Spring Oaks Capital Hires Kevin Phelan as Group Chief Financial Officer

CHESAPEAKE, Va. -- Spring Oaks Capital, LLC has hired Kevin Phelan as Chief Financial Officer for the various legal entities that make up the Spring Oaks Capital group. Kevin will be based in Charlotte, North Carolina and report directly to President & CEO Tim Stapleford.

Kevin joins Spring Oaks with broad experience in investment banking and capital markets, most recently serving in a senior investment banking position at Chartwell Financial Advisory, a leading provider of investment banking services and financial advisory solutions to the middle market. In his role at Chartwell, Kevin maintained responsibility for key capital markets and mergers & acquisitions mandates.

At Spring Oaks Capital, the CFO role goes well beyond traditional corporate finance functions. In addition to leading all finance and accounting operations, Kevin’s deep knowledge of capital markets, Fintech, and the consumer finance industry will allow him to contribute to driving strategic growth across the enterprise.

Kevin stated, “During my tenure in investment banking, I had the opportunity to work closely with talented executive teams and entrepreneurs across a wide range of industries. For the past year, I have worked diligently with the team at Spring Oaks in executing a transformational strategic capital investment, as well as the establishment of a $150 million credit facility with Ares. My experience with the team gives me confidence in the Company’s ability to establish itself as a leader in the burgeoning financial technology sector, and I am excited to be part of the journey.”

Spring Oaks Capital’s Executive Chairman, Marcelo Aita, added, “I’ve worked with Kevin for a number of years. Together we have raised more than $300 million of capital in this sector. I already know, first-hand, that he is an incredible addition to our team. We are fortunate to attract individuals like Kevin who can contribute from day one and have unlimited potential ahead.  Kevin’s deep financial expertise and industry-specific knowledge makes him one of the most valuable assets in our growing arsenal of talent.”   [article_ad]

Kevin is one of three key executives to join the Spring Oaks Capital team this month. Keith Walch was recently announced as Chief Acquisitions Officer and the company will be announcing its new Chief Technology Officer in the coming days, who is joining from a senior technology position at one of the world’s largest banks. These key positions are part of a strategic growth plan that was put in motion and backed by a significant equity investment in the company last year. The company continues to make numerous investments, including both direct spot purchases and forward flow portfolio acquisitions from leading lenders.

About Spring Oaks Capital, LLC

Spring Oaks Capital is a national financial technology company, focused on the acquisition of credit portfolios. The Company subscribes to an employee and consumer-centric operating philosophy that creates high-value jobs, a significant performance lift, and the highest standards of compliance. Spring Oaks’ business strategy is rooted in innovative data-driven technology to maximize collection results and a contact platform that offers multi-channel options to meet each consumer’s communication preference. Spring Oaks has the management vision and experience to nurture a culture and DNA that is unique in the space. To learn more about Spring Oaks, please visit www.springoakscapital.com.