You don’t need to look very far to see obvious examples of what the work of Equities First Holdings has done to the world of finance. They’ve created one of the best business models out there for giving people loans. By using securities as collateral, Equities First has managed to make itself a pioneer in the lending industry. No longer do clients worry about whether their credit is good enough to obtain a loan. They can now find the lending they need on their own terms. The Equities First business model has become so successful that the company is now looking at ways to open up branches in Australia as well.
This new branch would focus primarily on finding ways to give Australians access to loans through their securities. Securities are not normally associated with the world of lending. Most lenders expect their clients to rely on their credit to obtain loans, but for a large number of people it simply isn’t possible. This is why securities make such good collateral on loans. They are something that most people interested in starting their own business are going to have. All Equities First Holdings needs to do is make sure they control it.
Wesley Robert Edens, popularly known as Wes Edens is a successful businessman in the United States. He is as well an investor and owns a basketball team. Wesley o also famous for co-founding Fortress Investment Group. The alumnus of Oregon State University has a degree in Business Administration.Wes began his career in business over three decades ago. He started by working at the Lehman Brothers. He served the company as a managing director. He also made partner in this firm. From Lehman, Wes Edens joined BlackRock Asset Investors and worked with the firm for four years. Here he held the same positions as in Lehman Brothers.
From BlackRock, Wes proceeded to Fortress Investment Group. He became a part of the five founders that established the firm. He, together with the other principals, created the company a year after leaving his job at BlackRock Asset Investors. Fortress Investment Group has grown to be one of the most successful investments firm in the country. The co-founders of this firm decided to make the company public in 2007. They opened up investment opportunities for the public. People could from then buy shares of the firm. As of now, the company has traded approximately 10% of its shares to the public. These shares gave earned the firm hundreds of millions of dollars. Fortress Investment Group has a lot of assets in its name. The company owns both the private and public equities. It also has equity funds as well a number of hedge funds.
The company has also explored the real estate business and owns a couple of vehicles. Wes and his other partners gained a lot of wealth when a Chinese- based company bought a portion of their firm. The firm acquired 155 of Fortress Investment Group for over 800 million dollars.Two years after the establishment of Fortress Investment Group, We Edens was made the Co-Chairman. Through this position, Eden has steered the company to greater financial achievements. In his administration, Fortress came up with an application called eSports. This application provides video gaming platforms. It is also during his reign that the company acquired Springleaf Financial Services, which was formerly known as AIG. This acquisition improved Fortress’ financial status. Fortress bought 80% of Springleaf’s shares. After that, Wes was elected the Chairman of Springleaf Financial Services. Far from Fortress, Wes Chairs a company called Nationstar Mortgage. This is an asset mortgage firm. The company was purchased by Fortress Investment Group over a decade ago.
For his education, Peter Briger obtained a Masters in Business Administration (MBA) from the Wharton School of Business at the University of Pennsylvania. He also holds a Bachelor of Arts degree from the Princetown University. Over the years in his career, Peter has specialized in finance as well as in investment.
Peter Briger has extensive experience in the investment sector. He has had many accomplishments and risen to top management. Due to his diligence and professionalism, Briger rose to partner level during his work time at Goldman, Sachs, and Co. The company promoted Peter to partner level in the year 1996. He spent more than 15 years at the company. During his reign at Goldman, he was responsible for management of business operations as well as ensuring teamwork at the company. He assisted in departmental management. He had a hand in Goldman Sachs Special Opportunities Fund in Asia as well as the involvement of Goldman in business in distressed debt for the Asian region. He was head of trading business in the company.
Role at Fortress
Peter Briger serves as co-principal as well co-chief executive officer at Fortress. He also acts as member to board of directors of the investment firm since the year 2006. Additionally, he has benne serving as management committee member since the year 2002. At Fortress, Peter Briger leads the Credit business of the firm. He is based in San Fransisco. The firm has headquarters in the city of New York. Peter is also experienced in leadership, management as well as financial issues. Peter leads a team of over 300 professionals in credit business. The team specialize in analyzing undervalued assets, as well as distressed or illiquid credit assets. Fortress Investment Group is a global investment as well as fund manager offering clients alternative portfolio investments. The company manages over $43 billion for hundreds of clients internationally.
In addition to the passion for investment and finance, he also contributes generously to numerous causes. He supports many institutions and programs such as Hospital for Special Surgery, which is a hospital in New York providing orthopedic surgery. He also contributes to Global Fund for Children which is a charity focusing on initiatives that assist needy children around the globe. He also contributes to Tipping Point, which is an institution promoting social justice. Caliber Schools are other institutions where he contributes. He also contributes to the Central Park Conservancy, which aims to protect the Central Park in New York.
Rational thoughts are a thing of the past when it comes to creating news these days. Reporters will only chase after a story that deem terrorizing or sad, or upsetting enough. That is why everyone needs to read news articles like this one. This news on Equities First Holdings will have you being more happy than you have been in awhile. The EFH company, time is important, as well as many other things. However, one of the most important things to them is partnerships and making relationships last. So, the company is hoping that their new partnership with the ETC company will give them the lasting relationship they are looking for.
With the Equities First Holdings company you will be able to just throw out any of those fears that have been being stored in the back of your mind about being unimportant in comparison to the rest of the clients. With the EFH company, every client matters.
The Greater New York City is an investment hub with numerous investment companies and even greater number of highly qualified industry professionals including financial advisors. Only those financial advisors with the experience, skills and education background have the capability of landing high net worth customers. One such individual who has developed a reputation beyond financial advisory and into executive management is Vincent ‘Vinny’ Parascandola: a veteran New York-based financial advisor currently serving as the senior executive vice president of AXA U.S.
Executive Management at AXA Group
Vinny Parascandola is a veteran at AXA Group having joined in 2005 AXA Equitable as executive vice president. His excellent management record led to his appointment in 2008 as the president of Advantage Group, which is an affiliate of AXA Equitable. His rise through the company ranks continued with the appointment as the president of Northern Division of AXA Equitable in 2009. His one year stay the division overlapped with his appointment to head the Continental Division in 2009 for over three years. As the president of Continental Division, Vinny Parascandola was tasked with overseeing all the management operations including human resource development, sales and compliance with regulations. His responsibilities were later expanded in 2012 following his appointment as the division’s chief sales officer in addition to serving as the president. It is from the Continental Division that Vinny Parascandola to AXA US where is currently serving as the senior executive vice president tasked with overseeing the growth and development of the Woodbridge, New Jersey-based entity.
Professional Career Beyond AXA Group
Vinny Parascandola is a trained computer analyst having graduated with a Bachelor of Science in Computer Science degree from Pace University’s Lubin School of Business. This was the launch pad of his career in financial services. He joined the industry with a system analyst position in 1986 at Irving Trust Company before becoming an agent at Prudential Insurance in 1988. However, it was his long stay at The MONY Group that equipped Vincent Parascandola with important executive management skills. In an association that lasted over ten years, Mr. Parascandola rose through the company’s ranks to become one of its senior executives. By the times he left to join AXA Equitable, he had become The MONY Group’s field vice president having joined as a financial professional.