LOS ANGELES--(BUSINESS WIRE)--
Paul Simmons has joined the Hankey Group of Companies as President and
Chief Operating Officer, responsible for the growth and expansion of
revenues, assets and profitability of all the Hankey Group companies,
the firm announced.
Prior to joining the Hankey Group, Mr. Simmons was Executive Vice
President of Zions Bancorporation and Chief Credit Administrator for its
real estate lending businesses. In addition, Simmons served as partner
at Apollo Real Estate Advisors and as Managing Director at GE Capital.
Mr. Simmons began his career with Citibank with domestic and
international banking responsibilities.
"Our group of companies is currently at $4 billion in total assets, and
Paulís addition will help us maintain our current return on equity and
keep our companies growing,Ē said Don Hankey, Chairman and CEO.
Simmons graduated from Brigham Young University and went on to earn his
M.B.A. from the Simon School at the University of Rochester.
About Hankey Group:Hankey Group, headquartered in Los Angeles,
California, is comprised of seven operating companies with 2,000
employees. Don Hankey founded six of the companies and purchased the
seventh in 1988. Hankey Group and its seven subsidiaries, including
Westlake Financial Services and Knight Insurance Group, comprise some of
the most profitable, privately held finance and insurance companies in
the United States. Hankey Groupís Total Assets is on track to reach $4
Billion by the end of 2014.
The Hankey Group companies strive to maintain an Average Annual Return
on Equity, before tax, of 30%, and an Annual Net Income Growth Rate of
20%. Operating with low leverage has enabled it to realize record profit
and expand its businesses dramatically since 2008.
Eugene Leydiker, Director Business & Legal Affairs,
Phone: 1 (323) 692-4026
Source: Hankey Group of Companies