Olivier Sarkozy is the Founder and Managing Partner of Further Global and serves as the Chairman of the Investment Committee.
Prior to founding Further Global, from 2008 to June 2016, Mr. Sarkozy was a Managing Director at The Carlyle Group and head of Carlyle’s Global Financial Services group where he focused on investing in management buyouts, growth capital opportunities and strategic minority investments in financial services. Mr. Sarkozy previously served on the boards of BankUnited, Bank of Butterfield, TCW, Duff & Phelps and DBRS and currently sits on the board of Athena Art Finance.
Prior to joining Carlyle, Mr. Sarkozy was Global Co-Head of the Financial Institutions Group at UBS Investment Bank. He joined UBS in January of 2003, after spending 11 years at Credit Suisse First Boston, where he was a Managing Director in the Financial Institutions Group. While at UBS, he worked on many of the largest mergers in the U.S. financial industry, including, amongst others, advising Sallie Mae in its attempted $25 billion take-private transaction and subsequent recapitalization, Mellon on its $17 billion merger of equals with The Bank of New York, Charles Schwab on its sale of US Trust to Bank of America, MBNA on its $36 billon sale to Bank of America, Wachovia in its $14 billion acquisition of Southtrust, National Commerce in its $7 billion sale to Suntrust and Regions Financial in its $6 billion merger of equals with Union Planters. While at CSFB, Mr. Sarkozy advised Wachovia in its merger of equals with First Union and concurrent defense against a competing hostile proposal from Suntrust, Dime Bancorp in its merger with Washington Mutual, Corestates Financial in its sale to First Union, Wells Fargo in its merger with Norwest and Wells Fargo in its successful hostile acquisition of First Interstate. In addition, while at UBS, Mr. Sarkozy was involved in a number of important equity capital raising transactions, including CIBC’s $2.9 billion recapitalization and Sallie Mae in its $3.0 billion recapitalization. While at UBS, he also acted as lead advisor in a number of other notable transactions, including Dime Bancorp’s private placement of preferred and other equity securities to Warburg Pincus, as part of their successful defense against a hostile tender offer from North Fork and the recapitalization of Glendale Federal Bank, which at the time was the largest recapitalization in U.S. history.
Mr. Sarkozy received his Masters in Medieval History (with Honors) from St. Andrews University in Scotland
Richard Venn is a Partner of Further Global and serves as a member of the Investment Committee.
Prior to joining Further Global, Mr. Venn held a 40-year career with the Canadian Imperial Bank of Commerce (“CIBC”) where he led CIBC’s investment banking and merchant banking operations. Mr. Venn served for seven years as the Chairman and CEO of CIBC’s Canadian dealer and led CIBC’s Corporate Development Group for more than a decade. He was instrumental in the formation of CIBC Mellon and CIBC FirstCaribbean and served as a board member with those companies for many years.
Mr. Venn serves on the board of Element Fleet Management and is Chair of the Compensation & Corporate Governance Committee as well as a member of the Risk & Credit Committee. He was previously a board member of The Bank of Butterfield, DBRS, the credit rating agency, and more than 10 other companies. He currently serves on the Foundation Board of Mount Sinai Hospital and is past Chair of the United Jewish Federation of Toronto and the United Way of Greater Toronto
Mr. Venn received a BASc (Engineering Science) from the University of Toronto and completed his MBA at Harvard (Scholarship).
Susan Ciccarone is a Partner of Further Global and serves as a member of the Investment Committee.
Prior to joining Further Global, Ms. Ciccarone was Chief Financial Officer (since 2012) and Chief Operating Officer (since 2014) of Emerging Global Advisors (“EGA”), an emerging markets asset management company. Ms. Ciccarone was responsible for financial reporting, strategic planning, portfolio management and operations, human resources and investor relations for EGA. In addition, she led the sale of the company to Columbia Threadneedle Investments in 2016. Ms. Ciccarone was previously a Managing Director in Goldman Sachs’ Financial Institutions Group, where she focused on mergers and acquisitions and capital raising for financial institutions, and prior to that she was a senior banker in UBS’ Financial Institutions Group. Earlier in her career, Ms. Ciccarone was a senior auditor in Ernst and Young’s hedge fund practice and a manager in the Derivative Products Finance Group at Morgan Stanley.
Ms. Ciccarone is a Summa Cum Laude graduate of Villanova University with a B.S. in Accountancy, and a graduate of the University of Pennsylvania Wharton School’s MBA program.
Loren Felsman is a Senior Principal of Further Global and serves as a member of the Investment Committee.
