PR - RMB Names New President; Announces $116 million Portfolio Buy

RMB, Inc., an industry leader in accounts receivables management, announced that the board of directors named John C. Reid as the firm’s president and chief acquisitions officer. This is a new position created to foster growth in RMB’s Debt Purchasing Unit.

Reid most recently held the position of chief investment & sales officer with Hudson & Keyse, LLC, a leading purchaser of charged off receivables. During his tenure at Hudson & Keyse, Reid was involved in all aspects of the business holding several positions of increasing responsibility. These positions include VP of Sales & Marketing, Chief of Staff, Chief Operating Officer and Chief Investment & Sales Officer. Prior to joining Hudson & Keyse, Reid successfully created and founded Rock, Cameron & Strong, a full service customer care, BPO and call center consulting firm (Healthcare/ARM Vertical). Before its eventual acquisition, he led the company through 24 of 26 months revenue growth.

Commenting on the appointment, Michael E Motes, CEO, said, “John is a gifted, eloquent veteran of the accounts receivable management industry and a seasoned executive. His track record has demonstrated a profound understanding of debt purchasing and sales, as well as, the knack to effectively lead hyper-growth organizations and manage crucial relationships.”

“It’s an invigorating era for RMB,” commented John C Reid, President & Chief Acquisitions Officer. "We are at a point in our business plan where developing new purchasing opportunities will become a key component of our ongoing success. In a logical, low-risk manner, we intend to accomplish this task strategically and professionally and in a way that will allow us to sustain a high level of profitability."