Global Due Diligence Local Expertise

Who we are

Euro Credit Risk Identity

Euro Credit Risk (ECR) objectives are to excel in due diligence and allied consulting services and to provide our clients with world class products and services not presently available to the quality demanded ECR Directors have more than 170 years of accumulated experience across the world in the field of expert due diligence provision weve been around a bit! ECR is a British company with global reach; currently with operations in UK and Ireland, Spain and Portugal, Italy, Germany, Holland, and the United States ECR offers flexible services. Our methodologies and analytical resources enable us to assist clients in the evaluation, assessment and management of current or targeted portfolios, performing or NPL, and to facilitate appraisal and servicing in anticipated new business across residential mortgage, SME, commercial, auto, secured and unsecured debt
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ECR Mission
To increase our clients asset value through

Granular analysis

Local expertise, market knowledge, technical skill

Clear, considered, loan level and portfolio recommendations

Effective implementation

ECR Principles
Honesty
We tell our clients how things really are; we provide you with facts, and share our knowledge, our expertise, our experience

Quality

The combination of state-of-the-art methods and deep understanding produces clear, useful results aiding clients towards better risk decisions and profitability from their assets

Punctuality

We meet your project deadlines, always

Independence

We strongly believe in clarity in our client relationships. ECR shareholders do not have conflicts of interest and are not connected to asset servicers, are not brokers, or in any way connected to lenders or portfolio owners. We hold no skin in the game whatsoever We conclude our assignments at the agreed price no hidden surprises if its not in the quote, its free

Value

What we do

ECR Solutions
Euro Credit Risk combines deep technical expertise across a wide range of asset classes. Risk reviews of performing and non-performing loan portfolios, RMBS, CMBS, secured and unsecured debt including auto, personal loan, credit cards and credit provision to SMEs Data integrity checks Data analytics Title verifications Property revaluations Loan servicing reviews and oversight Third party service supplier reviews Compliance reviews, monitoring, and quality control Provision of interim and permanent staffing Bespoke consulting
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ECR References
ECR Directors and Team have worked with a range of clients across the world. These include: Investment Banks Hedge Funds Investors Issuers Insurers Regulators Servicers Building Societies Mortgage and Loan providers

Some of our Assignments (1)

Client: Swiss bank Project: Consulting White label partnership with local banks in Italy, research and design suite of innovative residential mortgage loan products for the Italian market resulting in a range of new retail products designed to better manage risk and allow packaging for securitisation

Clients: US investment group Project: Due Diligence

Provision of full granular due diligence of 3000 cases originated by 5 Spanish lenders to include title verification, data integrity, portfolio management, loan collection analysis and case planning.

Clients: Canadian and US banks Project: DD and Servicing Clients: US bank and US car manufacturer Project: Compliance, DD, Data Integrity

Multi jurisdictional bank audit in Central America on behalf of seller to prepare reports on asset quality and performance of residential and SME loans for potential purchaser.

Analysis of tranches of personal auto finance agreements. Re-underwrite, data verification and capture, regulatory compliance, vehicle value check, customer servicing & complaints, insurance & gap add-ons.

Some of our Assignments (2)

Clients: Private Equity fund and Czech bank Project: Commercial DD and Servicing Assessed the quality of the lending of the Bank's commercial property portfolio consisting of hotels, factories and other commercial properties. Ascertained the prudence of the lending and reviewed the procedure and timeliness of collection activities. Assessed and reported on the risks in the portfolio to assist the client's due diligence process before purchasing the Bank. Reviewed the quality of commercial loans granted by German bank for the purchase of apartment blocks by German Housing Associations. Confirmed the data integrity of the information supplied by the lender. Also verified titles and reported on the cases where no first charge was seen. Assessing the overdraft portfolio as part of the sale of a Building Society. Confirming if the correct procedures had been adopted in each case. Reviewing non-performing cases and assessing the adequacy of the collection procedures and commenting on performance. Assessing the lender's credit card accounts in Ireland in respect of credit assessment procedures, review of the collections performance, confirming the data integrity of the lenders information and commenting on the potential evident risks of individual cases.

Client: German bank Project: Lending quality, data integrity, title check

Client: UK building society Project: Compliance and NPL Client: Hedge fund Project: Process, DI, NPL and evident risk

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ECR Approach
ECR project management enables quality, control, and clear communication.
1. Set-up 2. Analysis 3. Evaluation 4. Reporting

Seller provides pool tape to client and/or ECR, ECR cleans data tape Confirmation criteria confirmed Case selection made by client or ECR

Data integrity verification confirmed (QC part 1) Review on-off site (QC part 2) Results analysed /interim reporting as required by client

Grading and final evaluation of each analysed case Discussion with the seller as required regarding case issues (consensus)

Result conclusion QC part 3 Reporting to client

Why make it more complex than it needs to be? ECR clients want swift, accurate, reliable intelligence to enable better decision making, lower risk exposure and increased profitability.

