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Photo Release -- Louise Ikonomides Appointed Managing Director Of Virtual Lease Services

Stocks in this article: NTWK

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.

Virtual Lease Services Ltd. logo
Louise Ikonomides
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

A photo accompanying this release is available at

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."

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