SAN DIEGO, CA (TIP): Encore Capital Group announced that Ashish Masih will become Encore’s President and CEO as current President and CEO Ken Vecchione will be leaving the company to become the President of Western Alliance Bancorporation. Mr. Vecchione will remain in his role at Encore until the 2017 annual stockholders meeting on June 15, 2017, to ensure a smooth transition of his duties to Mr. Masih. At the upcoming 2017 stockholders meeting, Mr.

Vecchione will not stand for re-election to the Board of Encore, and Mr. Masih will be appointed as a director following the meeting. “I look forward to leading Encore and its more than 6,700 employees around the world,” said Mr.Masih. “I’m well prepared and highly confident in our consumer-centric approach, our demonstrated success in driving improved liquidations, and our strong capital stewardship.We have a bright future.”

“The Board is pleased to have Ashish serve as Encore’s next President and Chief Executive Officer. We have worked with Ashish for many years, and his diverse background and demonstrated competence in operations, corporate strategy, regulatory affairs and technology continue to impress us,” said Chairman of the Board Willem Mesdag. “We are equally excited by the expansion of Paul’s role and his continued oversight of our international strategies and holdings. The company is wellserved by his intellect and experience in the industry.”

Mr. Masih joined Encore in 2009, and is responsible for internal call centers, decision science and analytics, legal collections, marketing, and all other domestic operations. Mr. Masih also oversees Encore’s Asset Reconstruction Company, which is now operational and is purchasing debt portfolios in India. Prior to joining Encore, Mr. Masih was at Capital One Financial Corporation where he held various collections-related roles, as well as serving as the CFO/Head of Analytics for a business unit. Previously, he was an Associate Principal at McKinsey & Company and a Manager at KPMG Consulting.Mr.

Masih earned an MBA from The Wharton School of the University of Pennsylvania, a Master of Science in Manufacturing Systems Engineering from Lehigh University and a bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology in New Delhi, India.