FORA.tv Speaker - Charles Garvin

Charles Garvin brings to Palisades a combination of operating experience and success in institutional investing. Mr. Garvin previously served as a Vice President and member of the Board of Directors of The Boston Consulting Group, the world's leading strategy consulting firm. At BCG, Mr. Garvin's client relationships included Lucky Stores, then a $5 billion diversified retailer, where consultant teams led by Mr. Garvin evaluated a number of divisions for potential divestiture, and Bank of America, then the nation’s second-largest bank, where teams led by Mr. Garvin recommended significant restructuring of the branch network. Subsequently, Mr. Garvin was a founding principal of The Beta Group, a venture capital firm whose initial limited partners were officers of BCG. During its 17-year history, the Beta Group has generated annual equity returns substantially above 30 percent to its investors, through a combination of founding new enterprises, buyouts of existing firms, and licenses of technology to large manufacturers. Among Beta Group successes have been the Flexon line of nickel-titanium eyeglass frames, the most significant recent product introduction in this industry with total sales exceeding $100 million; and the FoxS line of fiber-optic based blood-gas monitors, successfully sold to and marketed by the Puritan-Bennett division of Tyco International.