Category Archives: Financial Industry

Peter Briger is a Skilled Private Equity Investor

Peter Briger is a Skilled Private Equity Investor

A few things seem to be more important to human lives than leadership. But, effective leadership saves lives in the hours of peril. It also makes an enterprise or organization successful. Moreover, it helps non-profits organizations to fulfill their mission. In a different chapter, the absence of effective leadership has dramatic effects. Without it, organizations will be too slow to handle daily activities thereby stagnating in the end. This is true especially when the said leader in question is not as effective as expected. But for Fortress Investment Group, that was a risk not worth taking. Consequently, the company invested in experienced leaders and Peter Briger is just one of them.

Background Information

Farseeing, courageous, determined and focused, whatever the adjectives you select, Peter Briger fits the bill. He has a winning combination of traits that define a perfect leader. Moreover, his ability to think for his team supersedes all the challenges encountered at Fortress Investment Group. Briger is a finance executive and head cheerleader. He has made significant accomplishments as a leader. Having worked at Goldman Sachs and Company for more than 15 years, he garnered vast experience from the management and attended numerous committees including Japan Executive Committee as well as Global Control and Compliance. At the same time, he headed the Asian Real Estate, a private equity business in addition to Whole Loan Sales.

Contribution

Today, Peter Briger chairs the board of directors at Fortress Investment Group. Being an investment firm, he is required to make critical decisions regarding the business every other day. Apart from that, he is required to help the management oversee different portfolio and asset management roles. Also, given that the firm has about 1,000 employees, he is required to coordinate various activities in order to see that the company is successful in its endeavors.

Conclusion

Peter Briger is a trained professional with impressive academic qualifications from Princeton University and the Wharton Business School. He majored in a degree in arts and a master’s degree in business administration respectively. Today, he boasts of having an extensive entrepreneurial network to help him conduct different businesses.

David Zalik, GreenSky Credit’s CEO, Doesn’t Need High School to Become a Billionaire

Lauren Gensler reveals hard-won insights into GreenSky Credit’s CEO, David Zalik in her article “Handyman’s Helper: How GreenSky’s David Zalik Skipped High School on his Way to Becoming a Billionaire”. The article, published with Forbes, reveals that GreenSky Credit’s co-founder and CEO passed on both high school and college to focus on his companies.

David Zalik may be an unusual CEO when compared to a typical Silicon Valley technology startup. The financial technology billionaire refuses to speak with the press very often, in fact, his first interview wasn’t until 2016. He revealed that he simply didn’t’ see the value in press releases and would rather focus on building his company. He is also an unusual case in the sense that Zalik not only skipped out on college, as many technology startup CEO’s like to brag, but he also skipped high school. After having such outstanding standardized testing scores, Auburn University invited him to attend classes when he was only twelve years old. After two years of classes, Zalik decided to focus on his computer assembly company, MicroTech.

The lack of formal education hasn’t slowed the CEO down, however. He sold MicroTech when he was only 22 for several million dollars. With the increase in internet and mobile apps, Zalik began a mobile and web consulting firm where he helped companies like Stanley Works and Home Depot Inc. He grew his latest venture, GreenSky Credit out of those consulting projects.

GreenSky Credit has also managed to succeed under the CEO’s leadership, despite his refusal to take outside funding for nearly ten years. After looking for external funding, he was able to raise nearly $50 million in funding and the company is valued at $3.6 billion.

The business model of GreenSky Credit is not set up to compete with banks. Instead, it acts as a technological middle man. The company uses an app for merchants that allow them to simply scan the barcode on a potential customer’s driver’s license and set up a loan. The loan is not only pre-approved, but directly approved. It also work’s in the customer’s favor since they have no payments and no interest for the first year. The company has also partnered with several federally backed banks.

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