ENGLEWOOD CLIFFS, N.J., Aug. 17, 2016 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (NASDAQ:ASFI) announced that its Board of Directors has appointed Mark Levenfus as an independent director to the Board, effective immediately. The Board also appointed him Chairman of the Audit and Corporate Governance Committees.
Gary Stern, Asta chairman, president and CEO said, “We are always looking at ways to enhance corporate governance at the Company. For some time, the Board has been evaluating potential director candidates. We are pleased to announce Mark’s appointment to the Board today."
Mr. Stern added, “We believe that Mark’s deep financial services and finance background make him a great fit to help oversee the management team and the responsible growth approach to creating value for shareholders.”
Mark Levenfus is Managing Partner Emeritus of Marks Paneth LLP and is Chairman of Morison KSi Limited, a global association of independent accounting firms. Until December 31, 2015, he was Managing Partner of Marks Paneth, a nationally recognized accounting and advisory firm. During his tenure, he oversaw the firm's operations, managed business development efforts and consulted on key accounts. He also played a major role in developing strategy, setting policy and overseeing acquisitions. Mr. Levenfus has extensive experience in the financial, media & entertainment, and professional services industries.
Mr. Levenfus currently serves as a member of the board of directors of several nonprofit organizations including: K.I.D.S./Fashion Delivers, Pardes Institute of Jewish Studies, New York Road Runners Club and Friends of Israel Sci-Tech Schools. Additionally, he served on the Board of Trustees of the Westchester Day School.
Mr. Levenfus added, “I am honored that I have been asked to join the Board and I believe that with my experience in the financial services industry and in the areas of audit and corporate governance, I can bring a valuable prospective to the Board and the management team and add value for the shareholders of the Company.”
About Asta
Asta Funding, Inc. (NASDAQ:ASFI), headquartered in Englewood Cliffs, New Jersey, is a diversified financial services company that assists consumers and serves investors through the strategic management of four complementary business segments: Personal Injury Claims, Structured Settlements, International Consumer Debt and Disability Advocacy.
Founded in 1994 as a sub-prime auto lender, Asta now manages business units that include funding of personal injury claims through an 80 percent owned subsidiary, Pegasus Funding LLC; structured settlements through its wholly owned subsidiary, CBC Settlement Funding LLC; acquiring and managing international distressed consumer receivables through its wholly owned subsidiary, Palisades Acquisitions LLC; and benefits advocacy through its wholly owned subsidiary, GAR Disability Advocates, LLC. For additional information, please visit our website at http://www.astafunding.com.
