LONDON, Oct. 29, 2013 (GLOBE NEWSWIRE) -- Leading asset finance and leasing executive Louise Ikonomides has been appointed managing director of Virtual Lease Services (VLS) Ltd., a jointly-owned subsidiary of NetSol Technologies, Inc. (Nasdaq:NTWK) and Investec Asset Finance Plc.
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In her new role, Ikonomides will oversee VLS' expansion efforts, focusing on business process outsourcing, which includes the management of process driven installment credit portfolios; standby servicing to the securitization markets; and management of rental programs for equipment manufacturers and associated resellers. She also will lead the growth strategy into new verticals, including unsecured asset-backed securities and consumer debt."Louise is an accomplished senior executive and an original founder of VLS who played a key role in the division's foundation and growth," said Naeem Ghauri, president and head of global sales for NetSol as well as chairman of VLS. "Her knowledge of the asset-backed industry and our customer base will be highly valued as we work to obtain large scale business process outsourcing contracts and build upon our strong brand in the marketplace."