StoneCastle Cash Management, LLC seems to be enjoying their CEO’s experience in the business industry. Stephen J. Rotella, the CEO, has expansive experience and affiliations in the finance industry. In addition to working as the current CEO, he worked as CEO of Chase Home Finance. He was previously the president of Chase Manhattan Mortgage Corporation and has served in the same institution as a vice-president in 2001. He joined WMI Holdings Corp in 2005 and served as its president and chief operating officer until 2008. He juggled between his administration duties and also run the retail, mortgage and commercial lines of the company. He has also served in other numerous leadership positions in the business industry which have helped him gather much more experience.
He acquired a degree in economics in 1975 at the State University of New York, Stony Brook. Three years later he acquired his master’s degree in Finance and Information Systems in Albany at the State University of New York. In addition to his work he is an outstanding member of the society. Stephen is part of the board of several philanthropic movements in U.S such as The Seattle Foundation, YouthCare, BalletMet Columbus and ArtsFund. He was recently elected as chairman of the LIFT National Board that works to enhance the services provided to the parents of young children in an effort to eradicate poverty in the U.S. Stephen Rotella also contributes towards art in order to help the less privileged. He believes that there is nothing more satisfying than knowing that your contribution big or small has helped someone else live a better life.
Under Stephen’s leadership, StoneCastle Cash Management was able to acquire Intermedium Financial, LLC’s insured deposit sweep business. This move has helped achieve their expansion strategies into broker dealing and financial advising among other market segments strengthening its position as a leading insured deposit providing institution. Stephen gave a statement saying that this move will help them serve their clients better and maintain their outstanding performance in delivering deposits. The company offers institutional investors insured cash solutions. The company’s success is also partly enabled by their partnership with Charlesbank and CIBC who are world-wide recognised capital partners.