SquareTwo Financial Names Paul A. Larkins CEO

DENVER, Feb. 2 /PRNewswire/ -- SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces Paul A. Larkins as its chief executive officer.

In this expanded role, Larkins will oversee all aspects of SquareTwo Financial's business of making distressed assets whole through industry-leading analytic modeling, award-winning technology and a pioneering Partners Network that works directly with individuals to remedy their outstanding debt.

A 25-year veteran of the financial services industry, Larkins will guide SquareTwo Financial's consumer, commercial, healthcare and Canadian business lines as they acquire distressed portfolios from financial institutions and return those assets back to productive use.

"Since joining our team 10 months ago as president, Paul has propelled our organization into the most exciting phase of its 16-year history," said Scott Lowery, SquareTwo Financial's founder and chairman. "In this additional role of CEO, Paul will utilize his dynamic leadership style, deep industry knowledge and innovative ideas for even greater impact within both our organization and the financial services industry as a whole." Larkins will continue as the company's president.

Prior to SquareTwo Financial, Larkins served as president and CEO of Key National Finance, and executive vice president of KeyCorp. Key National Finance was comprised of Key Equipment Finance, Key Auto Finance, Key Education Resources, Key Recreation Lending, Key Home Improvement and Key Payroll Online. Larkins joined Key in 1993, and was a member of the Executive Council of KeyCorp (parent company). Before joining Key, Larkins worked for USL Capital and IBM in regional and national capacities.

"Now, more than ever, managing charged-off assets is extremely important to our clients, which are primarily banks and financial services companies," Larkins said. "I am excited to have the opportunity to lead our team as we help our clients find ways to give assets a second chance utilizing our unmatched analytics, operations and innovative technology applications to drive asset recovery. I am confident we will continue to set ourselves apart from the competition with our unique Partners Network and its proven, scalable business model."

Larkins received his Bachelor of Science degree in Economics and Business Administration from St. Mary's College of California. Additionally, he is a graduate of the Institute of Leasing Management at Columbia University and the Stonier Graduate School of Banking at the University of Delaware. Larkins serves as a member of the board of the Leeds School of Business at the University of Colorado at Boulder.

About SquareTwo Financial:

SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company's national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.

SquareTwo Financial Website: www.squaretwofinancial.com

SOURCE SquareTwo Financial