Heritage Global’s National Loan Exchange Division Appoints Ashley Arens-Yager as Assistant Vice President – Sale Operations

SAN DIEGO, Calif. -- National Loan Exchange, Inc. (“NLEX”), a division of Heritage Global Inc. (Nasdaq: HGBL) and a leading loan sale advisor of charged off and nonperforming asset portfolios, announced today that Ashley Arens-Yager has joined its team as Assistant Vice President – Sale Operations, where she will interface with the buyer network and support the internal growth initiatives.

For more than 16 years, Ms. Arens-Yager has been in the debt buying industry, where she has engaged in both debt acquisitions of tens of billions and bankruptcy servicing inventory. Most recently she was the New Business Development Officer at Jefferson Capital Systems which is one of the nation’s leading purchasers of secured and unsecured consumer bankruptcies and charged-off receivables. At Jefferson Capital Systems, Ms. Arens-Yager curated and maintained business relationships with clients generating approximately $200 million in portfolio acquisitions annually.

“We couldn’t be more thrilled that Ashley is joining NLEX," said Chris Jenkins, Senior Vice President – Sale Operations for National Loan Exchange. “She is a seasoned executive equipped with tremendous knowledge and experience in the receivables space which will be a tremendous asset to our team. As NLEX continues to grow, Ashley will be an integral part of our best-in-class service."