WEST PALM BEACH, Fla., Oct. 12, 2005 (PRIMEZONE) -- Ocwen Financial Corporation (NYSE:OCN) has hired William Higginbotham as Vice President of Ocwen Recovery Group, the Company's unsecured collections division.
"Ocwen Recovery Group uses leading-edge technology, a highly trained onshore and offshore staff and proven processes to deliver collection services that can maximize recoveries and increase returns for its clients. With more than 25 years of experience in the collections and financial services businesses, Bill's background fits nicely with Ocwen Recovery Group's immediate needs and strategic plans for growth. We're very excited to have him on board," said William Shepro, Ocwen Senior Vice President.
Mr. Higginbotham was most recently President and Chief Operating Officer for AllianceOne Inc., where he was instrumental in growing the company from a group of five small collection agencies to the sixth largest provider of accounts receivable services with more than $140 million in annual revenues and 2,000 employees. During that time, he also expanded the company's global operations, leveraging demand in the marketplace for onshore and offshore outsourcing service options.
Previously, he served in a series of key positions with NCO Group Inc., directing call center and recovery management profit centers. He also held senior credit services positions with BancOhio National Bank and Charming Shoppes, Inc. and senior operations positions with First North American National Bank, a wholly owned subsidiary of Circuit City Stores, and CitiCorp Retail Services. He received his Master of Business Administration from the University of Memphis.
Ocwen Financial Corporation (Ocwen) is a diversified financial services holding company with headquarters in West Palm Beach, Florida, offices in Orlando, Florida and Chicago, Illinois and global operations in Canada, Germany, India, Japan and Taiwan. Ocwen is principally engaged in servicing and origination processing services for the loan industry. Ocwen is a global leader in customer service excellence as a result of our company-wide commitment to quality, integrity and accountability. Additional information is available at www.ocwen.com.