Bill Richards Joins Advisory Board Of Technology Sourcing Leader Virtual Procurement Services

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Wall Street's "Hedge Fund Whisperer" Bill Richards, Formerly of UBS, brings relationships and organizational expertise to unique and rapidly growing technology sourcing company.

Bill Richards

"VPS entrepreneurial spirit and gain-share payment model reminds me of Wall Street’s earlier days. They offer a unique and exciting service that has an immediate and significant impact on the P/L of some of the most respected companies in the world."

Virtual Procurement Services (VPS) is pleased to announce that Bill Richards has joined our team as Senior Advisor to the Board and CEO Scott Robins. Bill has a long and illustrious career on Wall Street with more than 30 years of experience in hedge fund and private equity investing. Bill's involvement began in the industry's early days when his family invested in hedge funds in 1983 and continues even after his retirement from UBS in 2013 where he was their senior hedge fund relationship manager. Bill will be working actively with the team developing a new client base as well as guiding VPS through this growth period.

"VPS' entrepreneurial spirit and gain-share payment model reminds me of Wall Street’s earlier days. They offer a unique and exciting service that has an immediate and significant impact on the P/L of some of the most respected companies in the world. I expect VPS will have an even bigger impact when working directly with the portfolio companies led by the current entrepreneurs of Wall Street. I look forward to helping the firm expand its client base and guiding Scott and the leadership team on handling this period of growth," said Bill Richards.

Prior to advising VPS, Bill was Managing Director and senior client relationship manager for Hedge Funds at UBS. He spent 18 years at UBS, where he worked with some of the firm's largest clients. Bill has a Bachelor of Arts from Denison University. He is also a US Army veteran with a distinguished military record, receiving the Bronze Star, Army Commendation Device for Valor and the Combat Infantry Badge for his service in Vietnam. Bill is Co Chairman of the Governors Council of the Cerebral Palsy Research Americas Foundation http://www.cparf.org and is actively involved in several other charities, including 100 Women in Hedge Funds http://www.100womeninhedgefunds.org . Bill is also a Board member of The Jamestown Foundation, the pre-eminent source of independent global research and political analysis http://www.jamestown.org.

"I am thrilled that someone of Bill's caliber and strong ethics has elected to help us as a Senior Advisor," said Scott Robins, CEO, Founderr of Virtual Procurement Services. "Bill's reputation within the hedge fund and private equity community is unmatched and his willingness to share his experiences and provide guidance is already having a significant impact on our culture. I am looking forward to a long and fruitful relationship with Bill as we expand VPS' reach."

Founded in 2009, Virtual Procurement Services' (VPS') predictive analytic tool which measures the fully burdened costs of technology throughout distribution and their proprietary process makes it the recognized leader in reducing and recovering technology spend.

For more information contact:

Tabitha Ehlers
Virtual Procurement Services (VPS)
501 Kings Highway East, Suite 200
Faifield, CT 06825
203.202.3362
tabithae(at)vprocurement(dot)com

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Tabitha Ehlers
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