Veteran wealth management professional Eric Schimpf currently works as an executive director for an international financial firm, managing a portfolio in excess of $600 million. A graduate of the United States Military Academy at West Point, Eric Schimpf served as a commissioned officer in the United States Army prior to making the transition to a career in finance. Leaving military culture for civilian life can be a difficult transition, and soldiers who return home from active service sometimes have trouble finding civilian jobs. However, military careers often leave veterans equipped with a number of important skills, both technical and interpersonal, which are invaluable in the civilian workplace and make them highly desirable employees. Military skills can be particularly relevant and useful in management settings. Many ex-military personnel have demonstrated leadership skills by managing teams and getting involved in strategic planning. They are used to a task-oriented and highly disciplined work environment that requires teamwork. Some may also have become accustomed to working and making decisions in high-pressure situations. Such skills and abilities can make veterans well suited to work in project management settings. Some veterans also have the discipline, management experience, planning abilities, and drive to become entrepreneurs and start businesses of their own.
As an executive director for an international financial services provider, Eric Schimpf manages a portfolio of joint business ventures, third-party relationships, and global investments. As a mark of his commitment to maintaining a high level of expertise in the industry, Eric Schimpf holds a Certified Investment Management Analyst (CIMA) certification. Offered by the Investment Management Consultants Association, CIMA is currently the only financial certification program in the United States that meets the international standard for personnel services (ISO 17024). The program requires financial professionals to demonstrate their knowledge in five key topic areas: providing portfolio recommendations based on modern and post-modern portfolio theory; developing and recommending individualized investment policies; selecting managers and analyzing performance measurement; analyzing and recommending specific investments; and analyzing the legal and ethical implications of their professional activities. CIMA candidates must also demonstrate that they meet the program’s criteria for education, experience, and ethics, as well as passing required examinations. As members of a select group of qualified professionals, CIMA certification holders often enjoy greater opportunities to provide their services to high-net-worth clients. In addition, they are widely recognized in the financial industry as possessing the skills to offer ethical financial advice even during seismic market changes.
A graduate of the United States Military Academy at West Point, Eric Schimpf is one of the founding members of a business network of United States service academy graduates. In his leisure hours away from his career in finance, Eric Schimpf enjoys playing the guitar. The guitar is one of the most popular beginner instruments to take up. Beginners should start with learning the basic parts of the instrument, which are the same on both electric and acoustic versions. The parts of a guitar can be categorized into two basic halves: those on and around the guitar neck, and those on and around the body. The neck is the long, narrow piece of the guitar where players control the pitch of the notes, whereas the body is the larger area of the instrument where the plucking and strumming of the strings occurs. The most notable pieces of the neck include the frets and headstock, or simply the head. The frets are small, raised horizontal bars that help guitarists play notes and chords properly. The head, meanwhile, is where the strings join the tuners. Electric guitars also feature volume and control knobs as well as amplifier pickups on the body.
Prior to joining accepting his current positions, as executive director of a global private wealth firm, Eric Schimpf gained extensive experience in the financial industry as a director with Merrill Lynch United States Private Client Group (USPCG). Over the course of his career, Eric Schimpf has also served as a board member for a number of external firms. He currently sits on the board of Ozforex, one of the world’s largest online foreign exchange companies. Established as an information resource in 1998, Ozforex has since evolved into a foreign exchange services provider offering transactions across six continents. The company’s 2013 initial public offering was one of the most successful IPOs of the year; it continues to trade above its IPO price on the Australian Securities Exchange. Ozforex has developed a strong presence in major economies like Australia, Canada, and the United Kingdom, and continues to grow its operations in Europe, Asia, and the United States. In 2012, it handled 460,000 fund transfers worth approximately AUD9.1 billion. Guaranteeing excellent rates for overseas fund transfers, Ozforex enjoys 65,000 web visits per day.
Executive director and global head of strategic investments with a major international firm, Eric Schimpf manages a portfolio of global investments and business joint ventures that is worth over $600 million. In addition to his successful career in finance, Eric Schimpf sits on the company board of OzForex, Foreign Exchange Services. OzForex Group was launched in 1998 as an information-only website and has since turned into an international payments service provider for business and individual customers. With a strong presence in Australia, the United Kingdom, and Canada and a growing presence in the United States, OzForex has key relationships with banks such as Bank of New York Mellon and Barclays. Recently, OzForex’s sharemarket debut opened 30 percent higher than its $2 expected offering price and finished up the day at $2.56. The IPO raised $439.4 million through the issue of 12 million new shares as well as the sale and transfer of 207.7 million existing shares. OzForex's focus going forward is to strengthen its business in Australia, Hong Kong, Singapore and the United States, and prospects indicate an even stronger year in 2014.