Press Releases Archive

US Retirement Market Totals Over $24 Trillion and Generates $183 Billion in Revenue for Financial Services Firms, According to New Novarica Special Report 18th May 2009 While the US Retirement Market is twice as big as the USA’s annual GDP and generates $183 billion in annual revenue for financial services firms, few market participants have a clear picture of the total value chain and who captures most of the revenues, says a special report published today by ...

J.D. Power and Associates in conjunction with Novantas Reports: Achieving Higher-than-Average Customer Satisfaction Can Lead To 2 to 5 Percentage Point Increases in Deposit Growth for Banks 25th Mar 2009 Banking institutions that achieve above-average satisfaction levels among customers can potentially secure an increase of 2 to 5 percentage points in additional deposit growth, according to a report by J.D. Power and Associates and Novantas, LLC ...

Dave Kaytes Featured on WOR Talk Radio; Speaks with Joan Hamburg about the Growing Possibility of Bank Nationalization 23rd Jan 2009 Kaytes spoke today on WOR radio’s Joan Hamburg Show during a segment of her program dedicated to the discussion of U.S. banks being nationalized.

BankAtlantic Enters into an Agreement with Novantas, LLC 17th Dec 2008 In our ongoing effort to enhance our deposit pricing practices, we partnered with Novantas to employ a more quantitative approach to evaluating liability pricing. The intent of this effort is to become more efficient in product pricing and improve the development of product and pricing strategies,” commented BankAtlantic’s President and Chief Executive Officer, Jarett S. Levan.

Rick Spitler is Featured at the BAI Retail Delivery Conference, Speaks on Retail Deposit Competition 20th Nov 2008 A Managing Director in the New York offices of Novantas LLC, Spitler led a session titled “Meeting the ‘Energy Crisis’ in Retail Deposits.” He said that core deposit funding likely will remain scarce and expensive for quite some time, explaining that banks no longer could count on the generous supply ...

Michael Rice and Stephen Baird Lead Conference on Mid-Market Commercial Banking, Unveil New Research 10th Nov 2008 Michael Rice and Stephen Baird, respectively a Managing Director and a Director in the Chicago offices of Novantas LLC, today led the agenda at the new Middle Market Commercial Banking Symposium sponsored by SourceMedia.

Henry “Hank” Israel Joins Novantas; Expert will focus on Building Bank Revenues through Innovation 5th Nov 2008 Israel will focus on helping banks to grow revenues, with special emphasis on developing innovative products, improving the retention of fee-intensive customer relationships, and refining pricing strategies. He is an industry leader in developing checking product and service charge strategies that help to ...

Les Dinkin is Featured at SourceMedia Small Business Banking Conference, Speaks on Growing Deposits 27th Oct 2008 A Managing Director in the New York offices of Novantas LLC, Dinkin led a panel discussion titled “Small Business Deposit Growth: Why Don’t Retail Bankers ‘Get it’”? He said that precision management approaches for small business banking are needed in a recessionary ...

Annetta Cortez and James LeVan Speak on Home Equity Lending for OnSite Conference 25th Sep 2008 Annetta Cortez and James LeVan, respectively a Managing Director and a Principal in the New York offices of Novantas LLC, today led an OnSite Conference presentation on “Fighting the Fires in Home Equity Lending.”

Kenneth Alverson Joins Novantas; Veteran Consultant Brings Broad Expertise in Strategic Planning and Operations 24th Sep 2008 Novantas LLC, today announced the addition of Kenneth Alverson, a leading consultant in financial services with more than 20 years of high-level experience in banking. Most recently he was a vice president at First Manhattan Consulting Group, New York.

Les Dinkin and Kevin Travis Speak on Driving Small Business Deposit Growth in BAI Webinar 24th Sep 2008 Les Dinkin and Kevin Travis, respectively a Managing Director and a Director in the New York offices of Novantas LLC, today led a BAI Webinar on growing small business deposits in a turbulent market.

