Executive Change: David Sheridan to Aktiv Kapital as Country Manager for UK

Aktiv Kapital is pleased to announce that David Sheridan is appointed and has accepted the role as Country Manager for Aktiv Kapital UK. Aktiv Kapital UK is based in Bromley outside London and in Chester.
 
David Sheridan is an experienced Credit Management professional who has worked within the UK and European market for the past 14 years.
 
David most recently held the position as UK Head of Collections, UK Consumer Business in Citigroup. From 2003 to 2006, he held the position as Head of Late Stage Arrears Strategy, Card and Retail Banking in Lloyds TSB Bank.  Before joining Lloyds, David worked for Abcaz as Head of Credit & Consumer Operations and in various managerial positions connected to Debt Collection in Equifax.
 
Erik Oyno, Group CEO & President of Aktiv Kapital, states, "I am confident that David Sheridan with his long banking and collection management experience coupled with his energy and enthusiasm will contribute substantially to the continued success for Aktiv Kapital UK. David’s understanding of processes within the bank’s collection environment and the bank’s requirements from later stage recovery management is also expected to position Aktiv Kapital as a significant debt purchaser in coming years."
 
David Sheridan joins Aktiv Kapital UK no later than March 1st.
 
About Aktiv Kapital
Headquartered in Oslo, Norway. Aktiv Kapital has operations in 11 countries, and is today Europe’s and Canada’s largest purchaser of non-performing consumer credits. Aktiv Kapital had in 2007 an operating revenue NOK 1 575 million ($230 million). Within the Portfolio segment Aktiv Kapital had approx 550 000 paying customers in 2007. Aktiv Kapital is listed on the Oslo Stock Exchange (AIK). For more information about Aktiv Kapital, please visit www.aktivkapital.com