Altisource Shareholders Elect New Independent Director
September 28 2018 - 12:32PM
Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”)
(NASDAQ: ASPS) today announces that Scott E. Burg was elected as an
additional independent director of the Company at its special
general meeting of shareholders held on September 25, 2018.
“On behalf of our Board of Directors, I
welcome Scott to our Board,” said Timo Vättö, Chairman of the
Board. “Scott brings significant financial expertise and a deep
understanding of our business and industry to the Board. We look
forward to his contributions and strategic insights.”
“I am pleased to join the Altisource Board,”
said Mr. Burg. “I look forward to working with fellow Board members
and Altisource’s management team to continue to create value for
shareholders.”
Mr. Burg serves as Chief Investment Officer
and Managing Partner of Deer Park Road Management Company, LP
(“Deer Park”), where he is responsible for the firm’s portfolios
and portfolio risk management. Prior to joining Deer Park in
August 2010, Mr. Burg was a Principal at General Capital
Partners, where he advised middle-market companies in distressed
situations. Mr. Burg also worked at Pursuit Partners, a
$550 million fixed-income hedge fund, where he analyzed
residential mortgage-backed securities, and he founded The Murray
Hill IPS (later Clayton IPS; now MountainView IPS), a world-wide
leader in the valuation of difficult-to-price assets.
Mr. Burg holds a Bachelor of Science from the University
of Colorado and a Master of Business Administration from the
University of Denver’s Daniels College of Business.
About Altisource
Altisource Portfolio Solutions S.A. is an
integrated service provider and marketplace for the real estate and
mortgage industries. Combining operational excellence with a
suite of innovative services and technologies, Altisource helps
solve the demands of the ever-changing markets we serve.
Additional information is available at
www.Altisource.com.
CONTACT: |
|
Michelle D.
Esterman |
Chief Financial
Officer |
T: +352 2469
7950 |
E:
Michelle.Esterman@altisource.com |
|
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