Mike Baur is the co-founder and CEO of Swiss Startup Factory. The company was formed in December 2014 and has since grown to a multimillion corporation. Mike was among the five members who created and started the initiative and have funded its activities and growth. The company has 43 offices which are located in North America, Europe, and South America. The goal of Swiss Startup Factory is to finance different businesses during their first three months and offer coaching, office space and mentoring to young entrepreneurs. The company has become useful in financing organizations and businesses in their early stages until they stabilize.
Education and work background
Mike is an MBA holder from University of Rochester New York and an Executive MBA from the University of Berne. After graduating, he spent 20 years working in Swiss private banking. During this period, he rose to different ranks and the epitome being an executive board member of the Swiss private banking. In 2014, he began a new entrepreneurial journey together with two members. The Swiss Startup Factory was born in this year. The company is currently the number one in providing ICT Startup Accelerator in Switzerland. Over the two years, the company has enjoyed rapid growth with profits increasing to millions of dollars.
The role of Mike Baur in company management
The position of a Chief Executive Officer in a company is quite involving, and Mike has managed to act in full capacity and steer the company to new heights. Being a co-founder in the business, he understands the best decisions that will influence actions of his staff and other board members. The oversight role on all projects undertaken by the firm is approved by his office. He has played a leadership role through being on the foreline in implementing new offices and setting new goals. Through his experience in banking, he encourages teamwork for achieving the company goals.
Mike Baur has been involved in many seminars and programs of assisting investors. Starting a business and running it to be successful needs more than the money invested in a project. The training and mentoring of entrepreneurs is the most useful stage. Incubation programs are organized where staff members of a business are trained by professionals from Swiss Startup Factory over a period of three months. In numerous occasions, he has attended forums where entrepreneurs are starting up and gives advice on effective management and accounting.
Stephen Rotella grew up with an interest in the world of finance. In order to attain his dreams, he attended Stony Brook University where he graduated with a Bachelor’s Degree in Economics in 1975. Rotella continued his education and earned an M.B.A., specializing in Information Technology and Finance, at the University of Albany, SUNY in 1978. After graduating he started his career in the world of finance and banking and hasn’t looked back.
In 1978 Stephen Rotella started his professional career at Accenture where he served as a Senior Consultant. After a few years, he saw an opportunity to really advance his career and earned a position at The Reserve Group as a Vice President of Product Development. It was in this position that he fully developed his skills at asset management and analyzing funds. Between the years of 1984 to 2011, Rotella continued his climb up the corporate ladder, working in executive level positions for Shearson Lehman Inc., J.P. Morgan, and Washington Mutual.In January 2011 Rotella joined his current company, StoneCastle Partners, LLC. He has been the Chief Executive Officer of StoneCastle Cash Management since joining the company and was additionally named President of the parent company in 2014. This New York City area firm bridges the gap between the $2 trillion community banking industry and institutional investors. Under Stephen Rotella’s leadership, it was become one of the United States biggest asset management firms in its industry and currently has over $11 billion in assets under management.
StoneCastle Partners, LLC, has a number of subsidiaries operating under its umbrella including StoneCastle Cash Management, StoneCastle Securities, and StoneCastle Asset Management. The company offers liquidity and funding that is needed by both of the industries that it serves.In addition to his work, Rotella is also involved with a large variety of nonprofits as his way of giving back to the community. He serves as Chairman of the Board for BalletMet and Lift, Inc. He is also a board member for other nonprofits including The Papermill, Artsfund, YouthCare Seattle, and the Seattle Foundation.
In what may be perceived by many in the banking industry as a bold move to further expand its operations, NexBank Capital, has now ventured into the College Savings Bank scene full-speed ahead. According to John Holt, president and CEO of NexBank Capital Inc., College Savings Bank will continue its branding and name recognition status while maintaining primary operations under the banner of NexBank.
For those unfamiliar with College Savings Bank, it forms a safe-guard for those saving for college, retirement or any other numerous expenses while assuring its contributors that their funds will be held in a secure, stable and lucrative environment for now and future needs. To quote the financial institution’s slogan, “Your money will be there when you need it!”
In business to serve their clients and customer base since 1987, this division of NexBank SSB primarily concentrates on college savings and is a member of the Indiana College Choice CD 529 and Arizona Family College Savings Program-Bank Plan.
The NexBank Platform
As part of NexBank Capital Inc., NexBank spans across various diversified financial services via its three-prong core business strategy: commercial banking, mortgage banking and investment banking.
These results reflect NexBank’s efficiently run and profitable platform. “We have significantly increased earnings year-over-year and improved our asset and deposit channels, while prudently managing our risk and expenses,” said John Holt.
Having been established in 1922, the Dallas-based NexBank entity today enjoys more than $3.5 billion in assets as of June 30, 2016. In addition to the College Savings Bank division, NexBank offers advisory services to other banking entities such as corporate planning advice, advice to the real estate industry, middle-market companies, small businesses and some of the largest financial institutional clients in the market.