St. Louis, MO ? Outsourcing Solutions Inc. (OSI) announced today key personnel enhancements to the Portfolio Acquisitions team, which will strengthen the company?s position as a leader in the distressed-debt purchasing industry.
Thomas Hicks joins OSI as the new senior vice president – portfolio acquisitions – sales and Craig Manseth has been promoted to senior vice president ? portfolio acquisitions – strategy. ?The placement of these outstanding individuals signals to the marketplace that OSI is committed to the debt purchasing industry in a major way,? says President and CEO Kevin Keleghan.
Hicks brings to OSI 25 years of proven sales experience. Prior to joining OSI he served as a senior vice president with responsibilities including portfolio sales and sales development. OSI will benefit from Hicks? management experience in the sale of charged-off debt and performing portfolios as well as his numerous debt-sellers contacts. His primary role will be to identify profitable portfolio purchases and partnership opportunities.
Manseth?s four years of experience in portfolio acquisitions, budgeting, forecasting, planning and analysis support for OSI and his 16 years of relevant financial-based experience will be valuable assets to his new responsibilities for the OSI analytic team, sales support team and resales.
OSI was one of the largest purchasers of distressed-debt from 1995 to 2002. In 2002 OSI put the debt purchasing business on hold while negotiating a new credit facility. Now with a strong credit facility and the right leadership in place, OSI is ready for opportunities of growth in the debt purchasing industry.
OSI Continues to Add to its Business Development Team
Tim Bauer, executive vice president ? business development and portfolio acquisitions also announced that Lucy Howell has joined the OSI Business Development leadership team as vice president ? sales, financial services. Howell joins the OSI world-class, client-focused sales team with a distinguished 15-year career in sales and account management. The last 6 years of her career have been in the financial services industry, where she excelled at establishing business relationships with top ten clients from the credit card, telecom and automotive sectors.
OSI is a leading business process outsourcing (BPO) firm providing receivables management services, which link a company?s cash flow objectives with credit management policies from beginning to end of the credit-to-cash cycle. By improving the revenue cycle, OSI enhances the financial performance of America’s leading companies, as well as government entities, healthcare providers, educational institutions, and other credit grantors. With industry-specific strategies and services, OSI delivers results that improve the bottom line through accelerated cash flow, lower operating costs, reduced bad debt expense, and improved customer retention. St. Louis-based OSI provides receivables management outsourcing to a blue-chip roster of Fortune 500 clients. For more information about OSI, visit www.osioutsourcing.com.