Steve Turner Joins Novantas; Veteran Consultant Brings Broad Expertise in Risk Management 26th Jun 2008 Novantas LLC, today announced the addition of Steve Turner, a leading advisor and consultant in financial services. Most recently he was a senior officer at First Manhattan Consulting Group, New York

Stephen Baird and Edward Dellheim Speak on Commercial Deposit Strategy for OnSite Conference 19th Jun 2008 Stephen Baird and Edward Dellheim, respectively a Director and a Manager in the Chicago offices of Novantas LLC, today led an OnSite Conference presentation showing how leading banks can refine the way they gather and price commercial deposits, both to improve margins and grow the funding base.

Robert Vokes Joins Novantas; Technology & Operations Expert Will Advise on Performance Improvement in Banking and Wealth Management 30th May 2008 Novantas LLC, today announced the addition of Robert Vokes, a leading advisor on technology and operations in financial services. Most recently he was a managing vice president at First Manhattan Consulting Group, New York.

Chad Hersh Joins Novarica; Insurance Expert Brings Unique Expertise to Novantas Research Subsidiary 4th Apr 2008 Novarica, a Novantas research and advisory services subsidiary focused on insurers and financial institutions, today announced the addition of Chad Hersh, a leading expert on insurance technology strategy. Most recently, Hersh was a senior analyst in the insurance practice at Celent...

Annetta Cortez Joins Novantas; Risk Management Expert Will Focus on Retail and Commercial Banking 31st Mar 2008 Novantas LLC, announced the addition of Annetta Cortez, an international expert in risk management and capital management. Most recently she led her own firm, ACT Consulting, in advising many of the major banks in Australia, Asia, the United Kingdom and the United States.

Richard Tambor Joins Novantas; Risk Management Expert Will Focus on Payments 7th Mar 2008 Novantas LLC, today announced the addition of Richard Tambor, a seasoned payments expert with deep expertise in risk management. Most recently, he was a Senior Advisor at Inductis Inc., a global professional services company based in New Providence, New Jersey.

Sherief Meleis and Kevin Travis are featured in BAI Webinar, Speak on Winning in Local Markets 14th Feb 2008 Meleis is a Managing Director and Travis is a Principal in the New York offices of Novantas LLC, and they led a session titled “Winning in Local Markets.” They said that while previous decades of consolidation and centralization have improved branch banking efficiency, many of the ...

Alok Gupta Joins Novantas; Marketing Expert Will Focus on Retail Banking 4th Feb 2008 Novantas LLC, today announced the addition of Alok Gupta, Ph.D., an accomplished retail marketing strategist with deep expertise in financial services. Most recently, he was an Associate Partner at Rosetta Marketing Group LLC, a consulting firm based in Manhattan.

Novantas Launches Novarica, a Research and Advisory Subsidiary; Unit will be Led by Matthew Josefowicz, Initially Focusing on Insurance Technology Strategy 7th Jan 2008 Novantas LLC, the leading provider of management consultancy and information services to the financial services industries, today announced the launch of Novarica (www.novarica.com), a research and advisory services subsidiary.

Sherief Meleis is Featured at the BAI Retail Delivery Conference, Speaks on Branch Network Optimization 14th Nov 2007 A Managing Director in the New York offices of Novantas LLC, Meleis led a session titled "Winning in Micro–Markets." He said that while previous decades of consolidation and centralization have improved branch banking efficiency, many of the largest institutions have seen declines in local responsiveness and market share.

Matthew Josefowicz Joins Novantas; Research and Consulting Expert will Focus on Technology and Operations in the Insurance Industries 12th Nov 2007 Novantas LLC, today announced the addition of Matthew Josefowicz, formerly the Managing Director of the insurance practice at Celent LLC, a research and consulting firm focused on the application of information technology in financial services.

