Encore Capital Group (ECPG) is an international specialty finance company headquartered in San Diego, California. It specializes in providing debt recovery solutions and related services for consumers across a wide range of financial assets. The company primarily purchases portfolios of defaulted consumer receivables at significant discounts and helps individuals repay their debt obligations, aiding their financial recovery.
- Debt Purchasing and Recovery - Acquires portfolios of distressed consumer debt at discounted rates and manages the recovery process to help consumers repay their obligations.
- Servicing Revenue - Provides services related to managing and recovering consumer debt portfolios for third-party clients.
- Other Revenues - Includes miscellaneous income streams related to its financial operations.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Ashish Masih ExecutiveBoard | President and Chief Executive Officer | Ashish Masih is the CEO of Encore Capital Group since June 2017 and also serves as a Director on the Board. He previously held the role of Executive Vice President and President of Midland Credit Management, Inc. from November 2016 to June 2017. | View Report → | |
Andrew E. Asch Executive | Senior Vice President, General Counsel, Government Affairs, and Corporate Secretary | Andrew E. Asch is the Senior Vice President, General Counsel, Government Affairs, and Corporate Secretary at Encore Capital Group since August 2022. Previously, he served as General Counsel at Midland Credit Management starting in March 2016. | ||
John Yung Executive | President of International and Cabot Credit Management | John Yung is the President of International and Cabot Credit Management at ECPG since May 8, 2023. Previously, he served as Senior Vice President, Chief Global Strategist, and Growth Officer at the company. | ||
Ryan B. Bell Executive | President, Midland Credit Management | Ryan B. Bell has been with Encore Capital Group since September 2011 and became President of Midland Credit Management in January 2020, overseeing the company’s strategic operations. There are no board or committee memberships reported for him. | ||
Tomas C. Hernanz Executive | Executive Vice President, Chief Financial Officer, and Treasurer | Tomas C. Hernanz is the Executive Vice President, Chief Financial Officer, and Treasurer at ECPG since April 1, 2025. He previously served as Chief Financial Officer of Cabot Credit Management from October 2022 until his promotion. | ||
Angela A. Knight Board | Director | Non-Executive Chair of the Board of Directors at Pool Reinsurance Company LTD; Non-Executive Director at Arbuthnot Banking Group plc; Deputy Chairman of the Astana Financial Services Authority | Angela A. Knight has served as Director at Encore Capital Group since September 2019 and is Chair of the Nominating and Corporate Governance Committee, bringing extensive leadership experience in international financial services and governance roles. | |
Ashwini (Ash) Gupta Board | Director | Board member and Chair of Corridor Platforms Inc; Advisor at Oliver Wyman; Non-profit board member at Big Brothers Big Sisters of New York; Non-profit board member at NACD New York Chapter; Advisory board member at South Asian Youth Action (SAYA!) | Ashwini (Ash) Gupta has served as a Director at Encore Capital Group since September 2015 and chairs the Compensation Committee. Previously, he held executive roles at American Express as President – Global Credit Risk & Information Management and Chief Risk Officer. | |
Jeffrey A. Hilzinger Board | Director | Jeffrey A. Hilzinger serves as a Director at Encore Capital Group (ECPG) since September 2019. He has extensive financial services leadership experience, having previously served as CEO of Marlin Business Services Corp from June 2016 until January 2022 and held key roles at Everbank Commercial Finance, US Express Leasing, Aternus Partners, and Heller Financial. | ||
Laura Newman Olle Board | Director | Board Member of Morgan Stanley Bank, N.A.; Board Member of Morgan Stanley Private Bank, National Association | Laura Newman Olle has served as a Director at Encore Capital Group since February 2014, bringing extensive experience in risk management and IT from roles at Capital One and Freddie Mac. | |
Michael P. Monaco Board | Non-Executive Chairman | Michael P. Monaco has served as the Non-Executive Chairman at Encore Capital Group since August 2014, bringing extensive experience in public company accounting, financial services, and risk management. He held notable previous roles such as CFO at American Express and Vice Chairman at Cendant Corporation. | ||
Richard P. Stovsky Board | director | Member of the board, audit and compliance committee, and compensation committee at Olympic Steel, Inc.; Board member of The Cleveland Orchestra; Board member of The 50 Club of Cleveland; Board member of The Cleveland Museum of Art; Board member of Bluecoats of Cuyahoga County; Board member of Jewish Federation of Cleveland; Board member of The Cleveland Foundation; Board member of University School | Richard P. Stovsky has served as a director and Chair of the Audit Committee at ECPG since August 2018, bringing extensive experience from his long tenure at PwC and serving on various boards. | |
Wendy G. Hannam Board | Director | Independent Review Committee of BMO Asset Management Inc.; Royal Conservatory of Music | Wendy G. Hannam has served as Director and Chair of the Risk Committee at ECPG since September 2015. Prior to her role at ECPG, she held executive positions at Scotiabank, including Executive Vice President roles in International Retail Banking and Latin America. | |
William C. Goings Board | Director | Director at TrueBlue, Inc.; Director at Penn Mutual Life Insurance Company; Director at AARP Services Inc. | William C. Goings has been a director at Encore Capital Group since September 2022 and serves on the Compensation Committee, bringing extensive experience from previous executive roles at TD Bank Group, Genworth Financial Inc., and GE Capital. |
- Can you elaborate on whether any non-recurring expenses in Q2, such as the higher interest from bond issuances in 2024, influenced the $285,000,000 annual interest expense guidance, and if similar items might affect future quarters?
- With the observed slight downtick in charge-off and delinquency rates, how do you anticipate these trends will impact portfolio supply and pricing in the U.S. market for the remainder of 2025?
- As operating expenses increased by 15% due to onboarding new portfolios, what specific cost control measures are being implemented to ensure these higher expenses do not offset the improvements in collections growth?
- Given the significant emphasis on U.S. portfolio acquisitions and the healthy supply in that market, what contingency plans are in place if competitive dynamics or consumer credit trends shift unexpectedly?
- Can you provide more insight into the revised collections multiples for the 2025 vintage (2.3 for MCM and 2.4 for Cabot), particularly how variations in currency fluctuations and operational performance might affect their stability?
Recent press releases and 8-K filings for ECPG.
- Encore Capital Group reported earnings per share of $2.49 for the second quarter ended June 30, 2025, an 86% increase compared to $1.34 in the prior year period.
- Global portfolio purchases in Q2 2025 increased 32% year-over-year to $367 million, including a record $317 million in the U.S..
- Global collections reached a record $655 million in Q2 2025, representing a 20% increase from the second quarter last year.
- The company raised its full-year global collections guidance to approximately $2.5 billion, reflecting 15.5% year-over-year growth.