Spring Oaks Capital Hires Michael Cheng as Group Controller

CHESAPEAKE, Va. -- Spring Oaks Capital, LLC has hired Michael Cheng as Controller for the various legal entities that make up the Spring Oaks Capital group. In this role, Cheng will be responsible for all accounting functions across the operating company and its affiliates. Cheng, a CPA with both public accounting and industry experience, also holds a Bachelor of Business Administration from James Madison University and a Master of Science in Accountancy from Old Dominion University.

“It is very rare you find such an energetic and supporting company. From the first day I walked in I could tell Spring Oaks has a special culture. I am beyond excited to bring my skillset to the table while also growing and learning alongside my new teammates.” stated Cheng. Tim Stapleford, Spring Oaks Capital’s President and CEO stated, “Michael is exactly the type of individual we are looking to add to our team. He is an expert in his field, shows great interpersonal skills, and has the energy level we need to help us drive our vision forward.” Cheng will report directly to the incoming CFO that will be announced in the coming weeks.

Spring Oaks Capital continues to expand across the organization adding staff and executives in key positions to support its growth and strategic objectives. Marcelo Aita, Spring Oaks Capital’s Executive Chairman added, “We are thrilled to have Michael on our team. In the short time he has been with us he has already proven to be a great fit.” Mr. Aita went on to say, “We have hired some great people so far and will be announcing three key additions to our executive team in the coming weeks.”

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About Spring Oaks Capital, LLC

Since 2019, Spring Oaks Capital has been buying portfolios from several sellers and creditors that want better pricing for their accounts without compromising on compliance or their brand. Building an innovative, refreshing and equitable vision that provides positive optionality around consumer debt obligations has been key to their success. Spring Oaks Capital leverages a differentiated culture and leading-edge technology to offer more competitive pricing. Spring Oaks Capital is an innovative and technology-focused consumer debt purchasing company spearheaded by a group of well-known and respected industry executives, who hold decades of experience at some of the largest banks, debt buyers, and collection firms in the United States.