News - NES Financial
NES Financial Names Charles "Chick" Krahling as Executive Vice President of Sales
Financial Services Provider Ramps Up Sales Leadership as Part of Overall Growth Strategy
SAN JOSE, Calif., April 1, 2010 — NES Financial (NESF), a leading financial services provider for the banking industry and Fortune 500 companies, has named Charles "Chick" Krahling as executive vice president of sales for the firm. Krahling has deep management experience in direct, channel, domestic and international sales of software, hardware and services. As EVP Sales for NES Financial, Krahling will oversee expansion of NES Financial's sales force, growing the company's existing client base and opening up new markets for the financial services company.
"Chick Krahling brings executive experience, innovation and a proven track record to NESF that will allow us to aggressively market our solutions to multiple industries," said Reid Thomas, executive vice president, sales and marketing for NES Financial.
"As NESF continues grow across numerous market sectors, strategically adding senior leadership to address the unprecedented demand for our business solutions is important to our continued success" added Michael Halloran, NES Financial's president and CEO.
Over 25 years, Krahling founded two telecommunications firms, has held executive positions with Valley-based startups and established Fortune 500 companies, growing organizations from zero to over $150 million in sales. Throughout his career, Krahling has initiated, implemented and managed innovative sales and channel programs that have exceeded company goals.
"NESF's clients — including Fortune 500 companies, law firms and government — are looking for solutions that provide enhanced levels of financial security, improved transaction transparency, comply with industry regulations and meet corporate governance requirements," said Krahling. "NESF leads the industry in developing solutions that meet these needs while delivering increased operational efficiency and lower costs to our customers. I'm looking forward to working with our sales executives to expand markets, work with existing clients to provide additional value-added solutions, and build a dynamic sales team to drive the company forward."
In his most recent position as VP Channel Sales for Micro Focus Corporation, Krahling grew the company's partner base by 20 percent and generated 60 percent of the firms licensing fee revenue. He was responsible for rebuilding the company's federal government sales team, bringing a 241 percent fee revenue increase. Krahling also managed a 20 person direct sales in the western United States for the enterprise application company.
Krahling, who holds a B.A. from the University of Maryland, is based in the San Jose offices of NES Financial.
About NES Financial
NES Financial (NESF) partners with leading banks, trust companies and other financial institutions to provide transparent, secure and compliant third-party administration solutions for trusts, complex multi-party escrows and 1031 exchanges. Flexible, scalable and cost-effective, these solutions include proprietary state-of-the-art technology and outstanding professional services, with subject matter expertise in banking, real estate, leasing, transportation and tax law. As a result, NES Financial has become a leader in third-party administration solutions for the legal profession, banking industry, Fortune 500 companies and government agencies, with tens of billions of dollars processed each year.
About Nationwide Exchange Services
Nationwide Exchange Services (NES), a division of NES Financial, is the leading provider of 1031 tax-deferred exchange solutions for the Fortune 500 and major banks and title companies, servicing over $20 billion of exchange transactions annually. Since 1990, NES has conducted tens of thousands of 1031 exchange transactions across the nation resulting in the deferral of tens of billions of dollars of client tax liability. Today, NES applies advanced technologies, proven business process and industry expertise to create new standards of customer-driven solutions that feature the highest level of funds security, transactional transparency and regulatory compliance in the 1031 industry. NES submits to independent annual audits of its technology, processes and control procedure to which it has received an unqualified SAS 70 Type II certification, enabling compliance with Sarbanes-Oxley Section 404 (SOX 404) and other state and federal standards for financial controls, privacy and reporting. As a result, NES is uniquely qualified to serve the needs of companies with complex exchange requirement, and those that operate in strict corporate governance and compliance environments.
For more information on NES Financial visit www.nesf.com and www.nesf1031.com or call (800) 339-1031.
