Executive Change: CMAX Names Liliana Shields VP of Finance

CMAX Finance LLC is pleased to announce the appointment of Liliana Shields as Vice President of Finance.  In this pivotal role, Liliana will be a senior representative working with debt buyers, on an industry wide basis, to assess and fulfill their financing needs in the marketplace.

Shields brings over 17 years of experience in the debt industry, with 15 of those as a collection agency owner with client relations from among the largest debt buyers in the industry as well as most major issuers.  Liliana has also served as Director of Business Development for CMAX NDSE where she has attracted hundreds of millions of dollars of debt portfolios listed on the NDSE flagship trading platform.

“Liliana is a key member of CMAX’s overall management team, and she works tirelessly to understand and meet clients’ financing needs.  Her extensive network of contacts, industry knowledge, and execution continue to impress us on a regular basis,” said Barrett Pappas, Chief Operating Officer of CMAX.

“As a former collection agency owner and manager, Liliana is uniquely positioned to thoroughly understand the challenges facing debt buyers.  Her extensive comprehension of the mechanics of debt collection and vast array of product knowledge ensure that each client will be handled with the utmost level of efficiency and professionalism,” said Michael Bernstein, Chief Lending Officer and President of CMAX Finance.

Shields stated, “I am pleased that CMAX has recognized the advantages my multi-faceted experience can bring to the company.  Armed with the financing tools that CMAX can provide, I look forward to working closely with debt buyers in developing creative solutions to grow their businesses.”

CMAX, comprised of two divisions, CMAX Finance and CMAX NDSE, is a leader in the debt industry.  CMAX Finance is a leading lender in the debt industry, providing capital to debt buying companies seeking to acquire defaulted portfolios.  In May, 2010 CMAX Finance closed on a substantial credit facility that allows CMAX to originate over $150mm of loans over the next 15-18 months.  CMAX NDSE specializes in working with industry leading issuers and debt sellers to offer purchase and sale options customized to meet their needs in today’s market. Their innovative online debt sales exchange, www.cmaxndse.com, offers debt buyers and sellers the opportunity to transact on a national, regional or state basis, offering a cost effective way to sell debt to target markets.