Joseph Sponholz

Joseph Sponholz General Information

Biography

Mr. Joseph Sponholz serves as a General Partner at Prospect Street Ventures. He, a former Vice Chairman of Chase Manhattan Bank, has earned industry-wide recognition for technology management, for managing the merger office for two of the most successful financial mergers (Chemical/Manufacturers Hanover and Chemical/Chase), and for his leadership in key financial and business strategy issues. At Chase, Mr. Sponholz was the Corporations' most senior IT executive, overseeing $3 Billion of annual IT spend. In e-commerce, he launched Chase.com and oversaw investments in several financial technology companies, including the Small Value Payments Company (as Chairman), Spectrum, a bill presentment and payment joint venture with Wells Fargo and First Union and Identrus, an industry security consortium. He also served on the Board of BITS (Banking Industry Technology Secretariat), and chaired its meta-architecture project. Previously, he was the member of the Executive Committee with responsibility for Chase Technology Solutions, a business with more than $600 million in annual profits and $3 billion in annual revenue. Immediately prior to Chase, Mr. Sponholz held key positions with Chemical Bank as head of strategic planning, the bank's first Chief Technology Officer, and later as Chief Financial Officer. Prior to joining Chemical Bank, Mr. Sponholz was a Partner at Booz Allen and Hamilton.