Executive Change: MSW Capital Appoints Mark Meisenbacher as Chairman and CEO

BASKING RIDGE, N.J., Feb. 1, 2013 /PRNewswire-iReach/ -- MSW Capital, LLC ("MSW") appoints Mark Meisenbacher as Chairman and CEO effective January 1, 2013.  Mark has served on MSW's board of directors since July 2009, joining full-time as a strategic advisor in March 2011. He brings 20-plus years of industry related experience including debt purchasing and sales, collection operations management, and technology platform development focused on electronic delivery, account management, and analysis software products and services.  As head of the senior management team, which includes Lawrence A. Whipple, Jr., Esq., Founding Member and General Counsel, and Michael Kiely, Chief Operating Officer, he will provide strategic direction to the company as it embarks on a strong growth initiative targeting national and regional debt portfolio acquisitions.

"We are thrilled to have Mark join us in the capacity of Chairman and CEO," states Larry Whipple. "Mark's deep industry connections combined with his technical knowledge of all processes involved at every stage of debt acquisition and collection management brings a level of sophistication to MSW that cannot be matched in the debt collection industry today."

 Mike Kiely adds, "One of the things we are most excited about at MSW is the proprietary system that Mark has developed.  It is a state-of-the-art technology platform with the ability to manage the debt collection process at a level of detail in account compilation and tracking unrivaled in the industry.  We believe this gives us a tremendous business advantage over competitors from the perspective of account management and collections."

Prior to Mark's joining MSW, he was President/COO at You've Got Claims (YGC). He also served as President/COO for IDT Carmel, and as COO at Wolpoff & Abramson. Mark earned a B.A. in Computer Science from Boston College and an M.S. in Management Information Systems from Fairleigh Dickinson University.

ABOUT MSW CAPITAL, LLC

MSW Capital LLC, formed in 2009, is a national purchaser of defaulted consumer loans and credit cards. The firm utilizes a proprietary, cloud-based technology platform to manage the company's debt collection process.  This, together with its seasoned industry management team, makes MSW Capital one of the fast-growing companies in the debt acquisition and collection management business.

Media Contact: Mike Kiely MSW Capital, LLC, 908-287-7070, Mkiely@mswcap.com

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SOURCE MSW Capital, LLC




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