News from FedcapFedcap Rehabilitation Services, Inc. Announces Appointment of New Board Chair
NEW YORK, NY — Fedcap Rehabilitation Services, Inc., a nonprofit agency with approximately $100 million in revenues derived primarily from Ability One contracts and economic/business enterprises in Manufacturing and Document and Print Imaging, is pleased to announce the appointment of Larry Ach to the role of Chairman of its Board of Directors.
Fedcap Rehabilitation Services is part of The Fedcap Group, a global network of top-tier nonprofit agencies dedicated to advancing the economic and social well-being of the impoverished and disadvantaged.
“As we continue our mission-driven expansion, scaling and replicating proven strategies to advance our strategic planning and make a measurable difference in the lives of those we serve, we are laser-focused on building a superlative leadership team to realize our vision,” said Fedcap Group President and CEO Christine McMahon. “I am thrilled that Larry Ach will serve as Board Chair of Fedcap Rehabilitation Services. Larry brings decades of strategic leadership, vision and commitment to mission that will help us reach our goals during this period of growth and expanded impact.”
“I am grateful for the opportunity to serve as Board Chair of Fedcap Rehabilitation Services, Inc.,” Mr. Ach said. “Providing individuals with disabilities the opportunity to work and become self-sufficient is at the core of our mission. It is a mission to which I am deeply committed. As part of The Fedcap Group, Fedcap Rehabilitation Services will continue to expand its impact, introducing new businesses and cutting-edge service innovations.”
Mr. Ach joined the Fedcap Board in 2002 and became Vice Chair in 2014. During his board tenure he served on the Finance Committee and the Investment Committee and has provided critical management and oversight of our portfolio and investment strategy. Mr. Ach has a deep understanding of the vast array of services we provide and has offered informed and invaluable guidance. He is an active participant in our agency events and his engagement with our consumers inspires all of us.
Mr. Ach is a Senior Vice President with Klingenstein, Fields & Co., with more than 30 years of investment management experience. Prior to joining Klingenstein, he was at First Republic Investment Management from 1999 to 2008 as a Managing Director and Portfolio Manager, including serving as Chief Investment Officer from 2001 to 2005. He was with Lynch & Mayer from 1994 to 1999, where he headed the firm’s Private Asset Management division. Mr. Ach was a Senior Vice President/Portfolio Manager at Lazard Freres Asset Management from 1986 to 1994.
Mr. Ach has an MBA in Finance from The Wharton School at the University of Pennsylvania and a BA in history from Trinity College, and holds the Chartered Financial Analyst designation. Mr. Ach has served on various committees of the New York Society of Securities Analysts and is Secretary and Chairman of the Investment Committee of Temple Israel.
The Fedcap Group
The Fedcap Group is a global network of top-tier nonprofit companies, dedicated to advancing the economic and social well-being of the impoverished and disadvantaged. We offer a platform for our agencies to collectively showcase the Power of Possible™, enabling them to focus on delivering proven, evidence-based services and solving significant societal problems. Our innovative solutions in the areas of Education, Workforce Development, Occupational Health and Economic Development funnel through our international footprint of companies and impact the lives of over 300,000 people annually.
In partnership with business, government, the philanthropic community, academia and local nonprofit agencies, we deliver measurable shifts in academic advancement, and economic self-sufficiency for individuals in need. Through our strong customer service approach, we assist business, insurers, local governments and educational institutions meet their critical objectives.
SOURCE: The Fedcap Group, Inc.
Related links: www.fedcap.org