Executive Change: Stephan Ohlmeyer to Intrum Justitia as Director of Purchased Debt

European ARM firm Intrum Justitia announced today that Stephan Ohlmeyer will be appointed its new Director of Purchased Debt.

Stephan has over 10 years of experience investing in European loan portfolios at Goldman Sachs, Värde and most recently at alternative investment manager Och-Ziff. Stephan Ohlmeyer is a German native. He has a PhD in Mathematical Physics and is a Chartered Financial Analyst (CFA).

Stephan Ohlmeyer will assume his position at the end of June 2013. Kari Kyllönen, the current Director of Purchased Debt, will then resume his former role as Vice President for the Intrum Justitia Group.

“I am very pleased that we have been able to recruit Stephan Ohlmeyer. Stephan has a very strong track record in our industry and an extensive international network. We have had a very successful development for our Purchased Debt operations since inception and Stephan is the right person to lead the continued growth in the years to come. I am also pleased that Kari Kyllönen, the founder and architect behind our Purchased Debt business, remains with the group as Vice President, ensuring good continuity as Stephan takes on his new role”, says Lars Wollung, President and CEO of Intrum Justitia.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,500 employees in 20 markets. Consolidated revenues amounted to about SEK 4.1 billion ($636 million) in 2012. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com