Executive Change: Barry Lockwood to Hilco as EVP of Sales

John Priest, President and CEO of Northbrook, Ill.-based Hilco Receivables, today announced the appointment of Barry Lockwood as its new executive vice president of sales. Mr. Lockwood will be responsible for leading the company’s acquisition of debt portfolios.

Mr. Lockwood has been in sales and marketing for more than 20 years, with extensive experience in debt portfolio management.  He most recently served as Executive Vice President of Fourscore Resource Capital, where he was responsible for all aspects of portfolio acquisition. In the role, Mr. Lockwood directly participated in the acquisition of more than $8 billion of charged-off consumer receivables.

Prior to joining Fourscore, Mr. Lockwood held senior management positions for debt sales and acquisition at ContiAsset Receivables Management LLC; Alderney Capital Management, LLC; and West Capital Financial Services Corporation.

From 1999 through 2006, Mr. Lockwood served on the Board of Directors for the Debt Buyers’ Association, the industry’s largest trade organization.

“We are excited at the prospect of growing our very active A/R portfolio acquisitions and for having someone with Barry’s extensive experience leading the charge in sourcing these deals,” said Mr. Priest.

“Since its founding in 2000, Hilco Receivables has acquired or contracted to purchase $5 billion at face value of performing and non-performing accounts receivable.  We will continue to look at all types of asset classes for portfolio purchase, including credit cards, auto loans, healthcare, student loans, utilities, wholesale, distribution and manufacturing,” stated Mr. Lockwood.

Kaulkin Ginsberg initiated this introduction in partnership with leading ARM executive search firm Executive Alliance, a privately owned, national recruitment firm focusing on the credit, collections, call center and financial services industries. Kaulkin Ginsberg is the leading strategic advisor for the accounts receivable management (ARM) industry.