Encore CEO Ashish Masih Reappointed to
U.S.-India CEO Forum
U.S. Commerce Secretary Co-Chairs Group Committed to Strengthening
Economic Ties
SAN DIEGO, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an
international specialty finance company, today announced that its President and
CEO, Ashish Masih, has been reappointed by U.S. Secretary of Commerce Gina M.
Raimondo to the U.S.-India CEO Forum.
The Forum brings together top-level business executives from both
nations to discuss ways to strengthen economic and commercial ties. Masih was
first named to the group in 2019, and his reappointment is effective through
2024. The U.S. section of the forum includes the CEOs of 19 companies
representing a broad and diverse range of industries from across the United
States. Secretary Raimondo serves as the forum’s public sector co-chair along
with Piyush Goyal, Indian Minister of Commerce and Industry.
“I’m a native of India who has made the U.S. my home for more than
30 years, and I’m proud to lead a U.S.-based company with more than 2,000 of
our colleagues working in India,” said Masih. “Participating in the Forum has
given me a chance to share the many complementary strengths I see between our
two countries and the opportunities I see for even greater partnership in the
future. I’m honored to continue working with a group so committed to improving
economic ties between two of the world’s most innovative and vibrant
economies.”
San Diego-based Encore has had major operations in India through
its subsidiaries since 2005. The team in India includes professionals working
in operations, information technology, decision science, human resources, legal
and other essential corporate functions. Additionally, Encore maintains an
investment in the Indian market through the Encore Asset Reconstruction Company
(EARC), which purchases and services business and consumer non-performing loans
(NPLs) in India. Through the EARC, Encore is able to
deliver its consumer-centric recovery approach to consumers within the country.
The U.S.-India relationship is important not only to Encore’s
business but also to its culture. The company’s diversity, equity
and inclusion (DE&I) and communications teams work to share American and
Indian cultural and historic events that help employees who work together
across the two countries to learn more about the traditions and life
experiences of their colleagues. The organization has also received several
awards that acknowledge its employee focus, including being recognized among
the “100 Best Companies for Women in India (BCWI)” for the fourth straight year
and certified as a “Great Place to Work.”
“Encore’s success in fostering collaboration, respect and
appreciation between the U.S. and India is a microcosm of the type of work
we’re doing through the Forum,” added Masih. “Our team is strengthened every
day by the ideas and expertise shared across our borders, and what we’ve built
can serve as a model for others seeking the mutual benefit of a true global
partnership.”
Masih received an engineering degree from the Indian Institute of
Technology in New Delhi, a master’s degree in manufacturing systems engineering
from Lehigh University and an MBA from the Wharton School of Business at the
University of Pennsylvania.
About Encore Capital Group, Inc.
Encore is an international specialty finance company that provides
debt recovery solutions and other related services across a broad range of
financial assets. Through its subsidiaries around the globe, Encore purchases
or services portfolios of receivables from major banks, credit unions and
utility providers.
Headquartered in San Diego, Encore is a publicly traded NASDAQ
Global Select company (ticker symbol: ECPG) and a component stock of the
Russell 2000, the S&P Small Cap 600 and the
Wilshire 4500.
Contact
Faryar
Borhani, Senior Director, Corporate Communications
Press@EncoreCapital.com