Prestige Financial Services Promotes EVP to Chief Operating Officer
SALT LAKE CITY — Larry H. Miller Management Corp. President
Clark Whitworth and Prestige Financial Services president Bryant Henrie jointly
promoted an executive within the operation to be the new chief operating
officer of Prestige.
Taking on the position is Richard Hyde, who most recently
served as the company's executive vice president, a position he has held since
2009.
"Rich's thorough understanding of this business, expertise
in consumer credit, and demonstrated leadership of our employees allow us to
make this move with great confidence," Whitworth said.
Henrie added, "He's had a tremendous impact on Prestige's
success through the years, and we look forward to the continued success he'll
facilitate for years to come."
Hyde's 22 years of professional experience have been devoted
to loan servicing in the below-prime market.
Hyde joined Prestige in 2002 as senior vice president of
collections, and eventually led a staff of nearly 200 customer service
representatives, collectors and recovery agents. These responsibilities were
further expanded to include oversight of Prestige's loan production personnel.
Prior to joining Prestige, Hyde was a division vice
president of collections for CitiFinancial Mortgage. He also served as division
training manager for Discover Card, vice president of collections at the
regional center of Associates Capital Bank, and director of collections for
Conseco (now CNO Financial Group).
Based in Salt Lake City, Prestige was founded in 1994 as an
affiliate of the Larry H. Miller Group of Companies, which includes the NBA's Utah
Jazz and the country's 10th-largest dealership group.
Today, Prestige manages a loan portfolio of $700 million and
provides consumer finance solutions for nearly 2,000 dealerships in 45 states.
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