In order to maintain its industry-leading services in the EB-5 and 1031 Exchange businesses, NES Financial’s recent reorganization has created dedicated business units to do just that in addition to accommodating its rapid progress into the private equity fund administration market.

Reid Thomas has been named the Executive Vice President and General Manager of the new EB-5 and 1031 Exchange business unit opposite General Manager Dan Yoder and the Private Equity business unit.

“[Creating dedicated business units] allows us to continue to innovate new solutions, continue to lead in the marketplace, and provide the highest level of value to our customers,” said Michael Halloran, Chairman and Chief Executive Officer of NES Financial. “Reid has been critical in the company’s ability to consistently deliver value to our customers and help enable their success.”

Thomas, who has been instrumental in the significant growth of its EB-5 and 1031 Exchange businesses, will continue his hands-on brand of management and renowned industry involvement in his expanded role. 

“NES Financial has consistently been the leader in providing critical capabilities to the industry through innovative administration solutions that ensure their ability to navigate the changing landscapes of complex financial transactions,” said Thomas. “With the EB-5 and 1031 Exchange business unit in place, we will be able to increase our focus on delivering innovative solutions and the highest standards of service to our customers during a period of opportunity and growth in the industries.”

Read the full press release by clicking here.

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