In early February of 2017, StoneCastle Insured Cash Sweep, LLC announced its acquisition of Intermedium Financial, LLC. The transaction involved InterLINK FinTech and other deposit-insured related properties. The chief executive officer of StoneCastle, Stephen Rotella, announced that the firm’s intent was to become a unique force in the insurance industry. He stated that InterLINK’s acquisition added to the technological resources of the company. He revealed StoneCastle’s confidence in adding financial value to the clients through the newly completed transaction and time-proven ability to deliver deposit capacity. Stephen Rotella added to say that InterLINK’s acquisition would aid StoneCastle to apply solutions to broker companies, other financial intermediaries and register investment advisers, by growing customer assets and increasing profitability.
Stephen Rotella earned his degree in Economics from the Stony Brook University in 1975 and proceeded to join University of Albany to pursue a master’s degree in business administration, until 1978. After his graduation, Stephen began his career by working for Accenture as a senior consultant until 1980, when he became the vice president of product development for The Reserve Group firm. He managed the company’s money fund and assets for four years, and in 1984, joined Shearson Lehman incorporation as the vice president. In 1987, Rotella began managing J.P Morgan as the chief executive officer of Chase Home Finance, until 2005. Stephen relocated from the Greater New York Area to the Greater Seattle Area in 2005 to work for WaMu as the chief operating officer and president for three years. In January 2011, he set up StoneCastle Cash Management to administer insured cash solutions for leading investors across the world.
Apart from managing StoneCastle, Stephen Rotella serves on the board of LIFT incorporation as the chair, since 2012. Between 2006 and 2008, Stephen served as a member of the Council of Seattle Foundation, YouthCare Seattle, and ArtsFund. In 1992, Stephen received an appointment to serve as the chair of the council at the BalletMet and worked to promote the arts and culture firm for six years. Between 2000 and 2002, Stephen joined another arts and culture organization, The Papermill, to work as a board member. Rotella has a keen interest in arts and culture, children, civil rights and social action, economic empowerment, environment, politics, poverty alleviation and social services.