Credit, Collections & Insolvency News
Invenio Financial the debt purchasing subsidiary of Phillips & Cohen Associates (PCA) has announced that it has appointed a senior debt purchase executive. Alexander Holzgreve joins as Head of Acquisitions Europe to lead European growth for the group.
Holzgreve, an innovative industry leader, brings with him over 20 years’ experience across multiple countries and credit products on behalf of major institutions such as Deutsche Bank and more recently Aktiv Kapital and PRA Group, where he was Managing Director and led portfolio acquisitions across Europe as member of the European management team.
On joining Invenio, Holzgreve said “I am excited to join Invenio at such a key time to lead the groups European debt purchase expectations. The combination of Invenio and PCA’s specialist experience and servicing capability means that we are perfectly positioned to offer a true novelty solution to financial institutions and creditors across Europe. We know from client feedback that in times of increased scrutiny over conduct in the field of debt collection and concerns over data protection and reputation, the ability to monetize this specialist asset class through a trustworthy partner like Invenio is key. Our exclusive access to PCA’s unique compassionate customer approach in domestic offices and local languages ensures a significantly better customer outcome and continued brand protection post sale.”
Adam S. Cohen, Group CEO said “We have exciting growth aspirations across both the UK and an expanding number of European markets and are delighted to be able to add a leader of Alex’s quality and experience to our organization. Our combined solutions create incremental value to creditors while at the same time providing a truly Best in Class experience for consumers.”
