Globeop Named European Hedge Fund Administrator of the Year

London, New York - 17 December 2009

GlobeOp Financial Services (LSE:GO.) has been named “European Hedge Fund Administrator of the Year” by Funds Europe magazine, the latest honour among a wide range that recognised the company throughout 2009.

The Funds Europe judges commended GlobeOp for its “commitment to improving service to customers, thereby adding value to the asset management industry”.

Hans Hufschmid, CEO of GlobeOp said: “In a year which challenged the business model and operational capabilities of many administrators, awards judged by industry peers and clients further reinforce GlobeOp’s continued commitment to service quality and investment in people, processes and technology.”

The Funds Europe award followed a number of prestigious awards and rankings for GlobeOp in 2009, including:

• In December, GlobeOp was judged a Leader in Innovation in the Financial-i magazine awards, in the data management/data storage category.

• In November, GlobeOp ranked 51st in the FinTech100. This revenue-based ranking by analyst house IDC Financial Insights is drawn from over 400 companies deriving more than a third of their revenues from financial services.

• Also in November, GlobeOp ranked eighth among the largest administrators in HFM Week’s bi-annual assets under administration (AuA) survey. It also ranked third among largest administrators by percentage growth.

• In September, Hans Hufschmid, GlobeOp CEO, was inducted into Global Custodian's Hall of Fame for his contributions to shaping today’s securities services industry.

• In August, ranked in the Global Custodian Global Top 10, GlobeOp earned 54 best-in-class awards. The annual survey is based on client perceptions of service quality, expertise and value. GlobeOp also secured top-of-class ratings among $1 billion plus and multi-strategy administrators.

• For its thought leadership in identifying new market fundamentals that would reshape the hedge fund industry following the collapse of Lehman Brothers, GlobeOp won the Public Relations Society of America (PRSA) Big Apple Award for integrated business-to-business communications in May. The initiative was also highly commended "as providing a guiding light for hedge funds" at the UK PR Week awards in October.

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