Encore CEO Ashish Masih reappointed to US-India CEO Forum

Encore Capital Group Inc.

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 firm, today announced that its President and Chief Executive Officer, Ashish Masih, has been reappointed in office by US Secretary of Commerce Gina M. Raimondo at the US-India CEO Forum.

The Forum brings together high-level business leaders from both countries to discuss ways to strengthen economic and trade ties. Masih was first appointed to the group in 2019, and his reappointment is effective until 2024. The US section of the forum includes CEOs from 19 companies representing a wide range of industries across the United States. Secretary Raimondo is co-chair of the public sector forum with Piyush Goyal, Indian Minister of Trade and Industry.

“I am from India and have called the United States home for over 30 years, and I am proud to run a US-based company with over 2,000 of our colleagues working in India,” Masih said. “My participation in the Forum has given me the opportunity to share the many complementary strengths I see between our two countries and the opportunities I see for an even greater partnership in the future. I am honored to continue working with a group so committed to improving economic ties between two of the most innovative and dynamic economies in the world.

Encore, based in San Diego, has had major operations in India through its subsidiaries since 2005. The team in India includes professionals working in operations, information technology, decision science, resources human, legal and other essential business functions. In addition, Encore maintains an investment in the Indian market through Encore Asset Reconstruction Company (EARC), which purchases and manages non-performing business and consumer loans (NPLs) in India. Through the EARC, Encore is able to bring its consumer-centric recovery approach to consumers nationwide.

The American-Indian relationship is important not only to Encore’s business, but also to its culture. The Diversity, Equity and Inclusion (DE&I) and Corporate Communications teams strive to share American and Indian cultural and historical events that help employees who work together in both countries learn more on the traditions and life experiences of their colleagues. The organization has also received several awards that recognize the importance it places on its employees, including being recognized among the “Top 100 Companies for Women in India (BCWI)” for the fourth consecutive year and certified as “Great Place to Work”.

“Encore’s success in promoting collaboration, respect and appreciation between the United States and India is a microcosm of the kind of work we do through the Forum,” Masih added. “Our team is strengthened every day by the ideas and expertise shared beyond our borders, and what we have built can serve as a model for others who seek the mutual benefits of a true global partnership.”

Masih earned an engineering degree from the Indian Institute of Technology, New Delhi, a master’s degree in manufacturing systems engineering from Lehigh University, and an MBA from the Wharton School of Business, University of Pennsylvania.

About Encore Capital Group, Inc.

Encore is a specialized international financial company that provides debt collection solutions and other related services for a wide range of financial assets. Through its subsidiaries around the world, Encore purchases or manages portfolios of receivables from major banks, credit unions and utility providers.

Based in San Diego, Encore is a publicly traded company on NASDAQ Global Select (ticker symbol: ECPG) and a constituent of stocks in the Russell 2000, S&P Small Cap 600 and Wilshire 4500.

Contact

Faryar Borhani, Senior Director, Corporate Communications
[email protected]

Melvin B. Baillie