Archive: October 2018

Jose Auriemo Neto featured by the BoF

Have you ever hear about BoF 500? BoF stands for “Business of Fashion.” This is an organization that recognizes people who are showing efforts in making sure that the fashion industry thrives. It is estimated that this industry is worth over $2.4 trillion. The BoF editors handpick the prominent people who are featured every year. One of the latest personalities to feature in this list is Jose Auriemo Neto, a Brazilian CEO of JHSF.

JHSF is a real estate development company. One might wonder what the relationship between these two is. JHSF has built some of the most magnificent shopping malls in Brazil. Through these malls, Auriemo Neto has partnered with top international brands such as Valentino, Hermes, Pucci, and others. They are now occupying stores in the Cidade Jardim all. It is through this initiative that he has created that BoF recognized how much he has contributed to changing the face of fashion in Brazil.

Jose Auriemo Neto is the chairman of JHSF Participações SA. His father started the company as a real estate business. It has mainly been involved in the development of residential and commercial properties. This company has done a great thing in making sure that Brazil does not lag in the industry. If you look at the way this company has been operating, there is no doubt that it is one of the biggest companies in the world.

Jose Auriemo has also served as the CEO of the company and overseen the development of the company. He was responsible for all developments that were taking place in the country. In the period that he has been in the country, he has managed to transform the high-end real estate industry in Brazil, with the construction of the most magnificent structures. JHSF has real estate properties in the cities of Manus, Salvador and Sao Paulo.

GreenSky continues making headway towards possible IPO

When David Zalik founded GreenSky Credit back in 2006, he was willing to risk literally everything he had on the future of a business that he strongly believed in. Zalik couldn’t find any bankers who wanted to extend him the more than $10 million that he needed to get GreenSky off the ground. He finally came to realize that the business model that he was proposing was so new and untested that he would have to self-finance his entire venture. He effectively reverse-mortgaged his entire $12 million worth of real estate holdings. If the company would have failed, Zalik would have lost everything for which he had ever worked.

Good bets usually pay off

But it turned out that Zalik knew what he was talking about even if he wasn’t able to convince risk-averse bankers that he did. GreenSky quickly proved to be a smashing success, doing tens of millions of dollars in loans in its first year. The irony in all of this is the fact that Zalik himself, despite his willingness to take huge risks with his personal funds, was in the process of building a company that had one of the most conservative business models of any tech firm that’s ever been started.

In retrospect, the GreenSky business model that Zalik was proposing to bankers is so sound that it is amazing that none of those same people who have spent their entire lives in the lending business would have realized what a sure thing it was. The GreenSky model essentially amounted to only going after the absolute best borrowers and connecting them at the point of sale with some of the top lenders in the country, making instant loan offers in the five- to six-figure range.

The key to the success of the company was the fact that Zalik had found an opportunity that other lenders had long overlooked: customers looking to remodel their homes that simply didn’t have the liquidity on hand to complete the projects. But this market has turned out to be worth billions and billions of dollars each year. As GreenSky continues to grow, the company is now worth as much as $10 billion.

Malcolm CasSelle Making Great Strides in Global Virtual Marketplace

Malcolm CasSelle is businessman and entrepreneur who is the President of Worldwide Asset eXchange(WAX), and CIO of OPSkins. He holds a Bachelor of Science and Master’s Degree in Computer Science from MIT and Stanford respectively, and is fluent in Japanese, with working knowledge in Mandarin. The focus of Malcolm’s career has been in Entertainment (video gaming), Technology (block chain), and Commerce (virtual Marketplace) in which he has made remarkable impacts in these industries. Those who have worked with him attest to his gift of being able to create, build, and successfully grow teams, and companies.

As a co-founder of OPSkins, (an online trading platform for gamers), Malcolm applied the best features of the OPSkins platform, and created Worldwide Asset eXchange (WAX), which allows video gamers to collect and trade in-game virtual assets with anyone around the world. These virtual assets referred to as “skins”, are achieved by gamers when reaching milestones, or buying them directly through the game. These skins allow gamers to customize their character to differentiate themselves from everyone else. This is huge because it gives them a sense of entitlement, accomplishment, and bragging rights!