Robin Foote and Leo D'Acierno are Featured by OnSite Conference, Speak on Local Marketing Optimization 1st Nov 2007 Managing Directors at Novantas LLC, Foote and D'Acierno led a session titled "Using Local Insight to Increase Marketing Effectiveness." Particularly in the current era of slowing conditions in retail banking, they said, institutions often are ill-served by broad-based marketing initiatives, which typically ...

Alistair Jessiman is Featured at Wealth Managment Symposium, Speaks on Customer Alignment 29th Oct 2007 A Managing Director in the New York offices of Novantas LLC, Jessiman led a session titled "Realigning Distribution around Target Customers." While it is true that various strengths in wealth management still lay fragmented in product silos at many banks, he said, the problem can't be solved by treating ...

Michael Rice is Featured at Source Media’s Small Business Banking Conference, Speaks on Accelerating Prospecting and Customer Acquisition 28th Oct 2007 Managing Director in the Chicago offices of Novantas LLC, Rice said that while continued growth in small business deposits and loans has been a bright spot in retail banking, many organizations remain unable to serve the market effectively, limiting their growth. Marketing and sales are ...

Rick Spitler is Featured at Marketing Symposium, Speaks on Improving Advertising Effectiveness 15th Oct 2007 Managing Director in the New York offices of Novantas LLC, Spitler led a session titled "Refining the Marketing Plan for Maximum ROI." He said that blanket advertising campaigns often squander resources, both on low–potential markets and on broad initiatives that don't effectively reach ...

Les Dinkin is Featured in OnSite Conference Presentation, Speaks on Optimizing Branch Sales 20th Sep 2007 A Managing Director at Novantas LLC, Dinkin led a session titled "Fixing What's Broken in Branch Sales." He showed how retail banking institutions are using new approaches that 1) better analyze customer sales interactions; and 2) better enable staff to consistently and effectively identify and ...

Stephen Baird Joins Novantas, Consulting Expert will Focus on Commercial and Wholesale Banking 1st Jun 2007 Novantas LLC has announced the addition of Stephen Baird, formerly a Principal at Treasury Strategies Inc. Baird has been named a Director at Novantas and will join the Firm's Commercial Banking practice. He will be based in the company's Chicago office.

Novantas Acquires Jackson LaSalle Group, a Leading Financial Services Consulting Firm Based in Chicago 1st Mar 2007 Novantas LLC has announced the acquisition of Jackson LaSalle Group, a leading financial services consultancy based in Chicago. The deal will anchor Novantas' Midwest practice expansion.

Les Dinkin Featured at Royal Media's Small Business Banking Summit, Speaks on Accelerating Sales 9th Feb 2007 A Managing Director at Novantas LLC, Dinkin led a session titled "Pragmatic Keys to Growth in Small Business Banking." He presented a series of specific recommendations for sales performance improvement, including ...

Rick Spitler Featured at BAI's 2006 Retail Delivery Conference & Expo, Speaks on Managing Complexity 16th Nov 2006 A Managing Director at Novantas, Spitler moderated a session on "Managing Complexity—Clarifying Branch Management and Strategy for Peak Front Line Performance." Panelists included Betty Cowell, EVP & Director of Sales and Service for Retail and Small Business at Wachovia Corp; ...

Sherief Meleis Featured at BAI's 2006 Retail Delivery Conference, Speaks on Competitive Distinctiveness 15th Nov 2006 A Managing Director at Novantas LLC, Meleis led a session titled "Forget the Toaster: Driving Branch Traffic through Distinctiveness." With core deposits growing at less than half the rate seen a few years ago, banks must win market share in order to meet their individual performance goals ...

Les Dinkin Featured at BAI's 2006 Retail Delivery Conference, Speaks on the Customer Sales Experience 14th Nov 2006 A Managing Director at Novantas LLC, Dinkin led a workshop titled "Focusing on the Customer Experience for Peak Sales Performance." Dinkin advocated four steps to improve the customer sales experience: 1) use objective assessments to measure the customer experience, including ...

