In The News
Nason and Nason and its principals are privileged to be featured or quoted frequently by the print media. The following are some articles where Nason and Nason, or its principals, have appeared in a variety of local media and international media. You can also access our Press Releases, dating back to the origination of the Firm.
El comienzo de una nueva era financiera en Estados Unidos
Mercado de Dinero - August 2010
En ello concuerda Denis Nason, analista de Nason & Nason, quien advierte que la reforma va a requerir que los bancos se capitalicen más, “lo que significa que van a prestar menos”, explica.
“Aquellos prestamistas más débiles (weaker borrowers, en inglés) van a ser los más afectados”, manifiesta Nason.
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What Lessons Learned From the Great Recession
Daily Business Review - July 28, 2010
Miami banking consultant Dennis Nason said that had the government not reacted immediately, AIG would have failed, major banks would have gone under and the FDIC would have been hard pressed to withstand the run on the banks. Ford would not have reported a profit and GM would be gone.
"Most TARP money has been repaid or is in the process of being paid so the effect on the taxpayer is misreported," Nason said. "To legislate that the government will never again use tapayer money to bail out the system is pure political rhetoric and to risk 30 percent unemployment, and a decade long depression would be irresponsible and forfeit the role of the federal government."
Click here to see the attached document.
Capital, qualified workers keys to small business recovery
Miami Today - May 27, 2010
New hires, a major indicator of economic recovery, are not proceeding as quickly as anticipated, said Dennis Nason, principal of Nason & Nason Search Consultants.
"We're seeing a lot of interviewing, but they're not pulling the trigger, and other search firms say the same," he said.
Click here to see the attached document.
Obama Signs Financial Overhaul Bill
GlobeSt.com - July 21, 2010
It would not be surprising to see this uncertainty spread to the CMBS market, says Dennis Nason, CEO of Nason & Nason, an executive search firm for banking and finance based in Coral Gables, FL, and a former investment banker with Wells Fargo and Citigroup. “This law will have an impact on anything that requires ratings, and right now everyone is second guessing whether they have rated an asset correctly or not,” he tells GlobeSt.com.
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You Just Got Fired. Now What?
Yahoo! Hotjobs - July 12, 2010
Dennis Nason, CEO of Nason & Nason, an executive recruitment firm, adds, "If you're thinking about suing your previous employer, unless you have a very strong case, it's not going to get you anywhere. My advice is to move on."
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Banks, Feds making life harder for small firms
The Miami Herald - July 12, 2010
The constant chatter from Washington about how they are going to help small businesses is like a sad joke with no punchline. Despite lots and lots of talk, quite the contrary is happening. Banks are not lending to small business in any meaningful way and they won't.
In fact, contraction is underway, the effects of which will be shown in continued shuttering of storefronts and emptying offices. For small businesses today, success is measured in terms of survival.
What is so wrong with the government response? Let's start with government incentives for small business, such as tax credits for new hires.
One has to be making money to take advantage of tax credits. You cannot subtract credit from losses.
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Will South Florida Branches Help or Hurt Spanish Banks
Daily Business Review - June 30, 2010
"Spain has a real estate problem equivalent to that in the United States," said Dennis Nason, a Miami banking consultant. "If you're coming from an area that has heavy unemployment, which means that you're going to be losing deposits back in your home country, and you've got real estate problems in your own back yard, your expansion plants are going to have to be put on hold."
Click here to see the attached document.
Local banks find relief in the first quarter
South Florida Business Journal - June 25, 2010
“I don’t think it’s time to raise our hands and declare victory and say this banking mess is behind us,” said Dennis Nason, CEO of Coral Gables-based financial services recruitment firm Nason and Nason. “We’re about 60 to 90 days away from hitting the bottom.”
Click here to see the attached document.
Nason & Nason Recognized in the Book of Lists
South Florida Business Journal - May 7-13, 2010
Nason & Nason ranked in the top 15 Largest Executive Search Firms by Revenue in the South Florida Business Journal.
Click here to see the attached document.
Nason & Nason Recognized in the Book of Lists
South Florida Business Journal - May 7-13, 2010
Nason & Nason ranked in the top 15 Largest Executive Search Firms by Salary in the South Florida Business Journal.
Click here to see the attached document.
Investment veterans return to their roots
Daily Business Review - June 16, 2010
“We’ve always lacked good intermediation in South Florida,” said Dennis Nason, a Miami banking consultant who has run an investment banking firm. Intermediation involves matchmaking, putting people with capital together with those who need it.
“We’ve never had, to my knowledge, a major investment bank here,” he said. “One of the reasons is that the deal size isn’t big enough. The big banks don’t want to handle anything less than $50 million. The market here is not for the bigger deals, it’s a $3 million to $10 million market and the need for intermediation is evident. It’s an entrepreneur’s market.”
Click here to see the attached document.
Will Wall St. Pay Ever Get In Line?
TheStreet.com - May 26, 2010
"It'll blow over," says Dennis Nason, a former banker who runs an executive search firm. "Everything will eventually blow over."
