Executive Change: John C. Reid Promoted at Hudson & Keyse

Hudson & Keyse, LLC, a leading purchaser of charged-off consumer bank debt, today announced the appointment of John C. Reid as Chief Investment and Sales Officer. Joseph M. Carroll, President and CEO of Hudson & Keyse, commented, "this appointment expands the depth and breadth of experience to the emerging company and sets the stage for the next phase of corporate growth and expansion."

"John is a veteran of our industry and a seasoned executive … he brings a wide range of business development and sales management talent to Hudson & Keyse," said Mr. Carroll. "He understands both sides of the table and will play a key part in developing our portfolio purchases and sales through his valuable industry relationships."

During his tenure at Hudson & Keyse, Mr. Reid helped grow the company from about thirty five to nearly one hundred forty employees and took revenue from $4.3 million in 2004 to over $22 million in 2006. "Our continued development and roll-out plans are critical to the company’s success," said Mr. Reid. "As we look to the future, the appointment will be instrumental in helping guide and manage the company’s continued success."

Mr. Reid joined Hudson & Keyse, LLC as Vice President of Sales & Marketing and was promoted to Chief of Staff shortly thereafter. The search to fill Mr. Reid’s most recent position and role as Chief Operating Officer will begin immediately.