Prior to joining Further Global, Mr. Felsman was a Managing Director and member of the Investment Committee at J.C. Flowers & Co. where he spent eight years focused on private equity investments in the Financial Services industry. While at J.C. Flowers, Mr. Felsman executed acquisition, asset purchase and minority investment transactions across a range of sectors including banks & thrifts, specialty reinsurance, insurance & retirement services and financial technology. Mr. Felsman most recently served as Chairman of the Board of Kreditech Holdings. He also served as Director of Kessler Group and Crump Group, and as Chairman of Ascensus, Inc. prior to its sale.
Prior to joining the firm in 2008, Mr. Felsman was an investment banker in the Financial Institutions Group at Citigroup Global Markets focused on insurance and asset management clients. His career began as a Financial Analyst in Swiss Re’s Property & Casualty Americas division before joining Fox-Pitt, Kelton’s Financial Institutions Group as an Investment Banking Analyst. He proudly served with the NY Air National Guard for nine years.
Mr. Felsman received a B.S. from the School of Industrial and Labor Relations at Cornell University.
Max Baumrin is a Principal of Further Global.
Prior to joining Further Global, Mr. Baumrin was an investment professional in The Carlyle Group’s Global Financial Services private equity practice, where he focused on buyouts, privatizations, recapitalizations and strategic minority investments within the financial services sector globally. After joining Carlyle in 2012, Mr. Baumrin was actively involved in the execution and management of many of Carlyle’s investments across various sub-sectors including asset management, business services, insurance brokerage, financial technology, capital markets, depository and specialty finance.
Prior to joining Carlyle, Mr. Baumrin was at Goldman Sachs Asset Management where he was a Senior Analyst on the U.S. Value Equity Team, which was responsible for managing a diverse portfolio of strategies with over $30 billion in AUM.
Mr. Baumrin received his B.S. in Business Administration from the Marshall School of Business at the University of Southern California.
Marc Abousleiman is an Associate at Further Global.
Prior to joining Further Global, Mr. Abousleiman was an analyst at The Raine Group, a merchant bank advising and investing across the technology, media and telecom sectors. While at Raine, Mr. Abousleiman worked on a variety of advisory transactions and investment opportunities, including advising portfolio company Vice on a $450mm capital raise from TPG.
Mr. Abousleiman graduated with honors from Harvard College, receiving his B.A. in Computer Science with a secondary field in Economics.
Geoffrey Beattie is a Senior Advisor to Further Global.*
Mr. Beattie received a law degree from the University of Western Ontario and served as a partner in the Toronto law firm Torys LLP before joining The Woodbridge Company Limited, where he served as president from 1998 through December 2012. The Woodbridge Company Limited is a privately held investment holding company for the Thomson family of Canada and the majority shareholder of Thomson Reuters, where Mr. Beattie served as deputy chairman from 2000 through May 2013 and director from 1998 through May 2013.
He has served as chief executive officer of Generation Capital since September 2013, and he has served as chairman of Relay Ventures since June 2013. He also serves as a member of the board of directors of General Electric, Royal Bank of Canada (where he serves as the chairman of the Risk Committee), Maple Leaf Foods Inc., Acasta Enterprises and DBRS, Inc. and, previously served as the Chairman of GE Capital. In addition to his board memberships, Mr. Beattie is a trustee of the University Health Network in Toronto.
Paul R. Garcia is a Senior Advisor to Further Global.*
Mr. Garcia became Chief Executive Officer of NDC’s Atlanta-based eCommerce line of business in June 1999. NDC eCommerce began operating as Global Payments Inc. on December 11, 2000, and the new company spun off from NDC on February 1, 2001. During his 14-year tenure as Chief Executive Officer, Global Payments grew substantially. The company is now a Fortune 500 company.
Mr. Garcia has served on a number of Boards of Directors, including the Global, U.S. and Latin American Boards of MasterCard International and the Electronic Transactions Association. Mr. Garcia also served with Atlanta’s Mayor, Hon. Kasim Reed on the Atlanta Committee for Progress, a group of business leaders seeking solutions to critical issues facing the city of Atlanta. Mr. Garcia also served on the executive committee of the Metropolitan Atlanta Chamber of Commerce for five years.
Currently, Mr. Garcia is a Director of The Dun & Bradstreet Corporation (NYSE:DNB), West Corporation (NASDAQ-GS: WSTC) and SunTrust Banks, Inc. (NYSE:STI). He was appointed by the Governor of Georgia to serve on the Georgia Public Telecommunications Commission. He is also a Trustee and Vice Chair of the Woodruff Arts Center, and a Life Trustee and former Chairman of Pace Academy in Atlanta, Georgia.