Nason believes that if the government wants to limit executive pay, it shouldn't limit restrictions to the financial industry, but tax top-earners across the board. More specific changes ought to be made by directors, he says.
"If you want to control salaries, you've got to do it through the tax system," says Nason. "You can have shareholders appoint a compensation committee, which approves what people make."
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Fib Your Way to Success
The Jacksonville Observer - May 23, 2010
Take away the moral and ethical objections, and you're left with only one reason why you shouldn't lie: you could get caught. "Background checks are much easier now," says Dennis Nason, CEO of a recruiting firm, quoted in the article. "It's all pretty open on the Internet."
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Eight Mistakes to Avoid While Job Hunting Online
Black Enterprise Magazine - May 24, 2010
Putting information, photos and videos on MySpace or Facebook that you wouldn’t want your new boss to see: The Internet has become the catchall for personal photos, videos and information, none of which should be accessible to potential employers. “Hiring managers know enough to get connected into Facebook,” says Dennis Nason, CEO at recruiting firm Nason & Nason in Coral Gables, Fla., “and you don’t want them reading about how you ‘got wasted last night.’ Keep those pieces of information – and the related photos – private.”
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Investors’ interest piques again in community banks
Daily Business Review - May 19, 2010
“Unfortunately for those investors, there are very few of those opportunities. In fact, the FDIC has come out and privately said that we’re not going to make the deal quite that fat again,” Miami banking consultant Dennis Nason said. “The competition for those types of opportunities is very keen. You have no assurance, if you’re sitting on the sidelines with $10 million or $20 million, that you’re going to be able to pick up one of those sweetheart deals.”
Click here to see the attached document.
Bank scores a coup with its new CEO
Daily Business Review - May 12, 2010
Miami banking consultant Dennis Nason, who is credited with bringing Fernandez-Guzman and Pacific National together, said the bank has the basic ingredients for success but “just needed the right leader at the right time to get them all pulling in the right direction. [Fernandez-Guzman is] an excellent mentor to be able to bring young people along and mold them into a team.”
Click here to see the attached document.
Above-Average Joe Can't Get a Loan
The Street - May 14, 2010
The reason those loans are more expensive is because they're riskier in certain ways, even though the borrower herself is not. Jumbos are bigger, not government-guaranteed, and don't have a virile secondary market in which banks can package and resell the loans to private investors. Therefore, the bank would have to hold the loan on its books -- something few are eager to do in the current interest-rate and balance-sheet environment.
"They have little space to put on new loans, and they're trying to put it on as profitably as possible," says Dennis Nason, a former Wells Fargo banker who now runs an executivesearch firm. "It's an opportunity for banks to create and sell, rather than to create and hold."
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Risky References
Human Resource Executive Online - May 14, 2010
Ana Gabriela Alvarez has long known job candidates are prone to embellish, and even outright lie, when it comes to getting their feet in the doors for good jobs. What she didn't realize until just recently was the lengths to which some candidates will go to secure a job in this troubled economy.
Alvarez, a recruiter with Coral Gables, Fla.-based executive-recruitment firm Nason & Nason, recalls a recent occasion when she was recruiting for a loan-documentation position for an unnamed bank client...
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Senator proposes capping ATM fees at 50 cents
Wallet Pop - May 11, 2010
According to Dennis Nason, CEO of Nason & Nason, a top banking and finance recruiting search firm, and the former president and CEO of Wells Fargo Bank in Miami, there's more to maintaining an ATM than you might think. The costs include:
The ATM itself. Automated teller machines are either leased or purchased, and Nason estimates that a typical ATM runs about $25,000, a number also backed up on BuyerZone.com, which states that prices can go as high as $30,000. With that kind of pricing, Nason asks, "Do you want it to be a break-even point, or an attractive business for banks or for companies to decide, 'It's not worthwhile. I'm not going to put it in.' If they bring [the fee] down to fifty cents and you have 100 people a day pay fifty cents, that's only $50 a day. You can't amortize a $25,000 machine on a 50-cent fee."
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Bancos grandes: buenas ganancias, muchos problemas
Mercado de Dinero - May 4, 2010
“Creo que (la reforma financiera) debiera prohibir las actividades que no pertenezcan al quehacer bancario, porque de otra manera (las instituciones) son tentáculos queriendo abarcarlo todo,” asevera Denis Nason, un ex banquero y propietario de la firma de Nason & Nason Excecutive Search en Miami.
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Will Law Have Chilling Effect on Foreign Investments?
Daily Business Review - April 7, 2010
“I don’t believe we really understand what’s been passed,” said Coral Gables banking consultant Dennis Nason. “I don’t think Congress understands it, or the nature of the business they were looking at. It is going to ratchet up the cost of tax compliance.”
The act, whose passage was helped by momentum from last year’s UBS banking scandal, could alter the global financial system more than any tax law in recent years. Critics like Nason say just the uncertainty alone is dangerous.
