and Oz Griebel, president and chief executive officer of the MetroHartford Alliance, and his office.”

GlobeOp’s Hartford office strengthens a global service network that spans three continentsand includes offices in New York, London, Mumbai and Cayman. The 20,000 square foot Hartford office is designed to accommodate future growth; it currently houses 40 employees, with a capacity of approximately 150.

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