SAN JOSE, Calif., March 23, 2017 /PRNewswire/ -- NES Financial, a Silicon Valley FinTech company providing technology-enabled solutions for efficient back and middle office administration of complex financial transactions, announces the appointment of Bill Salus, Founder and CEO of Paddock Consultancy, to its Private Equity Advisory Board.
Named in Global Custodian Magazine's Securities Services Hall of Fame, Mr. Salus has over 30 years of experience in sales, management, and consulting in the global investment and financial services industry. Most recently he led Apex Fund Services, a leading fund services company, as Global Chief Executive Officer. Mr. Salus has held senior positions at BNY Mellon, PNC Global Investment Servicing, KeyCorp, and Bank of America. He also serves on the Finance Committee for the Ronald McDonald House of Wilmington, DE and is a member of the 2017 Committee of Hearts, Hedge Fund Cares.
"With Bill, the company gains the experience of someone who has been there and done that in our industry, but also someone with an informed perspective on where the industry is going, and the value of the innovative data-driven fund administration we're bringing to the market," says Michael Halloran, CEO of NES Financial.
The company is addressing the evolving operational and services needs of the private equity market with an innovative third-party Fund Administration Solution. Aimed at helping private equity firms raise and retain capital more efficiently and effectively, the solution reduces operational risk by improving compliance and data security, creating greater transparency and service to limited partners, and utilizing data analytics to generate valuable business intelligence for general partners and managers.
Mr. Salus points out, "NES Financial has recognized the emerging needs in the Private Equity Fund Administration space and has developed next generation technology that is revolutionizing the industry. They're focused on leveraging those innovations to deliver operational excellence, reduce administrative costs, while also providing the kind of valuable business intelligence today's savvy GPs and investors are looking for from fund administration."
About NES Financial
NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, we offer industry-leading fund administration, loan servicing, specialized EB-5 administration, and 1031 tax deferred exchange services. Our unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 11 consecutive years of successful independent audits of our technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $75B of 1031 transactions annually, and has worked with over 550 EB-5 projects. For more information, visit www.nesfinancial.com.
SOURCE NES Financial