Ed Castagna, Learning from the greatest teachers Recently Leasing News asked Ed to answer four questions: 1. What is the biggest issue you face in your business? Growth and positioning for the future. 2. What advice would you give to a young person entering the business today? I see too many resumes from young people who list 3 or 4 one year jobs. Find an industry you are passionate about and stick with it. Find a mentor who you feel holds the highest values and ethics and the level of success you want to reach then follow his or her advice. 3. To what do you attribute your success? I attribute my success to the fact that I work hard for my family and for my health. 4. What is one big thing that hope to do before you die? It's always been a dream of mine to Ski in Chile or Argentina in July. Hopefully my boys will be old enough to be there with me. Maybe they bring my grandkids with them.
Ed joined the Leasing News Advisory Board on February 4, 2004. ” I have been fortunate to learn from the greatest teachers in the business and have too many mentors in our industry to name, “he said. “It’s difficult to convey to people outside our industry how terrific the people are in the companies we deal with every day.” Ed joined his father’s business Nassau Asset Management full time right after graduating college in 1991, working his way up the ladder. “I've been working with my father as long as I can remember,” he says “In my teens I learned how to appraise equipment from our yard mechanics and soon after college became the point person for liquidations. Through this function I can say I have seen most of the “My father started in the leasing business back in the 70's. While running down his own leasing portfolio in the 80's he discovered that other lessors needed to deal with collections, end of term, and repossessions just as he did for himself. In 1986 Nassau was born.” In June, 2005, his father recognized his accomplishments, moved himself up to chairman so he could appoint Ed president. He now was not only fully in charge of day to day activity; he also got a pay raise.
“I live in NY and have 2 boys Jack (3) and Sam (6)”
“My wife Jeanine has her own law practice specializing in adoption. I always tell people she's a "nice” attorney which anyone who meets her will agree. She's a beautiful person who has been bringing the best out of me since the day I met her.”
They both like to travel. “At 40, I'm proud to say I have been attending the Equipment Leasing and Finance Association events for 24 years, he said. “ Being elected to the ELFA board is an honor. My goal is to make a contribution of time and energy to an industry that I respect. Leasing News Advisory Board Member Biography
Edward Castagna, President Castagna has helped liquidate the assets of thousands of distressed companies since joining the firm in 1991. He is particularly knowledgeable about using an alternative to auctions, known as orderly liquidations, to maximize return on liquidated assets. Nassau Asset Management is a full service provider of asset recovery, collections, remarketing and appraisal services to the equipment leasing and finance industry. He has 15 years of experience in all areas of asset management . He is best known for his expertise in remarketing strategies and liquidations. His responsibility includes managing internal operations and a growing staff while working on behalf of clients. His accomplishments include transforming the brick-and-mortar business into an e-commerce-enabled company. Castagna was instrumental in the conception, design, production and marketing of www.nasset.com, a global Web site for remarketing assets. He also was involved in the development and enhancement of NASTRAC, an online system that keeps Nassau customers informed, in real time, about the repossession and sale of used equipment. Edward Castagna is a board member of the Equipment Leasing and Finance Association (formerly the Equipment Leasing Association) representing the service providers business council. He is an industry speaker and quoted source on asset remarketing strategies. He graduated from Syracuse University in 1991 with a Bachelor of Arts degree in psychology. Active in community affairs, he is the Vice President of The Tender Loving Care Foundation, a civic organization that raises funds to enhance neo-natal care for North Shore's Long Island Jewish Health System.
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