NORFOLK, Va., July 1, 2020 /PRNewswire/ -- PRA Group,
Inc. (Nasdaq: PRAA), a global leader in acquiring and
collecting nonperforming loans, announced today that Brett
Paschke was appointed to the Company's Board of Directors
effective July 1, 2020. Paschke, who is independent,
will serve on the Audit Committee and Compliance
Committee.
Paschke is a partner and managing director at William Blair
& Company, a leading global investment banking firm focused on
serving high quality growth companies. He has led the
Equity Capital Markets Group at William Blair since 2009.
Paschke is a recognized expert in capital markets having
served as an expert witness during the U.S. House Financial
Services Subcommittee on Capital Markets hearing regarding the
importance of encouraging the vitality of the U.S. public markets.
He currently leads the firm's Public Company Investment
Banking effort focused on serving William Blair's public company
management teams and boards through the value creation process by
delivering the full spectrum of services, experts and resources of
the firm. He is also Chairman of the firm's Equity and
Debt Commitment Committees, which determine which deals the firm
underwrites. Paschke joined William Blair in 1997 and prior
to his current roles he was Group Head for Business and Financial
Services Investment Banking.
"I am pleased to welcome Brett to PRA Group's Board of
Directors. Brett brings with him a wealth of experience in
our industry having been involved in numerous capital markets
transactions as well as mergers and acquisitions in the
nonperforming loan space. His knowledge base and
experience advising private and public company boards of directors
on matters of strategy will also be very beneficial," said
Steve Fredrickson, chairman of the
Board of Directors.
Paschke earned a Bachelor of Arts in Politics from Princeton University and a Master of Business
Administration from Harvard Business
School.
About PRA Group, Inc.
As a global leader in acquiring
and collecting nonperforming loans, PRA Group, Inc. returns capital
to banks and other creditors to help expand financial services for
consumers in the Americas and Europe. With thousands of employees worldwide,
PRA Group, Inc. companies collaborate with customers to help them
resolve their debt. For more information, please visit
www.pragroup.com.
Investor Contact:
Darby Schoenfeld, CPA
Vice President, Investor Relations
(757) 431-7913
Darby.Schoenfeld@PRAGroup.com
News Media Contact:
Elizabeth Kersey
Vice President, Communications and Public Policy
(757) 431-3398
Elizabeth.Kersey@PRAGroup.com
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SOURCE PRA Group, Inc.