Reid has been critical in the company’s ability to consistently deliver value to our customers and help enable their success.
San Jose, CA (PRWEB) May 04, 2017
NES Financial, a Silicon Valley FinTech company providing technology-enabled solutions for efficient back and middle office administration of complex financial transactions, announced today that Reid Thomas will be the Executive Vice President and General Manager of its new EB-5 Business Unit.
“NES Financial has grown to the point that we need dedicated business units to handle the rapid growth and changing demands of EB-5 and Private Equity sectors. This allows us to continue to innovate new solutions, continue to lead in the marketplace, and provide the highest level of value to our customers,” said Michael Halloran, Chairman and Chief Executive Officer of NES Financial. “Reid has been critical in the company’s ability to consistently deliver value to our customers and help enable their success.”
During his seven years with NES Financial, Reid has been instrumental in the significant growth of its EB-5 business, establishing the Company as the leading provider of technology-enabled administration solutions specially built for the EB-5 industry. To date, NES Financial has provided administration solutions to over 560 EB-5 projects, representing more than $26 billion of target capital raises.
“The EB-5 sector is poised for its next stage of transformational growth. Legislative pressures for increased robust integrity measures, and broader application of EB-5 capital into distressed urban and rural environments translates to greater pressures on the marketplace to adapt to these new requirements,” said Mr. Thomas. “NES Financial has consistently been the leader in providing critical capabilities to our customers through innovative administration solutions that ensure their ability to navigate the changing EB-5 landscape. With the EB-5 Business Unit in place, we will be able to increase our focus on delivering innovative solutions to our EB-5 customers during an unprecedented period of opportunity and growth in the industry.”
In addition to helping develop and launch the Company’s full suite of Intelligent EB-5 Administration Solutions, and creating the first-of-its-kind EB-5 partner program (NES Financial Medallion Partners), Reid’s active leadership role in the EB-5 community has made him a sought-after speaker at industry events and conferences, as well as a contributor to numerous EB-5 books, articles and publications.
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 NES Financial.