FTVentures Names O’Neill, Ryan, Sheehan and Staglin to Advisory Board
Industry leaders in financial, technology and venture fields add expertise to growing private equity firm
Tuesday, February 22, 2005
San Francisco, CA – Michael O’Neill, Philip Ryan, Dennis Sheehan and Garen Staglin have been named to the Advisory Board of FTVentures, a private equity firm providing venture and growth capital to software, business services and transaction processing companies (www.ftventures.com).
O’Neill, 58, served as Chairman of the Board and CEO of Bank of Hawaii Corporation and its principal subsidiary, Bank of Hawaii, from November 2000 to August 2004. Under his leadership the company successfully completed a three-year strategic plan to improve operating performance and profitability, and completed a major systems conversion that increased the institution’s efficiency. During O’Neill’s tenure the bank’s share price quadrupled from $11.25 to $47.48 (as of August 31, 2004). While at Bank of Hawaii, O’Neill served as a District Member of the Federal Reserve Advisory Council, and on the boards of the American Diabetes Associations and the Hawaii Community Reinvestment Corporation. His current board memberships include the Honolulu Academy of Arts, Honolulu Symphony and Hawaii Pacific University.
Ryan, 48, is currently on sabbatical having stepped down in August 2004 from his position as Chief Financial Officer and Executive Board Member of Zurich-based Credit Suisse Group, a leading global financial services company. Prior to assuming his current role in 1999, Ryan was Managing Director and Chief Financial Officer of Credit Suisse Asset Management, a premier international asset management firm. Ryan has held management and investment banking positions with Credit Suisse Group and its predecessors for 19 years.
In addition to his appointment to the Advisory Board, Sheehan, 49, has joined FTVentures as a Senior Advisor and will be working on investment opportunities with FTVentures’ Business Services team in New York. He is currently an adjunct professor at the Graduate School of Adelphi University. He was formerly the President and CEO of The BISYS Group, Inc., a leading business-process outsourcing company for the financial services industry that provides outsourcing, back office and third party services to more than 22,000 financial institutions and corporate clients in the US, Western Europe, Bermuda and the Caymans Islands.
Staglin, 60, has been involved in venture capital and the management of information technology companies since 1971. He is currently Chairman of Encorus Technologies, an operating company of eONE Global, a company that identifies, develops, and operates emerging payment systems and related technologies. Prior to this position he served as president and CEO of eONE Global from 2001 to 2004. Staglin has been a director for several public and private companies, including First Data Corporation, which he served from 1992 to 2001. He is currently an advisor to the CEO of First Data on Internet technology. Staglin, a founder of Staglin Family Vineyards in Rutherford, California, currently serves on the Advisory Board of the Cambridge Business School (Judge Institute) and formerly served on the advisory boards of the Stanford Graduate School of Business and the UCLA Venture Capital Fund.
FTVentures is a private equity firm focused on software, business services and transaction processing companies. The firm provides venture capital as well as growth capital for build-ups, recapitalizations, and spinouts. FTVentures’ unmatched global financial services partner network-including 37 of the world’s leading financial institutions-provides the firm with a unique vantage point into the business-driven IT and operating challenges of the global enterprise. Founded in 1998, FTVentures currently has $623 million under management. The firm has offices in San Francisco and New York.
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