Phillips & Cohen Associates and Invenio Financial Signal Major Debt Buying Intent with Senior Appointment

WILMINGTON, Del. -- Invenio Financial (Invenio), the debt purchasing subsidiary of Phillips & Cohen Associates, Ltd. (PCA), is delighted to announce the appointment of Kim Londergan-Colburn, as SVP, Portfolio Strategy & Management, to lead the management and oversight of the group’s growing purchase portfolio.  

Invenio, which has acquired portfolios with a face value over $4Bn, and PCA form one of the globe’s leading specialist debt buying and servicing groups, and offers unique, niche solutions to creditors across a variety of industries, domestic and international markets. 

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Londergan-Colburn, a highly respected industry leader, brings with her over 17 years’ experience in recoveries strategy, process improvement and quality monitoring on behalf of major institutions such as Bank of America and more recently Barclaycard, where she played a lead role in US Recovery Operations.

On joining Invenio, Ms. Londergan-Colburn commented: “I am excited to join Invenio at such a key time to lead the group’s portfolio strategy and management.” 

Matthew Saperstein, COO of Invenio Financial, added, “The combination of Invenio and PCA’s specialist experience and servicing capability means that we are uniquely positioned to offer comprehensive solutions to financial institutions, and we are seeing demand for our innovative solutions increase both domestically and internationally.  We are delighted to bring Kim aboard as our global debt portfolio continues to grow rapidly and are looking forward to her driving value for our clients and increasing process efficiency across our operation as part of her new role.” 

Adam S. Cohen, Group CEO added "We have exciting growth aspirations across the US, Canada, Australia, and an expanding number of EU markets, and are delighted to be able to add a leader of Kim’s quality and experience to our organization. Her wealth of industry knowledge will enhance our ability to create incremental value to creditors while at the same time providing a truly Best in Class experience for consumers." 

About Invenio Financial

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, 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 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.