With the new WAX platform millions of traders can buy, sale, or trade all on one platform thereby allowing buyers to immediately purchase virtual goods at the best prices, and sellers, quick payments via the use of WAX Tokens. These tokens are used for purchasing in-game digital items in exchange for cryptocurrency, and act as smart contracts used during digital transactions.

To circumvent issues with security and fraud that have been seen in many trading models, WAX integrates the use of blockchain technology which is a decentralized, distributed and shared ledger that’s used to record transactions across many computers. These transactions are digitally signed to ensure its integrity and authenticity giving buyers and sellers the confidence to do business without potential fraud.

As an entrepreneur, Malcolm enjoys building new things, and solving interesting problems as he’s done with many of his projects and businesses. Some of his hobbies include making music and video art, yoga, painting, and drawing.

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Gareth Henry is Employed at the “Credit-Focused Hedge Fund Firm of the Year”

In the year of 2011, the Institutional Investor presented Gareth Henry with its “Rising Star” award at the Institutional Investor’s 9th Annual Hedge Fund Industry Awards. Gareth Henry was so awarded by the Institutional Investor for everything he has done in the hedge fund industry. Mr. Gareth Henry is a managing director with the Fortress Investment Group, who is placed in charge of running marketing efforts and investors relations initiates for the Fortress Investment Group’s Liquid Markets. Gareth has been so charged ever since his transfer from the Fortress Investment Group in London to the United States branch back in the year of 2007. Mr. Henry completed his actuarial mathematics studies at the University of Edinburgh in Scotland with a degree therefrom. Gareth Henry also belongs to the Fellow of the Institute of Actuaries (UK) and the Fellow of Society of Actuaries (USA).

The Institutional Investor also singled out Mr. Henry’s firm, the Fortress Investment Group LLC, with the “Credit-Focused Hedge Fund Firm of the Year” award for the firm’s great efforts in 2010. The “Credit-Focused Hedge Fund Firm of the Year” award is dispensed out only to those firm within the hedge fund sector that has distinguished itself for being innovative, as well as having achieved and contributed to the industry in the preceding year. The Fortress Investment Group LLC was founded by Wesley R. Edens, Rob Kauffman, and Randal Nardone in the year of 1998 and has approximately $43.1 billion in assets entrusted to it, while its Credit team of over 300 investing professionals handles $13 billion in assets for institutional investors and private clients around the world. The Fortress Investment Group LLC also happens to be traded in the New York Stock Exchange under the stock ticker symbol of “FIG” whenever the stock market is open for trading.

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Aloha Construction Wins A Very Important Award From The Better Business Bureau Honoring Its Ethics

Aloha Construction was recently honored with the Torch Award from the Better Business Bureau (BBB). The award honors companies who demonstrate excellent ethical practices within their business and is given to a small spread of companies every year. Each nominated company must go through a rigorous screening process, and Aloha Construction passed all of these tests, which ended in it receiving the 2017 Torch Award for Marketplace Ethics.

Aloha was chosen based on its passion, dedication, and willingness to improve the community it works in. The Torch Award Program began in 1996, and companies who receive it have gone through the very close inspection of the BBB. The ethical standards of any company who is nominated must be very high, and the leadership within the company must adhere to ethical practices, both, in work and their daily lives. Winning the award shows just how dedicated Aloha is to providing quality work and to improving its community.

Aloha Construction is a construction and general contracting company that was built in 2008. It is family-owned and operated and has finished more than 20,000 projects, to-date. The company operated out of Illinois and Southern Wisconsin and is the top contractor in these regions. Aloha is a member of the National Roofing Contractors Association, the Building Trades Association, and the Chicago Roofing Contractors Association  and is fully insured, bonded, and licensed.

Aloha is also involved in giving back to the communities it serves in, and its president and chief executive officer, Dave Farbaky helped to create the “Building Better Communities” campaign. This campaign worked to fund organizations that give children with cancer an opportunity to go camping. Aloha has also helped younger athletes by offering them sports sponsorships. The company is an all-inclusive contractor that has built a positive reputation over the years and plans on continuing to do so.