Los Angeles, CA (PRWEB) November 9, 2010
Pacific Capital Group has announced the appointment of Robert Hertzberg, former Speaker of the California State Assembly, as Venture Partner. Pacific Capital Group is an investment firm, based in Los Angeles.
Robert Hertzberg, an attorney, will continue to work as Senior Partner at Mayer Brown LLP. He is Co-founder and a Director of G24 Innovations Limited, a solar technology company based in the U.K. and first vice chairman of the Los Angeles County Economic Development Corporation. Mr. Hertzberg was twice unanimously elected Speaker of the California State Assembly and served in the California Legislature from 1996 to 2002.
Mr. Hertzberg is a magna cum laude graduate of the University of Redlands with a Bachelor of Arts degree and was graduated from Hastings Law School with the degree of Juris Doctor.
Mr. Hertzberg stated: "I am very excited to work with Gary and his portfolio companies on a very unique set of breakthrough opportunities that hold great promise for our state and our nation."
Gary Winnick, Chairman and Chief Executive Officer of Pacific Capital Group, said: "I have known and admired Bob Hertzberg for many years as a public official and private entrepreneur. Bob's longstanding commitment to alternative energy and his proven ability in managing and guiding public and private partnerships bring an important resource to Pacific Capital Group."
About Pacific Capital Group:
Pacific Capital Group, Inc. ("PCG") is an investment firm, based in Los Angeles. The firm was founded in 1985 by financier and philanthropist Gary Winnick who is Chairman and Chief Executive Officer.
Mr. Winnick has sourced in excess of $100 billion to fund corporate innovation and transformative new technologies and has provided capital and counsel to hundreds of companies in the global economy.
Pacific Capital Group is involved in a broad range of industries that include clean technology, telecommunications, healthcare, real estate and financial services.
Mr. Winnick, and the companies he founded, Global Crossing and Asia Global Crossing, built the first integrated fiber optic network, a 130,000-mile global IP-based system connecting continents and countries around the world. The Global Crossing Network services 40 percent of the Fortune 500 and connects 700 cities in 70 countries.
Before founding Pacific Capital Group, Mr. Winnick was Senior Vice President of Drexel Burnham Lambert in that firm's high yield and convertible bond group which transformed the face of corporate finance and Wall Street.
Mr. Winnick is a member of the board of the Museum of Modern Art (MOMA) and the Simon Wiesenthal Center and he is a recipient of the Wiesenthal Center's Humanitarian Laureate Award. In 2004, he received an Honorary Doctorate from Long Island University, his alma mater.