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Colonial Consulting in the News

Colonial Consulting Announces the Addition of Joseph Fung as Chief Technology Officer

Colonial Consulting CTO to Help Advance Firm's Business Initiatives through Technology

FOR IMMEDIATE RELEASE

New York, NY, September 27, 2010 - Colonial Consulting, LLC, a leading investment advisor with a core focus on not-for-profits, is pleased to announce that Joseph Fung has joined the firm as chief technology officer. Mr. Fung will be reporting to Dine Grullon, Managing Director, and will be responsible for overall technical strategy and vision for the firm, including further harnessing the use of leading edge technologies to advance the firm's core initiatives.

Joseph Fung joins Colonial Consulting from the Burgiss Group, where he was managing director of product development and IT for the provider of private equity software and alternative assets solutions. At the Burgiss Group, he was instrumental in advancing Software as a Service (SaaS) in its offerings, including bringing out the new SaaS versions of their flagship software. Prior to the Burgiss Group, Mr. Fung was CTO at Ness Technologies USA, where he, in addition to guiding the internal technical vision, provided technology consulting to IT and business executives in a variety of industries.

"We are excited to have such an accomplished and respected technologist join the Colonial team," said Dine Grullon. "Joe's experience complements our goal to service our clients with leading edge technologies."

From Mr. Grullon's strong belief that the firm is in many ways intertwined with information services, Colonial Consulting has been pioneering the use of technology to support its investment consulting services for almost two decades. With the addition of Mr. Fung, the use of innovative technologies will grow and enhance the firm's ability to serve clients in an increasingly complex investment climate so that they can achieve their charitable missions.

About Colonial Consulting, LLC
Colonial Consulting is a leading investment consulting firm founded in 1980 with a focus on strong performance. With the firm's experience, expertise, and in-depth research, Colonial provides exceptional investment advice and full service consulting so that its clients can meet their financial objectives and long-term ability to achieve their mission. Approximately 90% of Colonial's clients' assets are in endowments or foundations. As a result, the firm is structured to specifically work with the requirements and challenges of these institutions. Colonial's efforts are focused on a number of areas and are driven by the deeply rooted philosophy that the firm exists to serve clients and that their success defines its own.

Please direct all press inquiries to:
Charles Georgalas
750 Third Avenue 20th Floor
New York, NY 10017
212-218-4900