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The J.G. Wentworth Company® Strengthens Compliance Department with Addition of 30 Year Veteran Compliance Professional Denise Rinear as Chief Compliance Officer
Radnor, Pa., September 24, 2015 – The J.G. Wentworth Company® (“J.G. Wentworth” or the “Company”)(NYSE: JGW), a diversified consumer financial services company, today announced the appointment of Denise Rinear as Chief Compliance Officer, effective September 1, 2015.
Denise joins the Company after over 30 years in various compliance, risk assessment, governance, and regulatory roles in banks and financial services businesses, including senior roles at Ocwen Financial Corporation, Ally Financial and GMAC Mortgage.
As Chief Compliance Officer, Denise will be responsible for maintaining compliant processes, implementing new regulations to enable the efficient and effective governance of risks for J.G. Wentworth, and managing relationships with relevant regulators and agencies. This new role has emerged as the company has implemented its diversification strategy into the mortgage, lending and prepaid card categories from its historical and leading structured settlement and annuity purchasing business.
“We are delighted to welcome Denise to our team at J.G. Wentworth,” said Stephen A. Kirkwood, Executive Vice President and Chief Legal Officer for The J.G. Wentworth Company®. “Denise’s past work with financial services and banking regulators, execution of the risk oversight process, and partnerships with risk managers will enable her to effectively lead compliance for our company.”
“J.G. Wentworth already has an excellent compliance and risk management foundation, and I look forward to the continued growth and success of the Company being complemented by an industry leading risk and compliance infrastructure,” added Rinear.
Denise holds a Bachelor’s degree in Urban Administration from the University of Cincinnati, and an MBA from Drexel University.
About The J.G. Wentworth Company®
The J.G. Wentworth Company® is a diversified consumer financial services company. The Company is focused on providing direct-to-consumer access to financing needs through a variety of solutions, including: mortgage lending and refinancing, structured settlement payment purchasing, personal and business lending, and prepaid cards. Through the J.G. Wentworth, Peachtree Financial Solutions, and Olive Branch Funding brands, the Company is the leading purchaser of structured settlement payments.
Mortgage loans are offered by J.G. Wentworth Home Lending, Inc. NMLS ID# 2925 (www.nmlsconsumeraccess.org) 3350 Commission Court, Woodbridge, VA 22192; 1-888-349-3773.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of our securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful, prior to registration or qualification under the securities laws of any such state or jurisdiction.
For more information about The J.G. Wentworth Company®, visit www.jgw.com or use the information provided below.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements.” All statements, other than statements of historical fact, are forward-looking statements. You can identify such statements because they contain words such as ‘‘plans,’’ ‘‘expects,’’ or ‘‘does expect,’’ ‘‘budget,’’ ‘‘forecasts,’’ ‘‘anticipates,’’ or ‘‘does not anticipate,’’ ‘‘believes,’’ ‘‘intends,’’ and similar expressions or statements that certain actions, events or results ‘‘may,’’ ‘‘could,’’ ‘‘would,’’ ‘‘might,’’ or ‘‘will,’’ be taken, occur or be achieved. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements.
Consideration should be given to the areas of risk set forth under the heading “Risk Factors” in our filings with the Security and Exchange Commission (the “SEC”), including our registration statement on Form S-1 for our initial public offering, as filed with and declared effective by the SEC on November 8, 2013, and in our other filings made from time to time, in connection with considering any forward-looking statements that may be made by us and our business generally. Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.
Erik Hartwell, VP, Investor Relations
Makovsky for The J.G. Wentworth Company®
Michael Goodwin, 212-508-9639