Richard Munroe
President
Capital Financial Group, Inc. (CFG)
Richard Munroe is President of Capital Financial Group, Inc. (CFG), which opened its offices in January of 2003 in Atlanta, Georgia. Capital Financial Group, Inc. is a buyer and seller of consumer debt that also provides scoring analysis, legal modeling, acquisition, and selling services to various issuers and debt buyers in the collections industry. CFG has brokered portfolio sales in excess of three billion dollars of consumer debt, as well as, through it’s strategic alliance with Risk Management Alternatives from January, 2004 to March, 2005 purchased over eight hundred million dollars of consumer debt for the portfolio division.
In the fall of 1989, Mr. Munroe started his career working in the consumer and commercial Receivables Management Divisions for Sprint. In the summer of 1992 Mr. Munroe was one of the first to join Account Portfolios, L.P., one of the debt buying industry’s earliest pioneers, as a collection supervisor, and then in the areas of collection operations and training. He was a major contributor in growing the company to 350 collectors from only 20 within a three-year period.
When Account Portfolios, L.P. was acquired by Outsourcing Solutions, Inc. in 1995, Mr. Munroe served as Vice President of Operations Analysis. He handled the analysis, planning and implementation of processes to support portfolio acquisitions and collection operations. Before starting CFG Mr. Munroe left OSI Portfolio Services, Inc. (a subsidiary of Outsourcing Solutions, Inc.) as the Vice President of Acquisitions and Sales, where he handled the acquisitions process, sourcing, due diligence, and sales process of debt portfolios in various industry types (auto, bank card, retail card, telecommunications, utilities, installment loans).
Mr. Munroe has built over 18 years of experience in the distressed debt industry and has been involved in over 400 portfolio acquisitions of different debt types, totaling in excess of ten billion dollars and directly involved in over 350 portfolio sales of different debt types, totaling in excess of six billion dollars. This experience includes all aspects of debt purchases and sales from analysis, due diligence, and contract negotiation to developing long term relationships with some of the leading issuers and resellers of debt, as well as, state and regional buyers of debt. Mr. Munroe has been a long-term member of DBA International (Debt Buyers Association- http://dbainternational.org/) and is currently serving on the Board of Directors as Secretary and as Chair of the State Legislative Committee. He is married with three sons.