Executive Change: Mark Parsells to Global Debt Registry as Executive Chairman

WILMINGTON, Del. — Global Debt Registry (GDR) is pleased to announce the hiring of Mark Parsells as Executive Chairman. Mr. Parsells brings more than 20 years of Credit Card and Banking Industry expertise to GDR, having held executive senior management and compliance positions with American Express, First USA, Bank One, and Citigroup. Most recently, Mr. Parsells was Chairman and CEO of Regulatory DataCorp, a leading risk mitigation and compliance firm supporting the financial services industry. Mr. Parsells is widely recognized as one of the industry’s leading authorities on consumer data privacy and regulatory compliance.

As Executive Chairman, Mr. Parsells’ responsibilities will include overseeing strategic direction, senior executive client relationships, and GDR’s Fall 2010 migration to its next-generation platform based on Oracle’s JD Edwards EnterpriseOne application suite. GDR is the industry’s first PCI-compliant, Oracle-based accounts receivable (AR)-titling, data integrity, and media management platform. “GDR is the only company that ‘titles’ charged-off debt, giving the debt increased value, and creating an immediate, measurable impact on the bottom line,” said Parsells. “Not only does GDR provide a significant ROI benefit to all participants in the sales and collection process, our services make the debt process fully transparent to regulators, judges, and consumers — everyone wins.”

"As one of the foremost compliance experts in the country, Mark’s commitment to GDR is a validation of our account-level titling, data integrity, and turnkey media management technology. He recognizes that GDR delivers the most robust and reliable debt-titling solution in the credit card, banking and debt buying industry," said Greg Ousley, Chief Executive Officer. "More importantly, Mark represents the final step in our corporate reorganization following our December 2009 acquisition by a $5 billion private equity firm. We are the most financially stable company in the industry and we have every confidence in Mark’s ability to establish GDR as the gold standard in the emerging AR-Debt Titling Industry."

“Within the Accounts Receivable Industry, there is clear and immediate demand for a clean account-level chain of title and validated account-level data from Issuers, debt buyers, sellers, legal collection firms, regulators, judges, and consumers," said Mark Parsells. “It’s just common sense — one should not and could not buy or sell a house or car without a valid, clean title. Bringing titling to the debt collection industry is the long-awaited chain-of-ownership solution.”

About Mark Parsells

Mr. Parsells has held leadership positions with highly technical financial services businesses including Chairman and CEO of Regulatory DataCorp, a leader in risk and compliance solutions for the financial services industry; Chairman and CEO, Montpelier Ventures, LLC, a management consulting and private equity firm focused on financial services; President and COO of Citibank Online, where he guided the organization from the 17th rated online bank to the #1 online bank in the US in less than 6 months. Also served as the Company’s Head of Global Online Banking Technology across 72 countries; General Manager of the Revenue Services group at Bank One/First USA and first Chief Privacy Officer appointed by the Bank where he developed a detailed process to protect consumer data when dealing with external vendors; Ten years at American Express’ world Headquarters in New York in various management roles in card acquisition, retention, and product development. Launched Amex’s Government Merchant Acceptance business. Concurrently served as the Chief Compliance Officer of the $100B+ Establishment Services Division and was a member of the American Express Worldwide Compliance Council. Mark is a highly experienced board member having sat on wide variety of Public, Private and non-profit boards.

Mr. Parsells is a graduate of Harvard Business School’s General Management Program; he holds an MBA (General Management & Marketing concentrations) from Cornell University (G. Kurt Davidyan Scholar); an MBA (International Finance and Economics concentrations) from Vlerick Leuven-Gent Management School (formerly the Katholieke Universiteit Leuven); and a BA in Political Science from Emory University.

About Global Debt Registry
Global Debt Registry delivers significant ROI benefits to all participants in the Accounts Receivable Industry by providing the nation’s only proven AR titling solution. GDR’s solution includes a comprehensive Account Integrity Management Program, chain of title and customizable turnkey media management solutions. The primary purpose of the registry is to maintain the integrity of traded data (validated debt), maintain accurate ownership (chain of title), and provide automated access for maintaining media integrity and customizable media fulfillment both in the performing and non-performing ARM industry markets. For more information, contact Greg Ousley, CEO Global Debt Registry at 866-660–2341 or visit the website at www.globaldebtregistry.com.