Fairfax County EDA selects Herbert Frey to run Munich office and work with European companies considering U.S. expansion
May 28 2015 - 4:00AM
Business Wire
The Fairfax County Economic Development Authority (FCEDA) has
selected Herbert C. Frey, who has worked for large multinational
companies and has been an entrepreneur, to run the FCEDA’s Munich
office and work with European companies considering expansion to
the United States.
Frey was born and brought up in Switzerland. At 16 he began his
working life as an apprentice to the Winterthur Insurance Group in
Switzerland. After completing university studies, he returned to
Winterthur and eventually became regional manager for Asia working
in Hong Kong. Winterthur became the first European insurance
company to receive an operating license in the People's Republic of
China. Frey later moved to Shanghai where he established the
mainland Chinese operation of Winterthur.
After receiving an MBA from Henley Management College in
England, he worked for Gerling Industrial Insurance Company in
Cologne, Germany, developing an expertise in Monte Carlo
simulation, a technique for risk analysis. Since 2001 he has been
an entrepreneur, founding a number of companies in the fields of
risk management, real estate financing and the Internet.
“My background with large and small businesses and with business
people around the world gives me an excellent perspective to help
European companies that want to come to the U.S., and Fairfax
County offers an excellent balance as a great business location
with a high quality of life,” Frey said.
Gerald L. Gordon, Ph.D., president and CEO of the FCEDA, noted
the importance of a strong link on the continent. “Europe
traditionally is one of our largest and strongest sources of
companies interested in establishing U.S. operations, and Mr. Frey
will be an invaluable resource for European companies that will
find Fairfax County the ideal location from which to do so,” he
said.
The FCEDA opened a continental European office in 2000 to
complement a London office that opened in 1998. More than 130
companies from the continent and 80 from the United Kingdom are
part of the dynamic, diverse Fairfax County business community.
Click here for more information about the FCEDA’s outreach in
Europe and elsewhere globally.
Time magazine called Fairfax County “one of the great economic
success stories of our time.” Fairfax County offers businesses a
state-of-the-art telecommunications infrastructure, access to
global markets through Washington Dulles International Airport, a
vibrant investment capital community and a highly skilled,
well-educated workforce.
The award-winning Fairfax County Economic Development Authority
promotes Fairfax County as a business and technology center. The
FCEDA offers site location and business development assistance, and
connections with county and state government agencies, to help
companies locate and expand in Fairfax County. In addition to its
headquarters in Tysons Corner, Fairfax County’s largest business
district, the FCEDA maintains marketing offices in six important
global business centers: Bangalore, Munich, London, Los Angeles,
Seoul and Tel Aviv.
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FCEDAAlan Fogg, +1 703-790-0600 (o)+1 571-213-5065
(m)afogg@fceda.org