Executive Change: Anthony Riggio to Encore Capital Group

Encore Capital Group, Inc. (Nasdaq: ECPG), a leading distressed consumer debt management company, today announced that it has hired Anthony Riggio as its Senior Vice President of Business Development and Portfolio Acquisitions. In this role, Mr. Riggio will lead Encore's consumer debt portfolio acquisition and sales efforts concentrating on large purchase opportunities and developing relationships with major credit issuers, financial institutions and other potential sellers of distressed debt.

Mr. Riggio joins Encore building on a successful career in the credit card industry. Most recently, Mr. Riggio was Senior Vice President for Business Development and Strategic Partnerships for card services at Washington Mutual (formerly Providian) where he was credited with developing, structuring and negotiating significant business partnerships. Prior to that, Mr. Riggio held several senior sales and business development positions in credit card and payment processing businesses.

Mr. Riggio has an MBA from the University of Michigan and a Bachelor of Science degree from The Pennsylvania State University.

"Anthony brings tremendous value to Encore. The depth of his industry experience and proven track record of creating innovative growth opportunities in both new and established markets align well with our strategic goals. Leveraging our analytical, data driven approach, Anthony will be well positioned to drive additional portfolio growth of our consumer debt business in both new and existing asset classes. We are pleased to have him on our team and look forward to his success at Encore," said J. Brandon Black, President and CEO of Encore Capital Group, Inc.

Encore Capital Group, Inc. is a systems-driven purchaser and manager of charged-off consumer receivables portfolios. More information on the company can be found at www.encorecapitalgroup.com.

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