JGWPT Names Lior Yahalomi, Ph.D. as Chief Financial Officer

RADNOR, Pa., March 1, 2012 /PRNewswire/ -- JGWPT Holdings, LLC has named Lior E. Yahalomi, Ph.D., as Chief Financial Officer and Executive Vice President. JGWPT is comprised of J.G. Wentworth, Radnor, and Peachtree Financial Solutions, Boynton Beach, FL. The specialty finance companies are nationally recognized as leading buyers of illiquid financial assets. (www.jgwpt.com)

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"Lior brings a wealth of knowledge and depth of experience to our company," said David Miller, JGWPT Chief Executive Officer. "He has demonstrated strong leadership in his previous posts and brings a keen knowledge of global finance, management, emerging markets, mergers and acquisitions, investor relations, and operations. His appointment coincides with our rapid growth in products, services, and expanded client base."

Prior to joining JGWPT, Dr. Yahalomi served as Chief Financial Officer and Executive Vice President of Vishay Intertechnology Inc. in Malvern, PA, a global electronics manufacturer with $2.7 billion in revenue and more than 24,000 employees operating in 26 countries.  He led the company's global finance, treasury, legal, investor relations and mergers and acquisitions activities.  Previously, he served as Vishay's Senior Vice President in charge of corporate mergers and acquisitions.

In addition, he has held leadership roles and management positions of increasing responsibility in finance, executive management and business development with companies such as GE Capital, CMGI@Ventures and Monitor Company. 

A native of Israel, Dr. Yahalomi served as a Commander of a Paratrooper Division in the Israeli Defense Forces, earned a bachelor's degree in engineering from Technion, Israeli Institute of Technology in Haifa, and a doctorate degree in management from The Wharton School of the University of Pennsylvania. 

About the JGWPT Companies: JGWPT Holdings, LLC, based in Radnor, PA, and Boynton Beach, FL, through its specialty finance subsidiaries, is a leading buyer of deferred payments from illiquid financial assets such as structured settlements and fixed annuities. Since 1992, JGWPT's subsidiary companies and their predecessors have purchased more than $7 billion of future payment obligations from consumers. 

SOURCE JGWPT Holdings, LLC