Regional Management Corp. announces appointment of Manish Parmar as new Chief Credit Risk Officer

GREENVILLE, SC  -Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced that it has appointed Manish Parmar as its new Chief Credit Risk Officer. His predecessor, Daniel J. Taggart, will remain with the Company to ensure a smooth and orderly transition before departing from the Company in the first quarter of 2020.

Mr. Parmar joins Regional Management with nearly 20 years of credit and financial experience across a broad range of functions, including credit risk, analytics, financial partnerships, database marketing, and modeling. Prior to joining Regional Management, he was Chief Credit and Analytics Officer at Conn’s, Inc. In addition to his tenure at Conn’s, he held several senior management roles at Discover Financial Services, ultimately becoming its Head of Consumer Credit Risk Management. Mr. Parmar received a Bachelor of Chemical Engineering from the University of Mumbai in India, and his MBA from Bauer College of Business at the University of Houston.

“I am pleased to extend a warm welcome to Manish as he joins our team and assumes the role of Chief Credit Risk Officer,” said Peter R. Knitzer, President and Chief Executive Officer of Regional Management. “With extensive experience in successfully managing credit risk across a multitude of consumer lending products, we believe Manish will quickly become a valuable contributor to our ongoing success through further strengthening of our custom scorecards and robust credit risk infrastructure. In addition, I again want to express our gratitude to Dan for his extensive contributions and wish him all the best in his future endeavors.”

“I am excited and honored for the opportunity to collaborate with such a talented group at Regional Management and to play a key role in optimizing the Company’s credit function for further success,” added Mr. Parmar. “I look forward to helping generate continued profitable and sustainable growth, while delivering consistent shareholder value.”

– BUSINESS WIRE

 

About Regional Management Corp.

Regional Management Corp. (NYSE: RM) is a diversified consumer finance company that provides attractive, easy-to-understand installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Regional Management operates under the name “Regional Finance” in 358 branch locations across 11 states in the Southeastern, Southwestern, Mid-Atlantic, and Midwestern United States. Most of its loan products are secured, and each is structured on a fixed rate, fixed term basis with fully amortizing equal monthly installment payments, repayable at any time without penalty. Regional Management sources loans through its multiple channel platform, which includes branches, centrally-managed direct mail campaigns, digital partners, retailers, and its consumer website. For more information, please visit www.RegionalManagement.com.