NEW YORK, May 10, 2016 /PRNewswire/ -- StoneCastle Cash Management, LLC ("StoneCastle"), announced today that Howard Jonas, industry veteran, has joined the firm's sales team as a Director in its institutional cash management business.
Howard's career spans more than twenty years of sales and relationship management in the institutional cash management markets. He joins StoneCastle from BlackRock Financial Management Corp, where he was Managing Director, Head of Corporate Sales, Cash Management Group.
"We are delighted to welcome Howard to our team," said Eric Lansky, President of StoneCastle. "We are planning for anticipated increased demand and faster growth as the SEC moves toward the full implementation of money market fund reform. Howard's deep experience and proven record of success in our industry will further augment our strong team and enable us to meet our current and future plans."
"StoneCastle is a widely respected cash manager that recognizes the importance of providing innovative liquidity products and cash management solutions that address clients' needs," said Jonas. "I'm excited to join the team and look forward to building on StoneCastle's success."
"With volatility clearly on the horizon for money market mutual funds, institutional investors are seeking alternatives to reduce the potential risk and uncertainties associated with money fund reform. StoneCastle is uniquely positioned with its cash management products to address those concerns and provide alternative solutions," added Jonas.
StoneCastle is a leading provider of liquidity and cash management solutions servicing the nation's leading community banks, corporations, municipalities, public funds, foundations, endowments, hedge funds, wealth management and private equity firms. StoneCastle is not a bank, nor does it offer bank deposits and its services are not guaranteed by the FDIC or any other governmental agency. StoneCastle is an investment adviser registered with the SEC. For more information regarding the firm, please see its Form ADV Parts 1 and 2A on file with the SEC. Registration with the SEC does not imply a particular level of skill or training. StoneCastle is a wholly owned subsidiary of StoneCastle Partners, LLC. StoneCastle Partners, LLC was founded in 2003.
The views expressed in this investment report represent the opinions of StoneCastle. All information contained herein is for informational purposes and should not be construed as investment advice.
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SOURCE StoneCastle Cash Management, LLC