David Zalik’s brilliant vision for GreenSky Credit

Making money over the long term is all about finding value where others fail to see it. In different industries, this can be accomplished by radically different means. One entrepreneur, David Zalik, proved a statement that Carl Icahn has made famous: You make the most money by doing the simplest things.

With his firm, GreenSky Credit, Zalik has turned a simple idea into an ever-expanding enterprise that is on the verge of a possible IPO, which analysts have valued at upwards of $10 billion. This is an astonishing story of growth and adaptation that has seen GreenSky go from a self-financed startup to being one of the most dominant players in the fintech industry.

Creating real value is always best

Zalik had two key insights in the creation of GreenSky. The first was that there were a tremendous number of home improvement customers who were abandoning projects due to a lack of liquidity. The second key insight was that these borrowers were high-end and they were doing projects that almost invariably created net value, meaning that the cost of the home improvement projects was less than the total that it added to the home’s value.

Zalik knew that if GreenSky could make loans to customers who were doing profitable deals that the chances of most of the loans being paid back in full and on time would be close to 100 percent. It is well known throughout the banking industry that customers who are making large amounts of money directly from the use of their loans are far less likely to slip into default. At the same time, the fact that these borrowers were among those with the highest FICO scores to begin with meant that they were already excellent candidates to loan to.

This further meant that GreenSky would have no trouble bringing onboard some of the top lenders in the industry. Today, GreenSky is making billions of dollars’ worth of loans each year, using the services of some of the top lenders in the industry, including Fifth Third Bancorp, Sun Trust and Region’s bank. Zalik has been coy, but there are currently rumors swirling of an IPO that could be worth up to $10 billion.

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Gareth Henry appointed as the Global Head of Investor Relations

Gareth Henry is a globally recognized entrepreneur and investor. He attended the University of Edinburgh in Scotland where he managed to attain a degree in Actuarial Mathematics. Gareth began his career at Watson Wyatt, a management research firm. He worked for Watson Wyatt for a few years before moving to Schroders, a UK based money management firm. At Schroders, he served as a product manager in the multi-asset class group.

Gareth Henry joined Fortress Investment Group in 2007. Fortress Investment Group is an investment management firm based in New York City. The Firm was established in 1998 by Wesley Edens, Rob Kauffman, and Randal Nardone as a private equity company. Since its inception, the company has constantly grown and has helped many organizations in the management of their assets.

With Gareth Henry serving as one of the managing directors of Fortress Investment Group, the company has been able to gain global recognition. Gareth serves with proper management ethics and has a skillful prowess in offering the best advice to his team and co-workers. He oversees the marketing of the company in the United States, Europe, and the Middle East. Some of his core responsibilities include: overseeing wealth and pension funds of the company and supervisions of the insurance relations that the company has with other countries. Through his outstanding marketing skills, Gareth has helped Fortress Group outsource clients from all parts of the globe.

In recognition of his outrageous performance in entrepreneurship, Gareth has received various international awards and high-rank promotions. In 2016, he was named by Angelo Gordon as the managing director and Global Head of Investor relations. This appointment followed due to his outstanding performance at Fortress Investment Group. The main core responsibility of Investor Relations firm is to raise capital between it and other firms all over the globe. With the presence of Gareth Henry in Investor relations, the company has been able to make huge sales and has raised capital for many organizations globally.

The success of Gareth can be credited to his passion for work, proper management ethics, and good client relations. He has enabled many organizations to achieve their goals and make huge milestones in the competitive business world.

Learn more: https://about.me/garethhenry/