“Businesses need consistency to be able to predict and budget and be able to understand what’s going on,” Nason said. “This bill is very confusing. I don’t think it was well-crafted or well-thought out. It has 100 moving parts, every one of which is awfully difficult to define.”
Click here to see the attached document.
As an Alternative to TARP Tax, Banks Could Create Jobs
US Banker - April, 2010
President Obama wants to levy a "financial crisis responsibility fee" on the 50 largest banks, to recoup expenses for the Troubled Asset Relief Program. The fee could raise up to $90 billion over the next 10 years, but if the intent is for banks to repay society, wouldn't it be better to have them perform a much needed community service? Rather than fine banks, make them create jobs.
Banks could pay the equivalent of this fee in new wages, resulting in an immediate surge in employment. Wouldn't it be ironic if the banking industry, which many blame for the economic meltdown, actually led the recovery? Adding $90 billion of paychecks in itself would be a stimulus package. This could generate between 2.5 million and 3 million jobs immediately-good ones, too.
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The Truth About Resume Lies
Yahoo! HotJobs - March 2010
But job seekers who stretch the truth are playing an ever riskier game, according to Dennis Nason, CEO of the recruiting firm Nason & Nason. "Background checks are much easier now," he says. "It's all pretty open on the Internet." And many companies and recruiters now employ
background-check providers who specialize in sniffing out untruths.
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Jobs That Are Growing - Despite The Recession
Investepedia.com - March 24, 2010
It may seem surprising, but a bad economy doesn't seem to hurt finance-related professions. Dennis Nason, a veteran banker and current CEO of Nason & Nason, an executive search firms for banking and finance, says specific job titles in high demand in this business environment include risk managers, compliance officers, audit manager and business development officers.
"All industries are very focused on controlling risk and working within legal regulations and guidelines," Nason says. "Positions which oversee and supervise risk are and will continue to be in demand, particularly if one has appropriate licenses such as a CPA." (Remember, hunting for a job is like selling a product, except that
YOU are the product. Learn more in Top 2010 Job-Hunting Tips.)
Click here to read the entire article
Finding New Job Opportunites at Your Current Employer
Careerbuilder.com - March 11, 2009
"Once the family has made a decision to relocate, if the firm has a good and loyal employee, it is in their best interest to help in the process," states Alexandra Nason-Aymerich, president of the executive search firm Nason & Nason in Coral Gables, Fla. "It is good politics in the long term as that person will always be an 'alumnus.'"
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Banks on the ropes
South Florida Business Journal - March 5, 2010
“The owners of the banks have to commit to the bank and put in additional capital,” said Dennis Nason, CEO of Coral Gables-based Nason and Nason, an executive recruitment and staffing firm for the financial industry. “A couple of banks on that [not well capitalized] list are in trouble where the owners aren’t interested in doing so. Some banks won’t make it because their problems are too big.”
Click here to see the attached document.
Banca se prepara ante pérdidas en bienes raíces comerciales
Mercado de Dinero - March 1, 2010
“Las buenas noticias es que en el sur de la Florida no tenemos muchos proyectos comerciales parados como en Nevada y Ohio”, dijo Dennis Nason, Director Ejecutivo (CEO) de la firma Nason & Nason en Miami.
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A Novel Jobs Program: Make Banks Hire the Unemployed
BNET - February 16, 2010
Former Wells Fargo (WFC) and Credit Suisse banker Dennis Nason thinks the Obama adminstration’s job-creation strategy is missing one key component: banks. He favors a new federal mandate requiring financial institutions to hire at least one unemployed person within the next six months.
Nason heads a South Florida recruitment agency that caters to financial firms, and so might benefit from such a program. Still, his idea is worth considering. He writes in his proposal:
Wouldn’t it be ironic if the banks, whom many blame for the economic meltdown, would actually lead the recovery…?
Click here to see the attached document.
Latin America follows U.S. strategy in fighting fraud
Daily Business Review - February 1, 2010
"It's a country-by-country thing," said Dennis Nason, a Miami international banking consultant. "You don't get this in Chile, where it's much more sophisticated, or in Panama. It's the level of the sophistication of the market that makes the difference. You've got 20 countries down there, so you have to peel the orange a little bit."
Click here to see the attached document.
Change at top signals new path at Regions
Miami Today - Janurary 28, 2010
Dennis Nason, founder of consulting and executive search firm Nason & Nason and a former senior banker, said whoever takes the reins of Southeast Florida for Regions will spend most of the time managing the bank's real estate-related woes.
"Regions, as many of the local banks, was very active in the real estate market and they'll spend the next 12 months restructuring that portfolio," he forecast.
Wells' Patience With Wachovia Paying Off
TheStreet.com - Janurary 28, 2010
"They did a test in Colorado to see what worked," says Dennis Nason, a former Wells Fargo banker who now runs an executive search firm, "They're in it for the long-term rather than the quick buck and the quick turnaround,"
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More regulations for banks in 2010
Daily Business Review - December 30, 2009
Like Thomas, Dennis Nason, a veteran international banker who heads a Coral Gables consulting and executive search firm, is optimistic about a second half turnaround - as bad banks and bad bankers are flushed from the system.
