(USA and Canada) Regional Management Corp. (NYSE: RM), a diversified consumer finance company appointed Chris Peterson as their new Chief Data and Analytics Officer.
Mr. Peterson has substantial experience in technology, analytics, data systems, and risk management, with over 20 years of digitally driven data and analytics experience. Mr. Peterson spent the previous 15 years at Capital One, most recently as the Head of Data Science and Data Strategy for Capital One's Card business, where he led the modeling teams that developed core underwriting, marketing, valuation, and fraud models using machine learning, large-scale data processing, and cloud architecture. In addition, he implemented a number of new alternative data sources and improved the architecture and usability of current data sources to significantly improve information quality.
“Chris’s distinguished career and vast expertise in data sciences make him the ideal fit to head our data and analytics team in support of our growth strategies, including our digital initiatives,” said Rob Beck, President and Chief Executive Officer of Regional Management Corp. “We have generated considerable growth in 2021 in digitally-sourced originations, and with the addition of Chris, we are further strengthening our investment in our omni-channel model. Chris will also be a driving force in further optimizing our underwriting and risk management capabilities, including through the introduction of alternative data sources, which will help to ensure that we continue to generate sustainable long-term growth and value for our shareholders.”
“I am excited to join Regional and to be working with such a talented and collaborative team,” said Mr. Peterson. “Regional has made significant strides with its digital initiatives, and as we further evolve our omni-channel strategy, I believe there is a wealth of opportunity to optimize our data and analytical capabilities, allowing us to capture additional market share and to grow our top and bottom lines.”