Phillips & Cohen Associates and Invenio Financial signal major European debt buying intent with senior appointment

WILMINGTON, DELAWARE | 16 JULY 2019 | Invenio Financial (Invenio), the debt purchasing subsidiary of Phillips & Cohen Associates, Ltd (PCA), is delighted to announce the appointment of the senior debt purchase executive, Alexander Holzgreve, as Head of Acquisitions Europe, to lead European growth for the group.

Invenio & PCA, the globe’s leading decedent debt specialist, together form the only dedicated buying group for deceased accounts and offer unique, niche solutions to creditors.

PCA, through Invenio, which has acquired over $4Bn globally in receivables during its twenty-year history, is excited to be extending its purchase offering, in exclusive conjunction with PCA’s servicing capabilities, across the UK and multiple European markets including Germany, Italy, Ireland, Spain and Portugal.

Alexander Holzgreve, an innovative industry leader, brings with him over 20 years’ experience across multiple countries and credit products on behalf of major institutions such as Deutsche Bank and more recently Aktiv Kapital and PRA Group, where he was Managing Director and led portfolio acquisitions across Europe as member of the European management team.

On joining Invenio, Mr. Holzgreve commented “I am excited to join Invenio at such a key time to lead the group’s European debt purchase expectations. The combination of Invenio and PCA’s specialist experience and servicing capability means that we are perfectly positioned to offer a true novelty solution to financial institutions and creditors across Europe. We know from client feedback that in times of increased scrutiny over conduct in the field of debt collection and concerns over data protection and reputation, the ability to monetize this specialist asset class through a trustworthy partner like Invenio is key. Our exclusive access to PCA’s unique compassionate customer approach in domestic offices and local languages ensures a significantly better customer outcome and continued brand protection post sale.”

Adam S. Cohen, Group CEO added “We have exciting growth aspirations across both the UK and an expanding number of European markets and are delighted to be able to add a leader of Alex’s quality and experience to our organization.  Our combined solutions create incremental value to creditors while at the same time providing a truly Best in Class experience for consumers.”

About Invenio Financial (Inveniofinancial.com)

Invenio Financial, the debt buying affiliate of Phillips & Cohen Associates (UK), Ltd., has built an award-winning reputation in the accounts receivable management industry through its proven, compassionate recovery processes. As the founding member of the Samaritans Academy, Phillips & Cohen Associates (UK) Ltd. utilizes special recruitment, hiring and training techniques and ongoing key performance indicators to create an environment where staff take the time to truly understand customers’ circumstances.  The group’s unique processes and specialist services have driven rapid and sustained growth across a number of international markets alongside significant industry recognition for the Treating Customer Fairly enhancements delivered through this niche service offering.

About Phillips & Cohen Associates, Ltd.  (phillips-cohen.com)

Phillips & Cohen Associates, Ltd. is a full-service accounts receivable management company providing customized services to creditors in a variety of specialized market segments.  Phillips & Cohen Associates, Ltd is headquartered in Wilmington, DE, with additional offices in Colorado, and Florida, as well as international offices in the UK, Canada, Spain, Germany and Australia.  For more information about Phillips & Cohen Associates visit www.phillips-cohen.com. PCA provides Equal Employment Opportunity for all individuals regardless of race, color, religion, gender, age, national origin, disability, marital status, sexual orientation, veteran status, genetic information and any other basis protected by federal, state or local laws.

This press release courtesy of Invenio Financial and Phillips & Cohen Associates.