Outsourcing Solutions Inc. (OSI), the nation’s leading provider of strategic receivables management services, has named Geoff Rigabar as president of its Portfolio Services division. He takes over from Bryan Faliero who will head OSI’s Consumer Business operations, which includes the company’s bankcard, financial services and telecom/utilities industry-focused service units, as well as the Portfolio Services division. Portfolio Services, which handles the buying and servicing of receivables portfolios acquired from credit grantors, accounted for 16 percent of OSI’s $540 million in revenues in 2000.
“These management changes are designed to build on the successes of the Portfolio Services division and deploy our executive team where their talents can be best used,” said Tim Beffa, OSI’s president and CEO. “Geoff brings a wealth of technical and operational experience that will help take Portfolio Services to the next level. And this change will allow Bryan to devote more time to guiding the overall growth of our Consumer Business operations.”
Rigabar joined OSI as director of business operations in October 1998. He most recently has served as senior vice president responsible for corporate development, spearheading the company’s e-commerce, scoring and segmentation, and data warehouse initiatives. He has a master’s degree in business administration from Washington University in St. Louis and a bachelor’s degree in international relations from Bridgewater College. Rigabar, who currently lives in St. Louis, will relocate to OSI’s Atlanta offices.
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