Board of Directors
Honorable Jay M. Cohen, Rear Admiral USN (RET) - Chairman
Admiral Cohen is a native of New York. He was commissioned in 1968 upon graduation from the United States Naval Academy. He holds a joint Ocean Engineering degree from Massachusetts Institute of Technology and Woods Hole Oceanographic Institution and Master of Science in Marine Engineering and Naval Architecture from MIT.
His early Navy assignments included service on conventional and nuclear submarines. From 1985 to 1988 Cohen commanded USS HYMAN G. RICKOVER (SSN 709). Following command, he served on the U.S. Atlantic Fleet as a senior member of the Nuclear Propulsion Examining Board, responsible for certifying the safe operation of nuclear powered ships and crews. From 1991 to 1993, he commanded the submarine tender USS L.Y. SPEAR (AS 36) including a deployment to the Persian Gulf in support of Operation DESERT STORM. After Spear, he reported to the Secretary of the Navy as Deputy Chief of Navy Legislative Affairs. During this assignment, Cohen was responsible for supervising all Navy Congressional liaison.
In June 2000, Cohen was promoted in rank and became the 20th Chief of Naval Research. He served during war as the Department of the Navy Chief Technology Officer (a direct report to the Secretary of the Navy, Chief of Naval Operations and Commandant of the Marine Corps). Responsible for the $2B+/year Navy and Marine Corps Science and Technology (S&T) Program (involving basic research to applied technology portfolios and contracting), Cohen coordinated investments with other U.S. and international S&T providers to rapidly meet war fighter combat needs. After an unprecedented five and a half year assignment as Chief of Naval Research, Rear Admiral Cohen retired from the Navy on February 1, 2006.
Unanimously confirmed by the US Senate, Cohen was sworn in as Under Secretary for Science & Technology at the Department of Homeland Security (responsible for DHS Research, Development, Test and Evaluation) on August 10, 2006 (the day of the British Airways liquid explosive plot in England). His success at DHS is documented in a recent National Geographic TV special "Hi- Tech War on Terror" that documents the high risk/high gain innovation portfolio which Cohen put in place to make the nation safer. The current administration continues to build on this solid foundation.
Since leaving government, Rear Admiral Cohen is now a principal in The Chertoff Group and serves on numerous corporate boards.
Greg Hersch - Director
Greg is a Senior Vice President in Wealth Management at UBS Financial Services in New York City. He has over twelve years of experience as a financial advisor working with a diverse range of clients from sophisticated family offices and high net worth individuals to institutional relationships such as hedge funds, pension plans and endowments. Greg was recently recognized as one of the 'Top 400 Financial Advisors in America' by the Financial Times, a globally respected daily financial news publication, and has been named one of the 'Top 40 Advisors under 40' by On Wall Street magazine in each of the last three years. Greg was born and raised in New York City, and received a BA in History from Georgetown University in 2001. He is actively involved in a number of charitable organizations in the New York City area including serving on the Board of Trustees as well as Chairman of the Investment Committee of the Kips Bay Boys & Girls Club in the Bronx.
Nick Lewin - Director
Nicholas S. Lewin has been a private investor since 2000 operating in both the public and private markets. Mr. Lewin has invested across many industries, and throughout the capital structure. Mr. Lewin invests in special situations and in companies with innovative technologies and strong intellectual property. Generally, these are activist situations working with management. Representative industries include, Biotechnology, Healthcare, Telecom, and Media. Along with HALO, Mr. Lewin sits on the board of Duramedic, a Durable Medical Equipment provider. Mr. Lewin holds a BA from Johns Hopkins University.
Steven Nelson - Director
Steven Nelson has extensive experience in building successful companies. He began his career in health care in 1983 with Republic Service Bureau, Inc, a nationwide hospital auditing company. Under his leadership, the company expanded into several other areas of health care cost containment before being sold to a Washington D.C. investment group in 1989. In 1990, Mr. Nelson founded two new health care cost containment companies, Medical Bill Review, Inc. (MBR), and Preferred Payment Systems, Inc. (PPS), serving in President and CEO positions. In 1997, PPS was sold to Concentra, Inc. and became known as Concentra Preferred Systems, Inc (CPS), a Concentra, Inc. subsidiary of which Mr. Nelson served as president until January 2000. In 1999, Mr. Nelson founded HealthNetwork Systems LLC (HNS), a private provider of network management services to the payer and PPO industries and served as President and CEO until it was sold to CPS in 2001. Mr. Nelson serves on the Board of Directors of several companies Viant, Inc. and IntelliClaim, Inc. He is currently a private investor. He has a founding role in ClariCon, Inc., a network services management company specializing in providing services to the provider community. Mr. Nelson is a graduate of Western Illinois University with a bachelor's degree in Health Care Administration.