"We're going to get a wash through, and those that were poorly managed - where they didn't have good business plans, where they didn't have the depth of management - they're going to suffer from it," Nason said. "Some banks are going to prosper. You see banks bringing in capital, like BBU and Mercantil Commercebank, and they're going to go out and make good loans because they will make them at the new appraised values, not the old appraised values. So I think we're going to see a resurgence and rebuilding as we go into the second quarter."
Click here to see the attached document.
Feds ban bank overdraft fees
Mercado de Dinero - December 2009 - January 2010
"From a banking perspective, I don't expect this new rule to be a major item for banks, there are much more important changes in regulation that the Fed is going to come out with in the next year. I think that's where they have their big guns concentrated on," says Dennis Nason, a former banker with Credit Suisse, Citigroup and Wells Fargo.
"Even though overdraft fees have become an important source of revenue for banks it is not automatic because it is labor intensive so it is very costly to monitor overdraft fees. I don't think it is going to be a major set back. However, on the consumer end, I certainly would like to see some of these practices slow down especially on the multiple charges on the same transaction," added Nason.
Click here to see the attached document.
More Regulations for banks in 2010
Daily Business Review - December 30, 2009
Like Thomas, Dennis Nason, a veteran international banker who heads a Coral Gables consulting and executive search firm, is optimistic about a second half turnaround - as bad banks and bad bankers are flushed from the system.
"We're going to get a wash through, and those that were poorly managed - where they didn't have good business plans, where they didn't have the depth of management - they're going to suffer from it," Nason said. "Some banks are going to prosper. You see banks bringing in capital, like BBU and Mercantil Commercebank, and they're going to go out and make good loans because they will make them at the new appraised values, not the old appraised values. So I think we're going to see a resurgence and rebuilding as we go into the second quarter."
Click here to see the attached document.
Problem Loans: Art or Science?
South Florida Business Review - December 18,2009
"Many regulators don't have enough staff to give banks regular examinations," said Dennis Nason, CEO of Coral Gables-based financial services executive recruitment and staffing firm Nason and Nason. "That means some banks - especially small community banks that haven't had any trouble in the past - could go 18 months in between exams."
But, when they arrive, regulators are increasingly taking an adversarial role, Nason said.
"A 28-year-old kid who has been doing this for two years tells the bank president, 'This is what it's going to be,'" Nason said.
Click here to see the attached document.
Smaller banks search in all kinds of places for capital
Daily Business Review - December 16, 2009
"From a defensive standpoint, what a number of banks have done is review their portfolios at least quarterly to see the status of their commercial real estate. That's where their biggest problem is," Nason said. "If they estimate that the reserves or the problem loans exceed their capital, if they don't bring in new capital to counterbalance that, then the regulators will put them in a different category of requirements and freeze their capital back in place."...
The message from regulators for a while already has been for all banks to beef up their capital," said Raul Fernandez, a former South Florida bank president and director of business development at Nason's firm. "Most banks here in the area have some kind of regulatory agreement, public or confidential, and most of the agreements will ask for an increase in capital."
Click here to see the attached document.
Nason & Nason, Inc. Receives 2009 Best of Business Award
Small Business Commerce Association - November, 8, 2009
Small Business Commerce Association’s Award Honors the Achievement
SAN FRANSICO, November 8, 2009, Nason & Nason, Inc. has been selected for the 2009 Best of Business Award in the Executive placement category by the Small Business Commerce Association (SBCA)
The Small Business Commerce Association (SBCA) is pleased to announce that Nason & Nason, Inc. has been selected for the 2009 Best of Business Award in the Executive placement category.
The SBCA 2009 Award Program recognizes the top 5% of small businesses throughout the country. Using consumer feedback, the SBCA identifies companies that we believe have demonstrated what makes small businesses a vital part of the American economy. The selection committee chooses the award winners from nominees based off information taken from monthly surveys administered by the SBCA, a review of consumer rankings, and other consumer reports. Award winners are a valuable asset to their community and exemplify what makes small businesses great.
About Small Business Commerce Association (SBCA)
Small Business Commerce Association (SBCA) is a San Francisco based organization. The SBCA is a private sector entity that aims to provide tactical guidance with many day to day issues that small business owners face. In addition to our main goal of providing a central repository of small business operational advice; we use consumer feedback to identify companies that exemplify what makes small business a vital part of the American economy.
Click here to view press release
Feds ban bank overdraft fees
Mercado de Dinero - December '09-January '10
"From a banking perspective, I don't expect this new rule to be a major item for banks, there are much more important changes in regulation that the Fed is going to come out with in the next year. I think that's where they have their big guns concentrated on," says Dennis Nason, a former banker with Credit Suisse, Citigroup and Wells Fargo.
"Even though overdraft fees have become an important source of revenue for banks it is not automatic because it is very costly to monitor overdraft fees. I don't think it is going to be a major set back. However, on the consumer end, I certainly would like to see some of these practices slow down especially on the multiple charges on the same transaction," added Nason.
