Pacific Capital Group Announces Jimmy Delshad Has Joined as Vice Chairman and Managing Director

December 1, 2010

Jimmy Delshad, Mayor of Beverly Hills, California, has joined Pacific Capital Group as Vice Chairman and Managing Director. Pacific Capital Group is an investment group based in Los Angeles.

Gary Winnick, Chairman and Chief Executive of Pacific Capital Group, said: “Jimmy Delshad is an internationally recognized authority on the use of advanced ‘smart’ technologies in city management and law enforcement to dramatically improve life, services and safety in the community. Beverly Hills has implemented Mayor Delshad’s smart-system innovations, pioneering a path to achieving efficiencies that can be applied to government at every level. We are happy that one of the nation’s leading experts in this growing field is joining our firm.”

Stated Jimmy Delshad: “During a 30-year career in venture capital, Gary Winnick has been able to see ahead with great clarity, participating in the transformation of industry after industry – from finance to telecommunications and beyond. I believe he sees, as I do, that it is now time to apply those convergent technologies – so-called smart systems bringing together sensors, networks, communications and computerization – to the public sector. I am very happy to continue my role in that revolution by joining Pacific Capital Group.”

Mr. Delshad created and promoted the Smart City Initiative in the City of Beverly Hills during his tenure on the City Council and as the city’s two-term Mayor. Under that initiative, the City has funded innumerable smart-tech innovations – networking fiber optic and wireless systems to link police surveillance cameras, traffic lights, sprinkler and water meter systems, parking meters, auto license plate readers, disaster operation centers, and new, state-of-the-art interoperable communication systems.

Mr. Delshad was twice-elected Mayor of the City of Beverly Hills and has served on the Beverly Hills City Council since 2003. He is the highest ranking Iranian- American elected official in the United States. During Mr. Delshad’s most recent term as mayor, The City of Beverly Hills achieved a balanced budget, an AAA municipal bond rating, and the broadest international brand recognition in municipal history.

Mr. Delshad was founder and chief executive officer of American International Business, a manufacturer of computer storage technologies, with offices in the United States, Germany, Belgium and the United Kingdom. He currently serves on the board of directors of several international corporations, including Dream Team Gaming, a casino gaming developer; and International Packaging Company, a paper and cardboard manufacturer with operations in China and the United States.

Mr. Delshad was the first Iranian-born President of Sinai Temple in Los Angeles and has also served on the board of many not-for-profit organizations including Friends of Sheba Medical and Maple Counseling Center. He is currently on the board of directors of the Iranian-American Jewish Federation and Magbit Educational Foundation where he was both President and Chairman of the Board.

Mr. Delshad was recently named as one of the 10 Most Politically Influential Jews in America by Forward Magazine. He has a BS degree in Computer Sciences from California State University, Northridge and an Honorary PhD from American Liberty University.

About Pacific Capital Group

Pacific Capital Group, Inc. (“PCG”) is an investment firm, based in Los Angeles. The firm was founded in 1985 by financier and philanthropist Gary Winnick who is Chairman and Chief Executive Officer.

Mr. Winnick has sourced in excess of $100 billion to fund corporate innovation and transformative new technologies and has provided capital and counsel to hundreds of companies in the global economy.

Pacific Capital Group is involved in a broad range of industries that include financial services, clean technology, telecommunications, healthcare, and real estate.

Mr. Winnick, and the companies he founded, Global Crossing and Asia Global Crossing, built the first integrated fiber optic network, a 130,000-mile global IP-based system connecting continents and countries around the world. The Global Crossing Network services 40 percent of the Fortune 500 and connects 700 cities in 70 countries.

Before founding Pacific Capital Group, Mr. Winnick was Senior Vice President of Drexel Burnham Lambert in that firm’s high yield and convertible bond group which transformed the face of corporate finance and Wall Street.

Mr. Winnick is a member of the board of the Museum of Modern Art (MOMA) and the Simon Wiesenthal Center and he is a recipient of the Wiesenthal Center’s Humanitarian Laureate Award. In 2004, he received an Honorary Doctorate from Long Island University, his alma mater.

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