Les Dinkin Featured at American Banker's Small Business Banking Conference 24th Oct 2006 A Managing Director at Novantas, Dinkin moderated a session on "Capturing the Total Small Business Wallet." To make the most of the small business opportunity, Dinkin said, banks should take a two-pronged approach that includes ...

Novantas Managing Director Peter C. Davis is Named EVP of Global Strategy at The McGraw-Hill Companies 17th Oct 2006 Peter C. Davis has been named Executive Vice President for Global Strategy at The McGraw-Hill Companies, a global information services company with 2005 revenues of $6 billion. In his new role, Davis will work closely with the McGraw-Hill senior management team to build ...

Novantas Ranks #1 in Vault Global Survey of Consulting Employee Quality of Life 3rd Oct 2006 Novantas has been accorded the top ranking in employee quality of life in the prestigious Vault 2007 Management and Strategy Consulting Survey. The ranking is based on anonymous survey feedback from employees at 92 management consulting firms, including most of the major firms worldwide.

Novantas Forms Strategic Alliance with CognoData Consulting, Expands Presence in Spain 26th Jun 2006 Novantas LLC today announced the formation of a strategic alliance with CognoData Consulting, Madrid, further expanding its presence in Spain. The two companies also set a goal of merging by the end of 2006.

Robin Foote Featured at Piper Jaffray Symposium, Speaks on New Strategies to Win Market by Market 20th Jun 2006 A Managing Director at Novantas, Foote led a discussion on "Winning Market by Market: Innovation in Strategy and Management." Foote said winning retail banks will: 1) Concentrate firepower at the local level, optimizing performance in each market; 2) reinforce their position though ...

Novantas Says 'Smart Mergers' Will Stress Revenue Growth in Report for Consumer Bankers Association 11th Jun 2006 Novantas identified five key analyses that each bank should conduct in order to determine its optimal merger strategy: 1) Determine the growth and competitive characteristics of each market being served; 2) Measure bank performance against the potential of each market; 3) Develop a roadmap on ...

Rick Spitler Featured at American Banker's Branch Banking Symposium, Speaks on Driving Branch Traffic 11th May 2006 As free checking loses steam as a promotional vehicle, banks will need to develop a variety of different strengths to drive customer traffic, Rick Spitler today told attendees at American Banker's Branch Banking Symposium, an annual gathering of executive leaders and industry experts in ...

Dave Kaytes Featured at BAI's SmartTactics Conference, Speaks on Branch Management 24th Apr 2006 A Managing Director at Novantas, Kaytes discussed "Making the Most of Local Branch Presence" at SmartTactics, a gathering of retail professionals that explores best practices and innovative approaches to drive profitable retail delivery.

Novantas Managing Director James Meyer Named Chief Executive Officer of On2 Technologies 14th Apr 2006 Novantas LLC has announced that James Meyer has been named Chief Executive Officer of On2 Technologies Inc., a leading technology firm at the forefront of digital compression. A Managing Director at Novantas, Meyer was elected to On2's Board of Directors in May 2005.

Novantas Acquires PriMetriq, an Information Services Company 5th Dec 2005 Novantas LLC has announced the acquisition of the business interests, staff, software, license rights from PriMetriq LLC, an information services company that helps banks and insurers to improve marketing and sales force productivity in retail and small business banking.

Les Dinkin Featured at BAI's Retail Delivery Conference, Speaks on Leveraging Branch Traffic 16th Nov 2005 A Managing Director at Novantas LLC, Dinkin led a panel discussion on "Leveraging Branch Traffic for Peak Organic Growth." Participating in this session were Gene Kirby, Corporate Executive Vice President, Retail Line of Business at SunTrust Banks Inc., and Neil Hall, Executive ...

