Barback joins GlobeOp as president and chief operating officer
26 February 2004 | 2250 views | 0
Vernon Barback, most recently global head of operations and technology for Citigroup Asset Management, has been appointed president and chief operating officer of fund administration outfit GlobeOp Financial Services.
In his four years at Citigroup Asset Management, the 47-year old Barback developed and implemented strategies to increase assets under management, improve operations, rollout new products, advance technology, and serve customers. After 11 September, 2001, he led the disaster recovery at the principal recovery site when the operation's head office at the World Trade Center was destroyed. Earlier, he served as head of European operations for Citigroup Asset Management.
Prior to Citigroup, Barback capped a 22-year career at Bankers Trust/Deutsche Bank as head of operations, Europe, where he oversaw the successful euro conversion and co-headed global integration during the acquisition by Deutsche Bank.
Hans Hufschmid, chairman and CEO, GlobeOp says: "This addition reflects our focus on providing solutions to the hedge fund industry in a fast-paced environment of technological, structural and regulatory change."