Kevin Hesselbirg Named Primatics Financial CEO
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MCLEAN, VA, Mar 05 (Marketwire) -- Primatics Financial, the market-leading financial solutions provider of loan accounting and valuation solutions, announced today the appointment of its new CEO, Kevin J. Hesselbirg. Mr. Hesselbirg becomes Chief Executive Officer effective immediately, bringing with him 20 years of financial technology and global management expertise at market-leading technology firms. Prior to joining Primatics, Mr. Hesselbirg spent 14 years at OpenLink Financial, a leading provider of cross-asset trading and risk management solutions for energy, commodity and financial service companies. During his tenure at OpenLink, Mr. Hesselbirg served as CFO, COO, and most recently as CEO, growing the company from less than $20 million in revenues and 100 professionals to more than $325 million in revenues, a global team of 1,250 professionals and 500 global customers. Remarking on Mr. Hesselbirg's impressive credentials, leadership and depth of knowledge, Jeff Sant, Umar Syyid and Mike Therrien, co-founders of Primatics Financial said, "We are excited to augment our leadership team with Kevin's experience in the financial services technology industry. Our ability to attract a leader with Kevin's track record and knowledge reflects on Primatics' potential for continued growth. We look forward to his leadership and skills in driving and executing on the strategies that will further enhance Primatics' position in the industry and further enable us to assist our customers in solving complex challenges." Mr. Hesselbirg said, "I am honored to collaborate with the entrepreneurial founders of Primatics and to contribute to its continued growth in the financial services industry. I look forward to forging long-lasting and meaningful relationships with our customers and continuing to foster a thought leading partnership amongst our ecosystem of domain experts, business and customer advisors and user community. Primatics has proven its ability to create an ambitious, customer-focused, conscientious and innovative culture, and I look forward to building on their success and market momentum." Charles Rossotti, Senior Advisor at The Carlyle Group and a member of the Primatics Financial board, said, "Carlyle is excited to partner with Primatics' seasoned management team and remarkable employees. Our board is pleased to have attracted Kevin Hesselbirg as our new CEO. Kevin is a proven leader in the financial technology services industry. We are confident that he will take the company to the next level of growth and service to our already impressive customer base, and will build great shareholder value. I look to his strong leadership, keen insight and fortitude as the company continues to grow." About Primatics Financial Primatics is the leading provider of financial services solutions that enable customers to better process, model and analyze loan portfolios, comply with accounting and regulatory requirements and grow their businesses. Through its enterprise-grade software and proven business advisory services driven by strong domain expertise, Primatics delivers timely, scalable, automated and controlled results in today's changing market and regulatory environment. Primatics is headquartered in McLean, Virginia, USA. For more information visit: www.primaticsfinancial.com About The Carlyle Group The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $170 billion of assets under management across 113 funds and 67 fund of fund vehicles as of December 31, 2012. Carlyle's purpose is to invest wisely and create value on behalf of our investors, many of whom are public pensions. Carlyle invests across four segments -- Corporate Private Equity, Real Assets, Global Market Strategies and Solutions -- in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs 1,400 people in 33 offices across six continents. Web: www.carlyle.com Videos: www.youtube.com/onecarlyle Twitter: www.twitter.com/onecarlyle Podcasts: www.carlyle.com/about-carlyle/market-commentary Contact: Keyana Corliss Tel: 703-390-1526 Email: Corliss@merrittgrp.com Copyright 2013, Marketwire, All rights reserved. -0-