Outsourcing Solutions Inc. Announces Senior Management Changes to Continue Growth of Portfolio Services Division

Outsourcing Solutions Inc. (OSI), the nation’s leading provider of strategic receivables management services, has named Geoff Rigabar as president of its Portfolio Services division. He takes over from Bryan Faliero who will head OSI’s Consumer Business operations, which includes the company’s bankcard, financial services and telecom/utilities industry-focused service units, as well as the Portfolio Services division. Portfolio Services, which handles the buying and servicing of receivables portfolios acquired from credit grantors, accounted for 16 percent of OSI’s $540 million in revenues in 2000.

“These management changes are designed to build on the successes of the Portfolio Services division and deploy our executive team where their talents can be best used,” said Tim Beffa, OSI’s president and CEO. “Geoff brings a wealth of technical and operational experience that will help take Portfolio Services to the next level. And this change will allow Bryan to devote more time to guiding the overall growth of our Consumer Business operations.”

Rigabar joined OSI as director of business operations in October 1998. He most recently has served as senior vice president responsible for corporate development, spearheading the company’s e-commerce, scoring and segmentation, and data warehouse initiatives. He has a master’s degree in business administration from Washington University in St. Louis and a bachelor’s degree in international relations from Bridgewater College. Rigabar, who currently lives in St. Louis, will relocate to OSI’s Atlanta offices.

Faliero joined OSI in June 1997 as vice president of business analysis and was named president of OSI Portfolio Services two years later. He was promoted to executive vice president and head of the company’s Consumer Business Operations in January 2001. Faliero earned a master’s degree in economics and operations management from the Kellogg Graduate School of Management at Northwestern University and a bachelor’s degree in finance from the University of Florida. Faliero, who currently lives in Atlanta, will relocate to OSI’s corporate headquarters in St. Louis.

OSI is one of the nation’s leading providers of strategic receivables management services, enhancing the financial performance of America’s leading companies. With industry-specific strategies and services, OSI delivers results that improve the bottom line through accelerated cash flow, lower operating costs, reduced bad debt expense, and improved customer retention. OSI provides outsourcing, collection, and portfolio services to a blue chip roster of Fortune 500 clients. Headquartered in St. Louis, OSI has more than 9,000 employees in nearly 70 locations across 25 states plus Canada, Mexico, and Puerto Rico. More information about OSI can be found by visiting www.osi.to.