ACG Boston New Board Members

ACG Boston, the Boston Chapter of the Association for Corporate Growth (ACG) , has appointed two new board members: Jay Hernandez, director, Boston office Harris Williams & Co., and Kevin Kester, managing director, Siguler Guff. the firm also announced that Jack Derby, president, Derby Management LLC, is leaving his position as ACG Boston’s board chairman.

PRESS RELEASE

ACG Boston, the Boston Chapter of the Association for Corporate Growth (ACG), announced two new board members: Jay Hernandez, director, Boston office Harris Williams & Co., and Kevin Kester, managing director, Siguler Guff.

ACG Boston also announced that Jack Derby, president, Derby Management LLC, is leaving his position as ACG Boston’s board chairman. The board thanks Mr. Derby for his tireless service to ACG Boston and his leadership resulting from his immersion in the organization. Mr. Derby has been an active member of ACG Boston since 1993 and a member of the Board of Directors for 12 years. He has chaired the annual M&A Outlook Conference and served as master of ceremonies at the DealMakers Breakfast series.
Mr. Derby won the ACG Meritorious Service Award in 2007 and 2009, served as President of the Boston chapter and served as Chair of Growth Conference.

“ACG Boston is in a very strong position today mostly because of the amazing capabilities and effort of Jack Derby,” commented current ACG Boston President, Ben Procter of the Watermill Group. “Jack led our first strategic planning effort more than 10 years ago and has overseen a transformation in every facet of our organization. Particularly noteworthy is the development of a loyal base of sponsors, extensive and varied programming, and the most professional and capable staff of any ACG chapter. On behalf of all members of ACG Boston we offer our deepest gratitude.”

Background – New 2011 ACG Boston Board Members

In his position as Director in the Boston office of Harris Williams & Co., Jay Hernandez advises clients on sell side merger and acquisition assignments and engages in transactions across a variety of industries including advanced manufacturing, business services, consumer products, general industrial and healthcare. Previous experience includes work as an assistant vice president at Fleet Capital Corporation and as senior associate with PriceWaterhouseCoopers, LLP. Mr. Hernandez holds an M.B.A. from the Robert Emmett McDonough School of Business at Georgetown University and a Bachelor of Science degree in Accounting and Finance from the University of Arizona. He is a certified public accountant. Mr. Hernandez lives in Boston with his wife and daughter.

Kevin Kester is Managing Director at Siguler Guff. He is a senior member of Siguler Guff’s investment staff and oversees the firm’s small buyout opportunities funds, responsible for designing and implementing fund strategy, screening and selecting investment managers, negotiating terms and conditions, identifying and executing direct investments and co-investments, and monitoring investment portfolios. Mr. Kester has more than 14 years of experience investing and managing institutional portfolios in alternative investments. Previously, Mr. Kester spent eight years in the investment division of Colorado Public Employees’ Retirement Association (Colorado PERA), a $30 billion public pension fund. Mr. Kester held various positions at Colorado PERA, including director of alternative investments where he had overall management responsibility for a $4.5 billion global portfolio of private equity, venture capital, distressed debt, mezzanine, energy and timber investments. During his tenure at Colorado PERA, he served as a founding member of the Board of the Institutional Limited Partners Association (ILPA), an industry-leading group established to bring greater standards of transparency and integrity to the private equity marketplace. Mr. Kester holds a Bachelor of Arts degree in Government from Hamilton College and an M.B.A. in Finance from the University of Colorado at Boulder.

About ACG
The Association for Corporate Growth is an individually based membership organization focused on mergers and acquisitions (M&A) and corporate growth. ACG Boston is one of 58 ACG chapters worldwide and has over 650 members from within the M&A space, including investment bankers, private equity investors, corporate executives, lenders and transaction oriented service providers. ACG Boston offers over 25 events per year geared towards this audience.