Basking Ridge Resident Esposito to Seek GOP Endorsement for Bernards Twp. Committee

Joseph Esposito, who is seeking the Republican endorsement for Bernards Township Committee. Credits: Courtesy of Joseph Esposito
Bernards Township seal. Credits: File photo

BERNARDS TWP., NJ – Basking Ridge resident Joseph Esposito has announced that he will be seeking the GOP endorsement as a candidate for the Bernards Township Committee at the Republican Committee's annual screening meeting on March 19.

Esposito, of 22 High Hill Court, is a nineteen-year resident of Basking Ridge along with his wife of 25 years, Debra, and their three children.

“As a leader, one must never forget that being granted the public’s trust is a privilege, and that the process of governance must be inclusive and transparent,” Esposito said in a news release this week.

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“As a political outsider, I will work towards expanding the membership of my party, insuring that it continues to thrive in its leadership role. The level of involvement from private
citizens with the recent Stop the Quarry Plan movement is a clear signal
that change is desired. I want to be that change.”

Deeply committed to improving the quality of life for communities and families, Esposito is a 2017 graduate of Leadership Somerset, a year-long leadership program with the goal of producing leaders who are dedicated to their communities by fostering a greater familiarity with Somerset County leaders and resources. To that end, Esposito was named a Board Member of EMPOWER SOMERSET, a non-profit agency whose mission is to assist individuals and families in sound lifestyle choices and fostering healthy,
drug-free communities. Esposito is also a member of the Somerset Hills YMCA Special Needs Parents’ Committee where he serves to support and advocate on behalf of family members and guardians of adults with special needs.

“My wife Debra and I were drawn to Bernards Township’s small town rural character and I want it to remain that way for future generations. State mandated fair share housing and its hand in overdevelopment is a very real threat to our town. There are grass root movements forming in our state in
search of a more reasonable solution.  Common sense needs to play a role. I have the energy and mind set to engage and pursue those efforts,” Esposito said.

“I believe that my legal and operations background and project management experiences are unique and will serve the community well. We are facing some significant challenges,” said Esposito, “specifically, upgrades to our infrastructure, as mentioned during a recent Township Committee meeting. Of course, we must maintain our fiscal conservatism, and my negotiation experience and business building background will help manage the process in the most efficient manner possible.”

Esposito earned a J.D. from the New York University School of Law and holds a B.S. cum laude, in Computer Science from St. John’s University, New York.

He has more 25 years of experience in the alternative investment industry. Since February of 2016, he has been a Partner in ManagementPlus Group (MPG), an international governance and ancillary management services firm, which is based in Luxembourg, and has representative offices in the Cayman
Islands, Singapore and the United States. The firm provides directorships, investment management and consulting services to the alternative investment industry.

Prior to MPG, Esposito was Senior Managing Director, Co-Chief Operating Officer and Chief Legal Officer of Blenheim Capital Management, L.L.C., as well as a senior executive and director of several of its affiliates. Blenheim was a New Jersey based commodity focused hedge fund manager.

Esposito spearheaded efforts to upgrade the firm’s infrastructure and operations, as well as leading its expansion from a U.S. firm managing less than $500 million to a global organization with assets under
management of $9.1 billion in 2011.

Esposito joined Blenheim in May of 2005 after a thirteen-year career with Goldman Sachs Hedge Fund Strategies LLC (formerly Commodities Corporation) based in Princeton, serving as its General Counsel and Corporate Secretary at the time of his departure. As General Counsel, he led the legal and compliance team responsible for supporting the firm’s propriety investment activities, hedge fund of funds business and foreign exchange trading desk. He began his professional career at the New York
offices of the law firm of Cadwalader, Wickersham & Taft.

“Through my involvement with the stop the quarry efforts, I had the opportunity to meet and work with our Freeholders and other county personnel -- as well as Township Committee members in neighboring
communities,” says Esposito. “I believe that as a fresh face on the Township Committee, I can strengthen and build upon those relationships, and again, find ways to cut costs and preserve our town through greater cooperation. I am excited for the challenge and look forward to serving
the citizens of Bernards Township.”

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