About Encore Capital Group
Encore Capital Group (NASDAQ:ECPG) is a specialized finance company engaged in consumer debt buying and recovery. It acquires portfolios of defaulted consumer receivables at deep discounts to face value and uses a variety of operational channels to maximize its collections from these portfolios. The company operates through a network of subsidiaries in a range of countries, applying a combination of legal, credit management, and customer service strategies to manage recovery. Encore Capital Group's primary objective is to provide financial flexibility and relief to individuals struggling with debt while aiming for strong returns to their investors. They continuously work on expanding their reach and improving operational efficiencies to enhance their portfolio recovery rates.
Snapshot
Operations
Products and/or services of Encore Capital Group
- Consumer debt collection and recovery services, focusing on purchasing and managing portfolios of defaulted consumer receivables.
- Midland Credit Management, a service provider for servicing a wide range of consumer debt.
- Asset reconstruction and recovery services, partnering with financial institutions and leveraging legal and operational expertise.
- Midland Funding, LLC, which invests in portfolios of consumer receivables.
- Consumer credit repair and financial literacy services, aimed at improving consumers' financial understanding and health.
- Legal collections and operational backbone, supporting the infrastructure to legally and ethically recover debts.
Encore Capital Group executive team
- Mr. Ashish MasihPresident, CEO & Director
- Mr. Andrew E. Asch J.D.Senior VP, General Counsel & Government Affairs
- Mr. Ryan B. BellPresident of Midland Credit Management, Inc.
- Mr. John YungPresident of International & Cabot Credit Management and CEO of Cabot Credit Management
- Mr. Tomas HernanzExecutive VP, Treasurer & CFO
- Ms. Monique Dumais-ChrisopeSenior VP & Chief Information Officer
- Mr. Bruce ThomasVice President of Global Investor Relations
- Mr. Steve CarmichaelSenior VP and Chief Risk, Strategy & Compliance Officer
- Faryar BorhaniVP & Chief Communications Officer
- Ms. Tracy TingSenior VP & Chief Human Resources Officer