(Jules) Gyula Balogh's Business Background
President, Hungarian Innovation Center, Inc
President Amerikaiak A Magyarokért Alapítvány in Hungary
Co-President, American Hungarian Federation (incorporated 1907)
Mr. Balogh's thinking is entrepreneurial and is based on over 40 years of experience at over 25 multinational, SME and startup firms in senior management or executive consulting roles.
Previous experience:
- President, Hungarian Reformed Federation of America - a fraternal insurance business
- Vice President, Strategy and Investment, Varatech, a manufacturing software business,
President of its Sigmund subsidiary.
- Vice President, Strategy at $200 million Health Risk Management,
President of its Application Service Provider subsidiary
- President, Interex Corporation, a Senior Management Consulting,
executive training, and software firm,
- Executive Vice President, Emesa, a venture capital firm
- Corporate Vice President, Citicorp, New Business Idea Creation,
the largest US bank at the time
- Vice President, Strategy, Quotron Systems
- Head of Econometric Systems, Mathematica
a firm started by Princeton University professors
- Project Manager Haskins Labs, affiliated with Yale University-
created reading machines for the blind
- Project Manager, Boeing Aerospace, developed manufacturing software
and software for missile recognition
- Project Manager, IBM systems development, created part of their first time sharing systems.
Sample Projects
His largest projects were creating new business ventures at Citicorp. Part of the senior executive teams(strategy, marketing, acquisitions, risk managment) that created their 55 million member credit card businesses. Built the business strategy, partners (ATT, Harvard Medical School, MIT, Johnson and Johnson, etc), and acquisitions at the corporate management level of Citicorp (the largest US bank at the time) to capture a major share of the then 1.4 trillion dollar US health payments, medical record keeping, and information markets. Helped to design new financial instrument trading systems, market analytics, and financial information systems at their Quotron subsidiary,
He taught the top 200 consumer business executives from 35 countries at the senior executive training programs at Citicorp , and was the only executive to teach at both the marketing and the risk management programs. Graduates included the past CEO of Mastercard, the past CEO of Wells Fargo, the past President of Sears, and many executives from Europe, Asia, and Latin America (Citicorp was active in 35 countries).
Other experience includes: IBM (created part of their first time sharing system), Boeing Aerospace (created a system for computerized manufacturing, and software for missile recognition systems), Haskins Laboratories (created computer reading machines for the blind (affiliated with Yale University), EMESA (venture capital fund for an Internet based financial auction business), Mathematica (head of econometric systems), PNC Bank (electronic banking-private bank), American Express (risk management), Mastercard (Purchasing card), Chase (Acquisitions), Equitable Life Insurance (modeled cost of union negotiations). He created a consumer software startup business which had product such as BigWord and Markplan. Working with the CEO of Health Risk Management Inc., he developed the strategy for turning around his $200 million revenue firm which had a state-of-the-art evidence based medicine system and health claims processing business. As Vice President for Strategy at Varatech, a manufacturing software firm, and President of its subsidiary Sigmund, Inc., he developed product, distribution and financing strategy.
His educational background includes an MBA in Finance from Columbia University, an M.Sc. from the New York University School of Engineering, and a B.Sc. in Physics from the University of Notre Dame.
In addition to the Executive programs at Citicorp, he designed and taught senior executive training programs at the Columbia University Business School, and at Habib Bank, the largest bank in Pakistan.