Click here to see the attached document.
Commercial loans' health key to banking recovery here
Miami Today - October 22, 2009
However, based on hiring and compensation patterns, not all banks are suffering, said Dennis Nason, founder & CEO of Nason & Nason Search Consultants, which focuses on the financial services industry.
"It's not a uniform market by any means,'he said."But there is a difference between traditional banks and investment banks such as Lehman Bros. and Goldman Sachs or quasi-banks such as hedge funds, though we tend to throw them together. On a whole, traditional banks are doing well."
Click here to see the attached document.
Hiring hits 2-year high in July as turnaround signs abound
Miami Today - August 27, 2009
But don't expect those jobs to be in wealth management, because employment in that area will drop about 50%, predicts Dennis Nason, chief executive officer of Nason & Nason, a Coral Gables-based executive search firm focused in banking and financial services.
Mr. Nason said events such as the collapse of Lehman Brothers in September prompted the descent in banking jobs in the months that followed.
Click here to see the attached document.
New legislation comes at expense of banking industry
Daily Business Review - November 18, 2009
"It's a little bit of a push back on the part of the general public," said Dennis Nason, a Coral Gables consultant and veteran international banker. "The biggest uncertainty is that we've got three different bills, they're being sponsored by people not familiar with the system and the banks are being hit with all kinds of charges on top of the losses. So it makes the banking business less attractive."
While last week's changes prohibiting banks from charging overdraft fees on ATM or debit cards - unless a customer has agreed to them - is the "sexiest" of the new mandates banks are saddled with, Nason said other changes on the horizon are likely to have a bigger effect on the industry in the coming months.
"One of the more difficult things for the banks is the FDIC fees that they're going to have to come up with," Nason said, referring to the premium banks must pay to cover the costs of failed institutions. "What they're going to have to do by the end of the year is pay not only this year's quota but the next three years' quota."
Click here to see the attached document.
What to tell your bank when they say something you don't want to hear
Wallet Pop - November 10, 2009
Nason, who is now CEO of Nason and Nason, an executive recruiting firm for the banking industry based in Coral Gables, Fla., adds that if a big bank, in particular, has kicked you out, you should opt for a community bank. "Large banks don't intend to offer bad customer service," Nason told us, "but a lot of them are so large they've lost their personal touch. This is why we encourage people to deal with community banks -- they're still connected to the community."
Read the whole article here
Click here to see the attached document.
New Rules Let Big Banks Compete Abroad
TheStreet.com - October 29, 2009
"Don't we already do that with the FDIC?," says Dennis Nason, a former banker who now runs an executive-search firm for financial institutions. "I believe that concept is not really a new concept."
Read the whole article here
Click here to see the attached document.
BofA Downshifts on First Republic Sale
TheStreet.com - October 9, 2009
"They've got an awful lot going on," says Dennis Nason, a former banker who now runs an executive search firm. "Their priorities have changed, and First Republic is an awfully small item on their agenda. They've got other large issues that are in the forefront."
Read the whole article here
Click here to see the attached document.
Financial services, by Dan Beaudry
TOPMBA - October 2009
Potentially, but there are changes afoot. In the midst of intense public scrutiny, big banks are wrestling with compensation issues that are likely to shape their future recruitment. U.S. banks, for example, would like to avoid the embarrassing negative press associated with paying sizable bonuses despite poor company performance – as experienced by AIG earlier this spring. It appears that pay philosophies are changing. Dennis Nason, CEO of Nason & Nason, an executive search firm specializing in the financial services industry, expects U.S banks to tie variable compensation (the most balance sheet‐friendly pay component) more closely to overall company performance rather than retention, individual or group performance. He’s already noticed a significant drop in the amount of money being offered in sign on bonuses
from years past.
Click here to see the attached document.
Fed Holds Key Rate Near Zero
TheStreet.com - September 23, 2009
"[Hiking rates is] a very big impact with a blunt instrument; it's not a scalpel, it's a hatchet," says Dennis Nason, a former senior banker at Credit Suisse (CS Quote), Citigroup (C Quote) and Wells Fargo (WFC Quote). "They don't want to be accused of being another [former Fed Chairman Alan] Greenspan, keeping interest rates too low for too long, with too much liquidity and people spending foolishly because of that liquidity."
Read the whole article here
Click here to see the attached document.
U.S. Fed plans to review bank pay
Financial Post - September 19, 2009
"Do you try to tell the Royal Bank of Canada what to pay their senior executives working here in the United States?" said Dennis Nason, a former banker, who's now chief executive of Nason & Nason, an executive search firm specializing in banking and finance. "If you told Deutche Bank that, maybe they would have their senior bankers work out of London."
Similarly, Mr. Nason added, it's unclear whether a company like American International Group, the insurance giant that was bailed out by Washington after threatening to bring down the global financial system, would fall under the rules.
"Do you reach out to regulate companies like them too?" asked Mr. Nason.
Read the whole article here
Click here to see the attached document.
