Editor's Pick: Markets: The week that was (16-20/11/09)
(GO-.L) GlobeOp Financial Services SA Buy/Sell
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| Date/Time | Headline | Source |
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| 17-11-09 | RNS |
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RNS Number : 6306C GlobeOp Financial Services S.A. 17 November 2009 Mereor Absolute Return Fund selects GlobeOp for fund administration services LONDON, NEW YORK, PARIS - 17 November 2009 - Mereor Absolute Return Fund, which focuses on merger and credit arbitrage strategies, has selected GlobeOp Financial Services (LSE: GO) as its full-service fund administration provider. The fund is advised by Mereor Investment Management and Advisory SAS ("Mereor"), a Paris-based investment management firm, and is scheduled to launch in January 2010. Mereor founding partner, Georges Gedeon, commented: "In today's highly volatile climate, transparency, independent portfolio valuation and timely reporting are of paramount concern to fund managers and their investors. With GlobeOp we can offer our investors advanced web-based performance reporting and investment information to supplement more traditional regular reporting channels. Mereor's combination of merger arbitrage and credit strategies - which we believe represents a unique investment approach - requires stable middle- and back-office support for a broad product set, integrated daily reporting and future growth. GlobeOp's recognized ability to understand the unique nuances of merger arbitrage and credit strategies was a determining factor in selecting them as our administrator." Mereor's co-founding partner, Jean-Luc Biamonti, added that GlobeOp's full service capabilities offer a significant advantage. "It is very important that our fund administrator is able to support us with an integrated middle-office, fund accounting and investor relations service. GlobeOp has shown a true understanding of our business model, our trading strategies and the scale and flexibility necessary to accommodate our growth. Their independence and operational strength is further supported by SAS 70 Type II certification. GlobeOp's reporting capability and system openness is impressive and anticipates our investor needs." "As fund managers identify new investment opportunities in the evolving financial market, there is also a strengthened requirement for an integrated operational, risk and investor reporting infrastructure," said Vernon Barback, GlobeOp president and chief operating officer. "We look forward to supporting Mereor with the flexible services and robust infrastructure its strategy and investors require." -- ends-- Notes to Editors About Mereor Investment Management and Advisory Mereor Investment Management and Advisory SAS ("Mereor") is a Paris-based asset management firm focused on merger arbitrage and credit strategies. Mereor's founding partners are Georges Gedeon (a former asset manager at GLG Partners and an executive director in Investment Banking at Goldman Sachs), Jean-Luc Biamonti (formerly a partner in Investment Banking at Goldman Sachs, who co-headed the France and Belgium region and then the European Consumer Retail group), and Philippe Gedeon (formerly head of Fixed Income and Structured Products distribution for the MENA region at Daiwa and then head of Equity Derivatives distribution for the MENA region at Citigroup). About GlobeOp Financial Services GlobeOp Financial Services (LSE:GO.) 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, mutual & pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp serves over 180 clients worldwide, representing $100 billion in assets under administration (AuA). With headquarters in London and New York, GlobeOp employs more than 1,500 people on three continents; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison and Yorktown Heights, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com © 2009 - GlobeOp Financial Services LLC (GlobeOp). All rights reserved. GlobeOp and the GlobeOp "G" are trade and service marks of GlobeOp and its affiliates Media Contacts Mereor Philippe Gedeon Mereor +33 1 55 74 01 04 pgedeon@mereorima.com GlobeOp Financial Services Nick Bird Metia +44 20 3100 3738 Nick.Bird@metia.com Sheryl Lee Metia +1 917 320 6462 Sheryl.lee@metia.com This information is provided by RNS The company news service from the London Stock Exchange END
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| 11-11-09 | RNS |
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RNS Number : 3544C GlobeOp Financial Services S.A. 11 November 2009
BOARD CHANGES LONDON, NEW YORK - 11 NOVEMBER 2009 - The Board of GlobeOp Financial Services S. A. ("GlobeOp" or the "Company") (LSE: GO.) today announces the appointment of Vernon Barback, president and chief operating officer of GlobeOp, to the Board. His appointment as an executive director will become effective on the 1st December 2009. GlobeOp also announces that Rory Brooks, currently non-executive director, will step down from the Board with effect from 1st December 2009. Vernon Barback has extensive experience in the financial services sector. Prior to joining GlobeOp in 2004, he was global head of operations and technology at Citigroup Asset Management, responsible for increasing assets under management, improving operations, the rollout of new products, and the advancement of technology. Vernon began his tenure at Citigroup Asset Management as head of European operations. Previously, he spent 22 years at Bankers Trust/Deutsche Bank, where he was appointed managing director and served in a series of successively important management positions, including head of operations for Europe. Commenting on the appointment, Edward Annunziato, chairman of GlobeOp, said: "I am pleased to welcome Vernon to the Board. He brings significant experience and a strong track record in the financial services sector. Since joining GlobeOp as chief operating officer, Vernon has played a key role in establishing the company as a market leader in business process outsourcing. I would also like to thank Rory Brooks for his services to the Board and contributions in shaping the company's strategy and development in the past nine years." Vernon Barback said: "I am honored to be joining GlobeOp's Board. The company is uniquely positioned as fund managers, investors and financial institutions demand increased transparency and reporting independence, as well as stronger process controls and lower cost structures. I look very much forward to continuing to contribute to the growth of the company."
