Stephen J. Rotella, The CEO With A Passion For The Arts

Mr. Stephen J. Rotella serves as the chief executive officer at StoneCaste Cash Management, LLC. As president, Steve Rovella is directly responsible for setting up the strategy and direction with the partners in the firm as well as managing the day to day operations. Steve has been influential in building Stone Castles’ cash management products and services. Under his tenure, StoneCastle, a wholly owned subsidiary, has evolved into an industry leader in funding alternatives for regional, community banks, and cash management for institutions.

 

Steve Rotella has accumulated over 30 years of experience in strategic and operating leadership in the banking and the financial sector. Mr. Stephen Rotella has broad experience in marketing, organizational development, product innovation, large scale operations management, and retail and internet banking. Before Moving to StoneCastle, Steve spent 18 years at JP Morgan Chase where he served as the CEO of the 4th largest Home lender in the country, Chase Home Finance. Steve also served as a member of the executive committee. Mr. Rotella received his Bachelor’s degree in Economics from the University of New York at Stony Brook in 1975. He acquired his MBA in Finance and Information Systems from the State University of New York.

 

On Feb 1, 2016, under the leadership of Steve, StoneCastle Insured Cash Sweep, LLC acquired the insured deposit business of the Intermedium Financial, LLC. The transaction included the InterLINK FinTech platform and the related assets. The acquisition fulfills StoneCastle’s strategy of expanding its reach to 401k, broker dealer, financial advisor, and additional segments to cement its position as a market leader as a provider for insured deposit.

 

Steve’s work is also known for his dedication in serving the community with a focus on the arts and on helping the needy. Previously, he served on the Boards of The Seattle Foundation, ArtsFund, BalletMet Columbus, Youth Care and he is still an active patron of the Jazz at Lincoln Center. In 2015, he took over as the Chairman of LIFT from the experienced businessman, Michael Gilligan. LIFT helps poor parents of young children to minimize the cycle of poverty in the US.

 

 

The End Citizens United PAC looking to amend the constitution

Not many of the recent events have been as historic as the presidential election that was just concluded. There was a lot of controversy surrounding the entire process and the country was no doubt polarized. Perhaps that most shocking part was the manner in which the election was won. During the entire process, there were groups that had come out to support their preferred candidates. The End Citizens United PAC was one of the most active groups in this category. They started by looking for candidates who were in line with their agenda to support, and then started raising the funds that they needed to do the same. When the year was starting in 2015, the group had raised $3million and they were hoping that by the end of the year, they would have raised more than $30million.

They expanded their influence by looking for more candidates from the Democratic Party to support and by the end of2016; they were supporting 11 more candidates. They organized and contributed the money that was used in most of the campaign. By the end of the year, the group had expanded their influence to a membership of more than 300,000 followers. One of the issues that they have been having an issue within the American politics was the fact that there is an amendment that was made which allowed super PAC to be part of the elections process. The group feels that this has been allowing a lot of negative influence from wealthy individuals into the politics. They state that because of the amendment, groups such as the Koch Brothers and their unclean money are finding their way into the politics.

After the conclusion of the elections, they have decided that the next frontier for the will be looking for a way in which this amendment can be turned around. Their proposal is to get the signatures that are needed to get a hearing from the Supreme Court. They have been working hard at getting these signatures. They joined hands with the ‘Ready for Hillary’ group which is estimated to have more than 4 million followers. This is in the hope that the group will help boost their signatures and help them get their day in the Supreme Court.

The management of the group said that they were also looking for ways to separate the financial operations of the group from the rest of the functions. He stated he understood how ambitious it was to push for a change in the constitution, something that hadn’t happened in the country since 1992, but he knew that if anyone could make this happen it was this Pac. They are still hopeful that they will have success in their quest.