Nassau Asset Management - Liquidations, autions, collections, and repossessions

Senior Staff

Peter Castagna, Chief Executive Officer

Peter Castagna is the Chief Executive Officer and founder of Nassau Asset Management. He has well over 30 years experience in Leasing and Portfolio Management and is considered an entrepreneur and early leasing pioneer amongst the banking community.

Hastings Capital, a business Peter created in 1974, was spawned to develop vendor relationships and finance equipment purchases for credit worthy lessees. Hastings' sales force called on vendors and manufacturers spanning multiple asset classes including aircraft, construction, medical, woodworking, and more. Hastings quickly became an originator for multiple banks and their leasing subsidiaries. The company went public and the grew until 1980, when interest rates peaked over 20% and the general leasing industry was adversely affected. As such, he decided to wind-down operations and run off all existing portfolios. Peter remained managing operations by collecting delinquent accounts, coordinating repossessions, remarketing, negotiating end of term deals, and collecting deficiency balances.

As his portfolio and workload slowed down, Peter returned to his contacts in the banking community. This time instead of marketing lease paper he called offering effective portfolio management skills and services he developed for his own needs. Leasing was still in its early stages and he found himself and his skills in demand. Peter then created Nassau Asset Management in 1986 to best accomodate the upward workload trend.

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Andrew Hayes, Vice President of Asset Management

Andy Hayes is vice president of Asset Management for Nassau. He heads up Nassau's asset recovery, appraisal and global equipment remarketing services, serving leasing and finance companies across the United States and parts of Canada. Hayes has developed an in-depth understanding of many facets of asset management during his 15 years experience in the industry.

He joined Nassau in 1993 and quickly became a key point person for the company, known for his responsiveness and professionalism. Hayes has worked in most of the company's areas of operation, most recently as asset manager for equipment remarketing and appraisals before his promotion to Vice President in 2005.

Born and reared in Boston, Hayes holds a Bachelor of Science degree in Business Management from Long Island University, CW Post Campus. Andy resides in Long Beach, NY with his wife Wendy and their son Matthew.

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Denise Castagna, Marketing Coordinator

Denise Castagna is the Marketing Coordinator for Nassau Asset Management. She builds new client relationships by coordinating the design and distribution of promotional materials, and by exhibiting and attending tradeshows and other association events around the country. She also acts as a liaison between Nassau's asset recovery and sales teams and their clients.

Denise brings to the position wide-ranging experience in business, sales, education, and building public-private partnerships.

She is a member of the Equipment Leasing and Finance Association (ELFA), the United Association of Equipment Leasing (UAEL), the National Association of Equipment Leasing Brokers (NAELB) and has recently been placed on the board of the Eastern Association of Equipment Lessors (EAEL).

Denise holds a Masters degree from Adelphi University in Garden City, NY.

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