Top producers are leaving wirehouses in droves to join independent and regional firms
Markets Media Online - September 9, 2009
“With regard to hiring, we have noticed an increasing number of smaller brokerage firms, trading companies and hedge firms,” says Dennis Nason, CEO of Nason & Nason. “There is a tendency toward moving to companies that are not in the direct sight of the regulators and legislators in view of the very uneven, unpredictable and uninformed attempts to control compensation.”
Click here to see the attached document.
Brokered Deposits Provide Risky, Short-Term Fix
Financial Business Review - September 2, 2009
As South Florida financial services consultant Dennis Nason says, "It makes the bank that buys the deposits more vulnerable because they don't have their own deposits to fall back upon if there is a crisis. If you get banks that have to depend on this because either they can't get the interest on the part of the depositors or the system set up to get their own core deposits, it's not a good thing to have to depend on these."...
...Raul Fernandez, a Nason executive and longtime international banker, said brokered deposits can be useful to banks in a crisis, when properly managed.
"In some cases, they have saved some banks," he said. "Having access to this kind of deposit may have helped them maintain their liquidity ratio."
Click here to see the attached document.
All Overseas Bank Accounts More Vulnerable to IRS Scrutiny
CNBC.com - August 21, 2009
"This is just the beginning," says Dennis Nason. "They will go after Swiss banks, and other off shore centers. To not file a FBAR is generally not an oversight, but a deliberate attempt to not report the account. Taxpayers have pretty much been warned."
Read the whole article here
Click here to see the attached document.
UBS to divulge 4,450 account names, more expected
Daily Business Review - August 19, 2009
Dennis Nason, who at one time headed an office of Credit Suisse and now runs a Miami consulting firm, said the release the U.S. clients’ names is one more step in the erosion of Swiss bank secrecy and “indeed, worldwide bank secrecy.”
“It will not be the final chapter by a long shot,” Nason said. “Since one does not know the persons on the list, the action will undoubtedly prompt individuals to come forth on their own to the IRS while they still have that option rather than face indictment if they don’t.”
Click here to see the attached document.
Greed comes back to Wall Street
Financial Post - July 31, 2009
The first big test for the czar could be how he weighs in on Mr. Hall, the energy trader at Citigroup. "That's an easy one to pick out and make it sound like the norm," said Dennis Nason, a former banker, who now runs Nason & Nason, an executive search firm specializing in banking and finance.
"If a contract's going to be violated because somebody made too much money, why sign a contract?" Mr. Nason said. "There are a lot of moral issues here, but do we want the banks that were helped making money or would you rather have them languishing?"
Read the whole article here
Click here to see the attached document.
Investment Banking: Rebound Amid a Revolution
CNBC.com - July 24, 2009
"I think it's in better shape than the markets perceive," says Dennis Nason, CEO of Nason and Nason, an executive placement firm for the banking industry. "Goldman [Sachs] has always been good and Merrill [now owned by Bofa] is in a lot better shape."
Read the whole article here
Click here to see the attached document.
Losses narrow at local banks, yet loans deteriorate
South Florida Business Journal - June 26, 2009
Even with all the troubles on the lending side, the sharp drop in banks’ net interest income – their revenue stream – is just as concerning, said Raul Fernandez, director of business development at Coral Gables-based financial executive recruitment firm Nason and Nason and the former president of Pine Bank, which is now part of Republic Federal Bank.
Read the whole article here
Click here to see the attached document.
Deep-pocketed owners to revitalize BankUnited
South Florida Business Journal - May 29 - June 4, 2009
The bank will probably have the most success winning over clients in its wealth management division, where deposits often exceed the $250,000 FDIC insurance limit, said Dennis Nason, CEO of Coral Gables-based executive recruitment and staffing firm Nason and Nason.
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BankUnited was one of the last 'dead banks walking'
Daily Business Review - May 21, 2009
“I don’t think the problem was the ARMs, per se,” said Dennis Nason, a veteran Coral Gables investment banker and entrepreneur. “The problem was the criteria that [lenders] used in making loans for real estate … you have made loans to people who should not have gotten loans.”
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Nason & Nason Recognized in the Book of Lists
South Florida Business Journal - May 1-7, 2009
Nason & Nason ranked in the top 15 Largest Executive Search Firms by Revenue in the South Florida Business Journal.
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Nason & Nason Recognized in the Book of Lists
South Florida Business Journal - May 1-7, 2009
Nason & Nason ranked in the top 20 Largest Executive Search Firms by Salary in the South Florida Business Journal.
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Hiring temporary help a trend that is getting 'lot of emphasis'
Miami Today - April 23, 2009
"Everything is mobile now,"said Dennis Nason, founder and CEO of Nason & Nason. "The 401K means people are not as tied to their place of employment for retirement benefits. They can go from one situation to another and feel comfortable in a medium-term environment."
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Opposing view: 'Surgery with a hatchet'
USA Today - April 15, 2009
The regulatory path for reining in bonuses is likely to be surgery with a hatchet — cuts for all. But, since essentially everyone has recognized that the Wall Street bonus structure needs to be changed, the institutions involved already have no choice but to rethink the whole system, which could lead to more innovative, efficient, effective solutions.
