SquareTwo Financial Names Mark Erickson Senior Commercial Business Leader

DENVER, Jan. 5, 2011 /PRNewswire/ -- SquareTwo Financial, a leader in the $40 billion asset recovery and management industry, today announces Mark D. Erickson as senior commercial business leader. In this role, Erickson joins the leadership team of SquareTwo Financial and, as a senior vice president, will be responsible for leading the commercial line of business for the company.

"I have had the opportunity to work with Mark in the past and am excited to have a professional of his caliber and experience lead what we anticipate to be the significant growth of our commercial business," said Paul A. Larkins, president and CEO of SquareTwo Financial. "Mark brings with him a well rounded skill set covering operations, marketing and management, and I look forward to working with him in this new role."

With the addition of Erickson, SquareTwo Financial is refocusing its commercial business on the purchase and liquidation of loan and lease products acquired from banking and commercial finance companies.

Prior to joining SquareTwo Financial, Erickson held positions of increasing responsibility at Key Equipment Finance during his 15-year tenure with the company. Most recently, he served as senior vice president and general manager of Key Equipment Finance's government and healthcare finance businesses. Through a distinguished career with Key he also held roles including vice president of sales for information technology, managing director of KEF Australia- New Zealand, vice president of U.S. and Canadian portfolio client service, and manager of credit and debt syndication for Leasetec Corporation (which was acquired by Key). Erickson began his career in business banking at US Bank.

"I'm excited to have the opportunity to once again work with Paul Larkins and the strong team of leaders he has assembled. I am also excited to be joining a company at the forefront of the debt purchasing industry," said Erickson. "I look forward to heading up the company's commercial line of business and to working with banking and commercial finance organizations across the U.S. to liquidate their distressed loan and lease products and help them turn those assets back to black."

Erickson earned his bachelor's of arts degree from the University of Denver and his MBA in finance from Washington University in St. Louis, Missouri.

About SquareTwo Financial:

SquareTwo Financial is a leader in the $40 billion asset recovery and management industry. Through its award-winning technology and unique Partners Network, SquareTwo Financial creates a more effective way for companies and consumers to resolve their debt commitments. Fortune 500 companies in the health care, automotive, banking and credit card industries trust SquareTwo Financial to manage their debt portfolios. The company's national network of legal partners is dedicated to treating consumers fairly and ethically. SquareTwo Financial is based in Denver, Colo. Visit www.squaretwofinancial.com for more information.

SquareTwo Financial Website: www.squaretwofinancial.com

SOURCE SquareTwo Financial