Philip J. Wesoke
Chairman and CEO
WALCO-Monceau Group, Inc.

Philip Wesoke is Chairman and CEO of WALCO-Monceau Group, Inc. He is responsible for strategic planning and the oversight of all WALCO Divisions. WALCO and its predecessor firm were founded in 1989 to participate in Eastern and Central Europe’s conversion from socialist economies to capitalism.  Mr. Wesoke saw an opportunity to modernize the cities of this region by creating businesses from services previously provided by the government. The concept was to create revenue-generating businesses from these services and to form partnerships or joint ventures with each of the city’s governments. These ventures would generate revenue for the cities to make capital improvements and invest in improving the quality of life for their residents.

Mr. Wesoke began his financial career in 1977 as a stockbroker at Loeb Rhodes Hornblower Inc. where he became a Vice President in 1979. He was a leader in the pioneering of the public’s acquisition of Government National Mortgage Association bonds, which previously were institutional investments. In 1982 Mr. Wesoke joined Herzfeld and Stern as a partner and upon the sale of the firm he founded Wesoke and Company, Inc. an investment management firm.

From 1982 to 1987 Wesoke and Company, Inc. managed a Hedge Fund with over $300,000,000 in assets at which time it was retired. From 1987 until 1989 Mr. Wesoke studied the economies of Central and Eastern Europe with the goal of entering these markets. WALCO started its foreign business in Budapest Hungary moving on to St. Petersburg Russia, Warsaw Poland, the Czech Republic and Romania.  WALCO-Monceau completed the first privatization of services in the region and has continued to lead the way in revenue generation.

In order to complete these projects WALCO formed joint ventures or partnerships with major American and Western European firms and brought these firms into these new and expanding markets.

E-mail: philip@walcomonceau.com