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Eastern Financial ordered to cease 'unsafe and unsound' practices
South Florida Business Journal - April 10, 2009
Eastern Financial needs a talented and motivated CEO to address its challenges, but that person won't be able to do it alone, said Dennis Nason, CEO of Coral Gables-based Nason and Nason, an executive recruitment and staffing firm for the financial industry. During the several months it takes to hire this leader, the credit union should bring in teams of temporary employmees to tackle all the issues regulators raised, he said.
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South Florida Braces for Ripple Effect as Recession Hits Latin America
Daily Business Review - April 8, 2009
"Latin America is better prepared for these jolts than we have become accustomed to in the United States, because they've seen them before,"Nason said.
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Nason & Nason Expands into Peru
Coral Gables Gazette - April 2, 2009
Nason & Nason, a top ten South Florida executive search and temporary staffing firm specializing in financial services and banking, announced it is expanding into the gorwing Peruvian and Panamanian markets with the opening of a new office in Lima, Peru.
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Freelance Nation: Slump Spurs Growth of Contract Workers
www.CNBC.com - April 3, 2009
"It's a paradigm shift," says Dennis Nason, CEO of Nason and Nason, an executive search firm based in Coral Gables, Florida. "Contractors have been used by companies successfully, and it's changed the relationship between worker and management."
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In upturn, experienced lendors could find hot job market
Miami Today - March 19, 2009
"The market has always been relatively shallow in really good talent," said Dennis Nason, founder and CEO of Nason & Nason, a Coral Gables-based firm specializing in the financial industries. His daughter, Alexandra Nason-Aymerich, is the firm's president.
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A Recruiter of Recruiters Talks About Finding Search Pros
CareerJournal.com
There is a tremendous shortage of recruiters in financial services because there was a significant cutback during the economic downturn following the tech bubble burst. There are a number of firms that do not have a strong financial-services practice.
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Tips for Finding Recruiters Who Specialize in Your Niche
CareerJournal.com
Many senior executives work with recruiters at some point in their careers as a candidate or client, says Rick Slayton, president of Slayton Search Partners Inc., a Chicago-based recruiting firm. Ask the most experienced professionals in
your network to refer you to the recruiters they know, he says.
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Reaching Out to Recruiters As You Work Your Way Up
CareerJournal.com
Get in touch with recruiters whenever something significant has occurred in your career. If you made a job
change, joined a board or won a big award, those are always good reasons to get back in touch with recruiters,
versus just calling to say hello.
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Tips on Talking About Pay With Executive Recruiters
CareerJournal.com
As a candidate, you are responsible from a diligence standpoint to understand how compensation plans are
formulated, what they mean to you now, in the future and against your current plan.
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When Your Goal Is the CEO Suite
CareerJournal.com
CEO candidates are judged largely on their sense of personal leadership. The winner in those selections is
usually the person in which the board believes most in their ability to lead others, rather than their specific
experience.
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Pay Grade: Experts In Finding the Right Fit
CareerJournal.com
"You really have to kill what you eat," says Dennis Nason, president of Nason & Nason Inc., a contingency-based search firm in Coral Gables, Fla."If you are not successful, you do not get paid."
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Temp agencies go pro
The Miami Herald - September 1, 2008
Diaz is part of a growing number of professional and skilled workers who are employed as temps. They are often called "consultants" or "free-lancers" to distinguish them from traditional clerical temps.
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Firms increasingly considering master of fine arts degrees
Miami Today - August 7, 2008
“The South Florida market has never been very degree-conscious or made distinctions between MBA’s and other master’s degrees. It’s more of a roll-up-your-sleeves attitude; technical skills get a much broader influence than pedigree.”
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NasonTemp Recognized in Book of Lists
South Florida Business Journal - May 2-8, 2008
Nason Temp Solutions has been listed as one of the Top Temporary Personnel & Staffing Agencies in South Florida.
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Top Executive Search Firms by Revenue
South Florida Business Journal - May 2-8, 2008
Nason & Nason has been listed as one of the Top Executive Search Firms by Revenue in South Florida as well being listed as one of the Top Executive Search Firms by Salary.
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Coral Gables Chamber of Commerce Elect Trustees
Chairman-elect Marc Berenfeld and chamber VP Ana Gonzalez welcome new February trustees: Alexandra Nason-Aymerich & Dennis Nason - Nason Temp Solutions
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Financial-services employment in Miami breaks record
Miami Today
“...Intensified hiring to comply with heightened national regulation drove much of the sector’s growth - affecting banks, brokerage firms and “anyone handling money,” said Dennis Nason, president of Nason & Nason, a financial services executive search firm..."
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Bankers expect hiring to pick up next year
Miami Today
"...Mr. Nason said next year the industry will see a growing number of community banks. Lots of people would rather deal with a person. Many customers still prefer the human aspect," said Mr. Nason. "So, as community banks are formed, employment will pick up...”
