Brad Bernstein Joins FTVentures as Partner.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--May 1, 2003 FTVentures -- Former Oak Hill Partner Joins Firm Focusing on Business Services and Software for Global Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Industry -- Sees Unique Network as Strong Competitive Advantage in Private Equity Brad Bernstein, 36, has joined FTVentures, the San Francisco-based private equity firm that primarily invests in companies that provide services and technologies vital to the financial services industry. He most recently managed the Business and Financial Services Group as a Partner at Oak Hill Capital Management, where he specialized in outsourcing, marketing, technology-enabled and insurance services. Bernstein will lead the Business Services Investment Team at FTVentures and manage the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office. This newly-created office will establish a closer proximity to many limited partners and broaden FTVentures' efforts to proactively source unique investment opportunities. Bernstein has already worked closely with FTVentures. In November, he successfully led a team consisting of Oak Hill, FTVentures and company management to acquire Exlservice, a leading India-based business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in company. Bernstein currently serves on the Exlservice Board of Directors. "FTVentures has a potent competitive advantage in its global financial industry network and knowledge-base," explained Bernstein. "Their limited partners, consisting of 38 of the world's leading financial institutions, provide an essential reality check on service and technology needs. This ongoing dialog with the limited partners enhances diligence and decision-making on new investments. In a highly competitive private equity market, FTVentures is extremely well-positioned due to its exceptional network and expertise, and I am very excited to be part of this firm's future." "Brad brings to this firm a proven track record with a tremendous list of accomplishments. His expertise in the expanding business services market as well as his extensive contact base is a perfect fit with FTVentures' strategic focus," said James Hale, FTVentures Managing Partner. Prior to the formation of Oak Hill Capital Management, Brad was a Managing Director at Oak Hill Partners, which he joined in 1992. He began his private equity career with Patricof & Company Ventures. Bernstein graduated magna cum laude from Tufts University with a BA in International Relations. Bernstein joins FTVentures partners James Hale, Bob Huret, Richard Garman, Bob Barrett and David Haynes. About FTVentures Founded in 1998, FTVentures was the first private equity firm in the U.S. to focus on technologies that benefit the global financial services industry. FTVentures now has over $623 million in total capital under management and is a leading investor in information technologies. FTVentures invests primarily in private companies developing products and services in software and business services, with a particular emphasis on companies that enable financial institutions worldwide to expand and to operate more efficiently. FTVentures' investors are 38 of the world's leading financial institutions and include AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group , Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , BNP Paribas, Charles Schwab, Citigroup, Credit Suisse Group, Deutsche Bank, DBS Bank, GE Capital, HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) Holdings, Key Principal Partners, National City, Skandinaviska Enskilda Banken SEB or Skandinaviska Enskilda Banken AB, is a North-European financial group for corporate customers, institutions and private individuals. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations. (SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare staphylococcal enterotoxin B ), Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 , US Bancorp and Wells Fargo. FTVentures-backed companies include 7-24 Solutions, Financial Engines, Corillian, Exlservice, Mavent, Integrated Decision Systems, Managed Objects, Banter, Vernier vernier (vûr`nēr), auxiliary scale, either straight or an arc of a circle, designed to slide along a fixed scale. Its unit divisions, usually smaller than those on the fixed scale, permit a far more precise reading. Networks, Verus Financial Management, Caplin Systems, Xign, CapitalStream, e-Security, E-LOAN, Synchrologic, ValuBond, ValiCert, and ClearCommerce. |
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