Stephen Rotella – Keeping The Growth Momentum At StoneCastle

Stephen Rotella has extensive experience of over 30 years in the field of financial services with the focus on operations and strategic planning. He has broad experience in working in different corporate spaces, such as internet banking, retail, marketing, asset management, management of large scale operations, and more. Steve got Bachelor’s Degree in Economics from Stony Brook University in 1975, after which he joined the University of Albany, SUNY for pursuing his Masters in Business Administration majoring in Information Technology and Finance.

Steve started his career by joining Accenture in 1978, where he worked as a Senior Consultant for two years. From Accenture, he moved on to enter the Reserve Group as Vice President Product Development where he worked from 1980 to 1984. While working with The Reserve Group, Steve got the opportunity to know more and gain practical experience of working on asset management and money funds. He even helped with the devising financial tools for the customers and providing custom financial solutions as per the client’s requirements.

In 1984, Stephen Rotella joined Shearson Lehman Inc as the Vice President and served the company for the next three years. He later joined J.P. Morgan in 1987, where he continued to work for the next 18 years as CEO – Chase Home Finance. During his tenure with J.P. Morgan, he understood the dynamics of financial services sectors in and out, and this helped him develop better products and plan strategies that would involve fewer risks, more focus on value, and higher returns.

In 2005, Steve quit J.P. Morgan to join WaMu as the President and Chief Operating Officer where he worked for close to four years. Currently, he is the CEO of StoneCastle Cash Management, and the President at StoneCastle Partners, LLC. Steve is also an active philanthropist and is attached to many charitable causes and organizations. He was recently appointed to the position of Chairman of the National Board at LIFT, which is a non-profit organization that seeks to uplift the situation of non-privileged families that are going through tough times. It does so by empowering the family members and connecting them with the LIFT’s dedicated volunteers. It does so by giving the members access to social and personal rehabilitation tools and techniques, while also helping them develop skill sets that would get them a job and secure a better financial future.

Under Steve’s leadership, StoneCastle has seen massive growth, and the company is involved in making some key deals, such as buying the insured deposit sweep business from the Intermedium Financial, LLC. As the company aims to become the market leader in the insured sweep industry, this acquisition would give StoneCastle an edge over its competition and help explore a wider market.