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Miami-Dade banks report jump in deposits
Miami Today
"...Dennis Nason, former president of the Florida International Bankers Association, attributed the growth in bank deposits to the ongoing volatility of US stock markets.
"Some people may have sought safety," he said. “As investments in securities became more risky, investors went with the sure thing...”
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Spreading the wealth: for banks large and small the tri-county area has always been viewed as a region
South Florida CEO
"Central America, the Caribbean, parts of South America--it all ties into this market," says Dennis Nason, senior partner of financial services executive search firm Nason & Nason. "Looking at regionalism from a financial standpoint, these link to South Florida. We are the most important commercial center for the region.
Banking industry on Brickell Avenue going through changes
Miami Today
"...Dennis Nason, former president of the Florida International Bankers Association, said that crowding, heavy traffic and scant parking on Brickell have led to a steady departure of banking businesses from the area..."
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Other Voices
World City Business
“The banking industry, especially the international side, has been hit hard in Miami. We are losing about one bank every couple of months and 20 to 25 jobs… The focus has changed and most banks are not prepared to take any , zero, cross-border risk and there is only a handful of banks still lending south of Key West …"
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Language in the workplace: Confronting tensions on the job
Sun-Sentinel
Recruiter Nason estimates a trilingual administrative assistant in Miami, speaking English, Spanish and Portuguese, might earn 10 percent more than a bilingual one. But generally, language skills open doors for moving up the job ladder, not staying at the same post. Employers have learned that for companies to achieve workplace harmony and profits in a global business world, they need cultural understanding and openness..."
101 Most Influential people in the international South Florida business community
South Florida CEO
"Quietly powerful in South Florida’s and Latin America’s international banking worlds, Dennis Nason is the man to see if you need top talent in the industry. His executive search consulting firm specializes in international financial services and banking, and he knows all the players – coming and going..."
The new vision: ...The future, however, belongs to the less visible infrastructure of communications, and the service industries that feed from it.
South Florida CEO
"...While that industry is undergoing a major consolidation, notes industry insider Dennis Nason, the fundamentals which attracted international banking to South Florida in the first place remain constant: One of the strengths of So. Florida is that it has always been an information hub..."
Family Affair - <i>Firm specializes in placement of banker, financial executives</i>
South Florida Business Journal – July 5-11, 2002
"...Nason knows banking from his work in the industry since the late 1960s, mostly in international banking in Miami.
During the 1980s, he was manager and senior VP of the Miami office of Switzerland-based Credit Suisse Bank. He is a former president of the Florida International Bankers Association and was founding president of World Trade Center Miami..."
The nature of banks is altered
Miami Today
“It’s not a good time to look for change. There’s just not that many jobs being created."
"...Good producers are still very much in demand, Mr. Nason said. Banks are looking for someone who can put profits on the table today. They’re looking for people who can do more than one task and can work long hours...”
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Private Banking & Wealth Management Roundtable
Latin CEO – March/April 2002
“One of the precise reasons for the importance of relationships is the overload of information. The client is sitting there with information comming from all sides, including the internet, so the trusted advisor... gives him independent advice on which he can count to sort through the morass..."
International Roundtable – Panel examines the fundamentals of executive search
Miami Today
“...For all the hoopla, your chances are about 2% to 3% of finding a job through Monster and those other internet sites. You still need an individual in the middle... This is what professionals do, they find the right person..."
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Which way up? ... But whtaever direction the industry is headed, Miami is in good position to benefit from it.
Latin CEO
Where Miami continues to have an edge is in its talent pool, say experts. Dennis Nason, of the executive search firm Nason & Nason, says Miami has attracted a more diverse group of financial services companies than ever before. "We hold up quite well with the rest of the world - with Switzerland, New York and London," Nason says. "Our talent stacks up quite well."
As Asian banks ease uut, Bank of America jumps in.
South Florida Business Journal
"...That business appears headed for steady growth because "it seems that the banks have worked their way through the mergers and have things in sync" in private banking, said Dennis Nason, a former banker who is a senior partner in Nason & Nason, an executive search firm in Miami..."
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Headstart Internet Advantage Tugs at Latin America Bankers
The Wall Street Journal
"...The corporate culture hasn’t taken very good care of people lately,” said Dennis Nason, a Miami based headhunter, said he’s placed half a dozen bankers with Latin Internet ventures, and has another 10 assignments to fill..."
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Nason & Nason moves its corporate headquarters to Coral Gables
Nason & Nason has moved its offices and corporate headquarters to Coral Gables. After twelve years on Brickell Key, the Firm has moved to new premises at 95 Merrick Way. “We have as many of our clients within walking distance of these offices as we did on Brickell. The location is much closer to home for our employees and convenient to restaurants and shops, and in the long run, we are saving a good bit of money. The Brickell area is getting much too crowded and it will only get worse” stated Dennis H. Nason, Senior Partner of Nason & Nason. Nason & Nason, is a leading executive recruiting firm specialized in financial services in South Florida.