Mr. Garcia was honored as 2004 Ernst & Young Entrepreneur of the Year® in Financial Services for Georgia, Alabama, and Tennessee, and named “one of the best CEOs in America” five times by Institutional Investor. Mr. Garcia was also recognized by the Electronic Transactions Association as the recipient of the 2008-2009 Distinguished Payments Professional Award and by the Technology Association of Georgia as the recipient of the 2012 Lifetime Achievement Award.
Mr. Garcia holds a B.A. from Ithaca College. He resides in Atlanta, Georgia with his wife Carol, and they have six children.
Norton Reamer is a Senior Advisor to Further Global.*
Mr. Reamer was the Founder of Asset Management Finance LLC (“AMF”) where he served as President and CEO from 2003 to 2009 and Vice Chairman from 2009 to 2012. Under his leadership, AMF invested in 21 managers (totaling $80 billion in AUM), representing approximately $800 million of committed capital across a broad range of firms including alternative managers, traditional long-only, wealth management and private equity in the U.S., Europe and Australia. A majority interest was sold to Credit Suisse in August, 2008. Prior to AMF, Mr. Reamer was the Founder of United Asset Management Corporation (“UAM”) where he served as Chairman, President and CEO from 1980 to 2000. Under his leadership, UAM grew, through over 50 acquisitions, to $200 billion in assets under management and a New York Stock Exchange listing. UAM was sold in September, 2000 to Old Mutual, Plc. Prior to UAM, Mr. Reamer served as the CEO and President of Putnam Investments where he worked from 1967 to 1980. Mr. Reamer currently serves as the President of Unicorn Corporation, a consultant firm to the investment management industry, which he founded in 2000. Mr. Reamer was previously an advisory director of Berkshire Capital Corporation, an Independent Trustee/Director and Chairman of the Audit Committee for Eaton Vance Mutual Funds and the Chairman of Hellman, Jordan Management Co.
Mr. Reamer is a Chartered Financial Analyst (CFA) and holds an MBA from Harvard Business School.
PJ Rossi is the Chief Financial Officer and Chief Operating Officer of Further Global.
Prior to joining Further Global, from 2010 to 2016, Mr. Rossi was the Chief Operating Officer and Chief Financial Officer of Simple Alternatives, a registered investment advisor in the liquid alternatives space. In this role, Mr. Rossi oversaw the day-to-day business and trading operations of the firm including accounting, finance, administration, and operating policies & procedures. Mr. Rossi was also a member of the investment committee. Previously, Mr. Rossi was the Director of Finance/Business Operations for TH Lee Putnam Ventures, the $1.1 billion venture capital arm of Thomas H. Lee Partners and Putnam Investments. Over his 16-year career at TH Lee Putnam Ventures, Mr. Rossi conducted a number of workouts, the financial due-diligence of potential portfolio companies, as well as developing financial plans for the firm. Mr. Rossi was also responsible for the TH Lee Putnam Ventures’ administration. Prior to TH Lee Putnam Ventures, Mr. Rossi was Manager of Financial Planning and Analysis at GE Capital where he was responsible for the strategic planning functions of GE Equity, which had $3.1 billion in assets under management. As a member of the GE Equity investment committee, Mr. Rossi evaluated potential portfolio companies. While at GE Equity, Mr. Rossi received his Six Sigma Black Belt certification.
Mr. Rossi holds a BBA and an MBA from Iona College.
Trish Patel is the Chief Administrative Officer of Further Global.
Prior to joining Further Global, Ms. Patel was Chief of Staff at Coatue Management, a ‘Tiger’ hedge fund focused on the technology sector that invests in public and private equity markets with long and short strategies. As Chief of Staff, Ms. Patel oversaw the operations and maintenance, managed staff and was responsible for budgeting, recruiting, training and development, reviews, benefits and compensation as well as driving forward initiatives on behalf of the CEO. Prior to joining Coatue Management, Ms. Patel was part of the Global Financial Services team at The Carlyle Group, where she was responsible for the funds administrative non-investment operations. Previously, Ms. Patel was Human Resources and Administration Manager at 1E, Inc. a global financial software company. Ms. Patel was responsible for human resources, administrative operations and expansion for all US offices.
Ms. Patel holds a B.S. in Psychology from Fordham University.
* Note: Senior Advisors, while not employees of Further Global, work with us to identify, validate and operate investment opportunities.