Leading Provider of Financial Services Solutions “Precisely Positioned” to Deliver Needed Transparency, Security and Compliance
SAN JOSE, CA May 25, 2010 – NES Financial (NESF), a leading provider of financial services solutions for the banking industry and Fortune 500 companies, has elected technology executive Rick Garibaldi to serve on its Board of Directors. Garibaldi, now a private investor, brings more than two decades of senior executive experience to NES Financial, specializing in sales, corporate growth and positioning companies for successful public offerings.
NES Financial has demonstrated impressive growth over the last 18 months, setting record revenues and profits in a down market. The privately held company has grown through acquisition, new strategic partnerships and adding new clients in key industry sectors that require administration of complex escrows and trusts.
“Rick Garibaldi has the experience, relationships and insight to help grow NES Financial as we move forward, and is an important contributor on our board,” said Michael Halloran, president and CEO of NES Financial. “As NES Financial continues to see impressive growth, we will benefit from the experience of Rick and the other industry leaders on our board to help guide our company as we move to the next level.”
“NES Financial is well positioned to serve their clients with solutions that deliver what consumers demand: secure, compliant solutions that provide full transparency,” said Garibaldi. “More than ever, NES Financial’s message resonates with business and the public; the company is expanding its solution set to deliver the same important value proposition across multiple industries that can serve to re-establish trust in funds administration.”
Rick Garibaldi brings more than 25 years of senior executive experience to the NES board. He has served as an executive in technology sales, sales management, and general management for companies including First Data Corp, IBM, Electronic Arts and Hitachi Data Systems. As a general manager, Rick managed a large multi-million dollar data center operation providing computer services to financial institutions in the western United States.
About NES Financial
NES Financial (NESF) is the nation’s leading provider of secure, transparent and compliant financial administration and 1031 exchange solutions for Fortune 500 companies, financial institutions and law firms. Combining proprietary state-of-the-art technology and outstanding client services with subject matter expertise in trusts, escrows and 1031 exchanges, NESF delivers flexible and scalable solutions that safely process over 70 billion dollars each year.