Rick Spitler and Robin Foote Featured at BAI's Retail Delivery Conference, Speak on Free Checking Strategy 14th Nov 2005 Managing directors at Novantas LLC, Spitler and Foote were featured speakers at a workshop titled "Free Checking Round II: Leveraging a Growing Customer Base." They explored the issues with free checking and made a variety of recommendations on how to place customer relationships on ...

Sherief Meleis Featured at BAI's Retail Delivery Conference, Speaks on Deposit Strategy 14th Nov 2005 A managing director at Novantas LLC, Shereif Meleis was a featured speaker on the topic of "New Deposit Strategies for a Rising Rate Environment." He explored the issues surrounding a changing interest rate environment and made recommendations on how to retain valuable ...

Novantas Acquires Wallace & Mackenzie Inc. 2nd Nov 2005 Novantas LLC has announced the acquisition of Wallace & Mackenzie, Inc., a management consultancy focused on wealth management and private banking. "Novantas' key strengths are directly applicable to wealth management and private banking, expanding the services we can offer in ...

Novantas Probes Branch Network Performance Issue in Report Published by Consumer Bankers Association 17th Oct 2005 Novantas LLC today released a joint study with BAI Research that shows how the rise of specialization in the deposit business could provoke important changes for large-scale generalist financial institutions.

Novantas and BAI Research Release Study on Deposit Strategy, Warn of Challenges Posed by Specialization 1st Oct 2005 Novantas LLC has released a joint study with BAI Research that shows how the rise of specialization in the deposit business could provoke important changes for large-scale generalist financial institutions.

Novantas Launches PriceTek 15th Jun 2005 Novantas LLC has announced the launch of PriceTek, an analytical pricing support system for retail and small business banking. "PriceTek provides a scientific toolkit that helps banks refine deposit pricing competitive strategies for each of their local markets, anticipate how balances will change in ...

Rick Spitler of Novantas is Featured at Chicago Fed Conference on Bank Structure and Competition 5th May 2005 A Managing Director at Novantas LLC, Spitler was a guest speaker at the Chicago Fed's Conference on Bank Structure and Competition, which brings together several hundred financial institution executives, regulators and academics to examine current policy issues.

Novantas Outlines Top Retail Banking Challenges in Report Published by Consumer Bankers Association 18th Apr 2005 Novantas LLC has outlined the top retail banking challenges in "Beyond the Failsafe Point: In Search of Targeted Solutions in Retail Banking," a research report published by the Consumer Bankers Association. The research study examined three major issues facing the ...

José-Luis Cortina Joins Novantas, To Lead Consulting Practice in Spain 1st Mar 2005 José-Luis Cortina, co-founder of GAP Management Consulting, Madrid will serve as Managing Director and Regional Head of Novantas, España

Novantas Launches Retail Banking Research Series with Consumer Bankers Association 1st Mar 2005 Novantas LLC, leading provider of management consultancy and information services to the financial industries, today announced the launch of a new retail banking research series with the Consumer Bankers Association.The Defining Difference research series will delve into various aspects of ...

Marion Robin Foote Joins Novantas, Former Bank of America Executive Expands Retail Banking Practice 24th Jan 2005 Novantas LLC, today announced the addition of Marion Robin Foote, formerly Group Executive Vice President and Head of Relationship Marketing at Bank of America Corp.

Steve Klinkerman Joins Novantas, Former Banking Strategies Editor Will Lead Marketing Function 1st Jan 2005 Novantas LLC, today announced the addition of Steve Klinkerman, a former Managing Director at the Bank Administration Institute and Editor-in-Chief of Banking Strategies magazine

Novantas Acquires NBW Consulting Group 12th Nov 2004 Novantas LLC has agreed to acquire NBW Consulting Group Inc, a leading consultancy focused on branch performance effectiveness.

	Dave Kaytes Named a Director at US Health Group 15th Mar 2004 Dave Kaytes, Managing Director, has been elected to the Board of Directors of US Health Group Inc., a wholly owned subsidiary of Credit Suisse First Boston LLC.

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