Enquiries Brunswick Group: Gill Ackers / Roberta Governale +44 (0)20 7404 5959 Notes to Editors About GlobeOp Financial Services GlobeOp Financial Services (LSE:GO.) 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, mutual & pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp serves over 180 clients worldwide, representing $100 billion in assets under administration (AuA).With headquarters in London and New York, GlobeOp employs more than 1,500 people on three continents; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison and Yorktown Heights, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com <HR>--------------------------------------- This information is provided by RNS The company news service from the London Stock Exchange END
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| 04-11-09 | RNS |
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RNS Number : 9229B GlobeOp Financial Services S.A. 04 November 2009
GlobeOp offers hedge funds full Advent Geneva hosting & conversion support NEW YORK, LONDON - 04 NOVEMBER 2009 - GlobeOp has launched hosted services for Geneva, Advent's award-winning portfolio management and fund accounting solution, offering hedge funds a scalable, proven outsourcing solution that can reduce both fund time to market and execution risks. Customized hosted and full platform conversion services are available on a standalone basis or integrated within GlobeOp's middle- and back-office, fund administration and managed services packages. "GlobeOp is uniquely positioned to support hedge fund managers seeking a hosted Gezneva solution as an alternative to building and maintaining their own IT infrastructure," said Ron Tannenbaum, GlobeOp co-founder. "As one of Advent's largest single customers, GlobeOp deploys significant in-house technical expertise to support one of the largest Geneva databases outside Advent. We produce more than 25,000 daily Geneva reports for our clients. In addition, GlobeOp has completed more than 200 conversions from a broad range of systems to Advent Geneva- including an $8 billion client." GlobeOp's hosted Geneva services enable clients to outsource systems infrastructure, tasks and personnel requirements while reducing operational costs and risk. Data center facilities and hardware monitoring are provided within GlobeOp's two active-active, SAS 70 Type ll-environment data centers. Hosted service packages can be customised to respond to a range of business requirements. GlobeOp offers a flexible service model that can include system conversions, hosting, security master maintenance, position valuations, reporting, on-site support, disaster recovery and reconciliation to fund administrators, prime brokers and counterparties. GlobeOp's experience converting hedge funds to Geneva creates a comprehensive hosted solution for leveraging Geneva benefits that include real-time investment portfolio views, customisable and flexible reporting tools, extensive investment coverage, and improved operational structure and cost management. "Geneva is the gold standard for hedge fund and alternative investment accounting," said Tom Zdon, vice president of Business Development at Advent. "This exciting new strategic relationship with GlobeOp increases the potential for firms of all sizes and strategies to leverage Geneva to improve their operations, reduce risk, and increase top line revenue. Geneva is ideally suited for delivery in a hosted environment, offering clients lower implementation risk, faster conversion times, and reduced need to manage technology and integration in-house." --ends-- Notes to Editors About GlobeOp Financial Services GlobeOp Financial Services (LSE:GO.) 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, mutual & pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp serves over 180 clients worldwide, representing $100 billion in assets under administration (AuA).With headquarters in London and New York, GlobeOp employs more than 1,500 people on three continents; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison and Yorktown Heights, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com About Geneva Geneva, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. Geneva offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information on Geneva® visit https://secure.advent.com/info/pr_geneva. About Advent Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Firms in 60 countries rely on Advent technology to run their mission-critical operations. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr. © 2009 - GlobeOp Financial Services LLC (GlobeOp). All rights reserved. GlobeOp and the GlobeOp "G" are trade and service marks of GlobeOp and its affiliates Media Contacts GlobeOp Financial Services: Natalie Shamshoum Team 660, Metia +44 20 3100 3655 natalie.shamshoum@metia.com Sheryl Lee Metia +1 917 320 6462 Sheryl.Lee@metia.com Advent:
EMEA Paul Watthey +44 20 7631 9240 paul.watthey@advent.com
US Jessica Miller +1 415 645 1853 Jessica.miller@advent.com
This information is provided by RNS The company news service from the London Stock Exchange END
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| 02-11-09 | RNS |
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RNS Number : 7267B GlobeOp Financial Services S.A. 02 November 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
of existing shares to which voting rights are
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of qualifying financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial
instruments
An event changing the breakdown of voting rights
Other (please specify):
notification obligation: iii
(if different from 3.):iv
which the threshold is crossed or
reached: v
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
if possible using
the ISIN CODE
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi TA Associates, Inc.'s position is held within the following funds: TA IX, L.P. Ordinary Shares: 13,009,603 B Beneficiary Certificates: 9,430,305 TA/Atlantic and Pacific IV, L.P. Ordinary Shares: 3,250,816 B Beneficiary Certificates: 2,356,428 TA Strategic Partners Fund A, L.P. Ordinary Shares: 265,953 B Beneficiary Certificates: 192,783 TA Strategic Partners Fund B, L.P. Ordinary Shares: 48,094 B Beneficiary Certificates: 34,862 TA Investors LLC Ordinary Shares: 259,974 B Beneficiary Certificates: 188,447
Proxy Voting:
to hold:
voting rights:
This information is provided by RNS The company news service from the London Stock Exchange END
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