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News
OF NEW SENIOR EXECUTIVES NEW YORK CITY, March 28, 2002 – The Globecon Group today announced the appointment of two executives to its senior management team and the relocation of its U.S. executive headquarters to midtown Manhattan in the heart of New York City’s business district. Patrick Pancoast has been appointed Managing Director and President of Globecon Europe with additional responsibilities to include directing all product and services delivery. Martin Volerich has been appointed Chief Operating Officer and Chief Technology Officer with responsibility for all functions that support the company’s global products and services. Mr. Pancoast and Mr. Volerich will both report directly to Paul Siegel, the Chairman and CEO of The Globecon Group. “Patrick and Martin are ideal additions because they each have extensive banking and financial service experience, and proven skills listening and responding to clients’ needs, said Mr. Siegel. “We are returning to the highly consultative role that Globecon has played with financial institutions for 21 years, and I could not have asked for more capable professionals to meet this mandate.” Mr. Pancoast has been affiliated with The Globecon Group since 1987. While he is a U.S. citizen, he has been based in Europe since 1991. Mr. Pancoast is an authority on derivative products and capital markets and has worked with major banks to design, develop and implement a broad range of professional development programs for dealing room professionals including risk and portfolio managers, salesmen, traders and senior managers. Earlier in his career, Mr. Pancoast served as Director of Product Education for Barclays Capital for four years, where he developed, implemented and taught worldwide capital markets programs within that bank. He also founded and managed a capital markets professional development boutique called Market Abilities Unlimited Inc., where he advised and helped to train capital markets and technology professionals in many of the world’s major banks. Mr. Pancoast has an MBA from Thunderbird International School of Management and earned his B.A. from Ohio State University. “Globecon will continue to expand its international operations with our new office opening in London shortly. We expect that about one-half of our business will be international into the foreseeable future,” Mr. Pancoast said. “Banks are more transaction and fee oriented today, and capital markets, asset management and risk management are now necessarily part of their core offerings.” He added, “We will be emphasizing capital markets, asset management and risk management content, workshops, simulation environments and online services to this specific audience.” Mr. Volerich has focused on investment and commercial banking, and insurance information technology and services throughout his 17-year career. Immediately prior to joining Globecon, Mr. Volerich, a British national, served as Associate Director at Plural, an information technology professional services firm specializing in ebusiness consulting, application development and solution integration. While there, he managed large teams of business and technology professionals working on some of the largest financial services ebusiness initiatives in the world. Earlier in his career, Mr. Volerich provided strategic technology and architectural consulting advice to European banks and insurance companies as a Client Systems Architect for Pontis Consulting in Great Britain. He also served as a senior manager at the Miller Insurance Group within the Lloyds of London insurance market. Mr. Volerich received his B.A. Hons in Economics with high honors from the University of Manchester. He is a Fellow of the Institute of Chartered Accountants of England and Wales. "My focus will be to build on Globecon’s massive financial services content library that is in digital and print format. We will be rapidly making that content more interactive, more personally relevant to the user, more up-to-date and more localized for the many countries in which our clients operate, said Mr. Volerich. “Additionally, we will be rapidly implementing learning plan and professional development technologies that link the skills and competencies of our client’s workforce to those needed to complete the tasks and jobs for our client’s tactical and strategic objectives. We will be using technology as a tool rather than an end in and of itself to help clients improve the personal and professional development of their staff, lower their costs of training and development and improve staff retention.” Regarding Globecon’s office move to midtown Manhattan, Mr. Siegel said, “We are committed to New York and our financial service clients here. Despite many productive years downtown, our investors and team felt it no longer made sense to remain there.” About Globecon Globecon is the world’s leading provider of professional development for financial service executives. For over 21 years, the company has developed, delivered and supported the leading financial services content, workshops and e-learning programs, delivering hundreds of specialized and custom programs to thousands of executives annually. As the number and variety of financial products and services has exploded, Globecon has made its programs available to commercial and investment banks, trading operations, insurance companies and asset managers. The company’s intent is to satisfy the growing need for institutions to increase and coordinate the cross selling of products and services both nationally and globally. For more information about Globecon, visit www.globecon.com. For further information, please contact Helen Bennett by telephone at 212-608-1160 x135 or by email at helen@starweaver.com.
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