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The team

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George Patellis
George has held a variety of executive positions internationally including several in the UK. He has over 23 years experience in the financial services arena including: Branch Manager for Great Western Financial Services in charge of consumer lending for South Florida, Operations Director and Managing Director for Preferred Mortgages (UK) a start-up specialist mortgage lender, Managing Director for Pepper Home Loans (Sydney, Australia) another start-up specialist mortgage lender, Bear Stearns UK and CEO of Tiuta plc. UK. George has significant international lending experience from start-up to fully functional lenders, spanning north America, Europe, Australia and Asia.
Chairman UK Office: 123 Pall Mall, London SW1Y 5EA T: +44 (0)20 7101 0670 M: +44 (0)7788 271329 E: george.patellis@eurocreditrisk.com

George was part of the senior management team at Preferred Mortgages as Director of Operations. Preferred was re-launched through a management buy out backed by Barclays Private Equity in March of 2001. The company was successfully sold in record time to Lehman Brothers in late 2003. After the sale to Lehman Brothers, George was appointed Managing Director. For the past 16 years every position George has held, has been in the international mortgage arena. George brings untold experience to ECR and further demonstrates ECRs desire to achieve excellence.

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Rod Moulton
Rod started out as a management trainee at Avco Trust (Citibank) rising to Regional Director before moving on to co-found the consumer credit division of National Home Loans (Paragon) as Operations Director. With LBG Rod spent four years as Regional Director in the development of sales in retail banking focused particularly on secured lending and residential mortgages. In 1996 Rod founded Euro Risk Management, the pioneer specialist due diligence provider in the UK, rapidly growing that business and gaining both international clients and assignments. Rod sold his interest in ERM to Clayton in 2007 but remained as Managing Director until 2011. Rod is also Chairman of Moulton Haus Group a real estate business he founded in 2011. A Senior financial services professional with a proven track record over 30 years in Europe, Central and North America. Inspired by strategic challenges, building high-performing teams, delivering profits for clients and significant long term solutions, Rod brings consummate skill to ECR as Chief Executive.

Chief Executive Officer UK Office: 123 Pall Mall, London SW1Y 5EA T: +44 (0)20 7101 0670 M: +44 (0)7802 580181 E: rod.moulton@eurocreditrisk.com

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Giuseppe Elvetico
Giuseppe has worked in financial services since 2006. At Clayton Euro Risk, he was involved in projects in Italy, Spain and the UK for several financial institutions including Morgan Stanley, UBS, Merrill Lynch, Barclays, Lehman Brothers, Bawag/GE, mainly on mortgage loan (performing and distressed) and personal loan pools, servicer evaluations. Previously, Giuseppe has been Senior Consultant for the world's leading pricing consultancy, Simon-Kucher & Partners. Leading projects in a variety of industries, he has also been responsible for the opening of the company's Italian office.
Director of Sales and Marketing Studio Legale Innocenti Corsetto di Sant' Agata, 22 I-25122 Brescia T: +44(0)20 7101 0670 M: +39 335 8390024 E: giuseppe.elvetico@eurocreditrisk.com

Giuseppe is co-author of the Italian edition of Hidden Champions: Lessons from 500 of the World's Best Unknown Companies, originally published by the Harvard Business School Press Giuseppe has a Degree from the University of Naples "Federico II" and an MBA from SDA Bocconi, Milan.

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Hannah Messham
Hannah has 17 years international experience holding management positions at HBOS, The Funding Corporation, deVere Group, Honda UK & Clayton Euro Risk. Specialising in Sales and Risk Management, she has a wide knowledge and extensive experience in personal and auto finance, underwriting of secured and unsecured personal loans and mortgages, credit risk management and surveillance of nonperforming portfolios, as well as off-shore financial products & investments.
Client Services Director UK Office: 123 Pall Mall, London SW1Y 5EA T: +44 (0)20 7101 0670 M: +44 (0)7967 634679 E: hannah.messham@eurocreditrisk.com

Hannah has completed a number of successful projects for International Financial Institutions in Central America, Spain, Germany, Middle East, Africa, Netherlands , UK & Ireland. As Client Services Director Hannah works alongside COO Kevin Graham in project delivery and quality control, client liaison, recruitment and training.

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Howard Davis
Howard has been in practice as a qualified accountant for over 20 years. A Fellow of the Institute of Chartered Accountants in England and Wales, Howard trained and qualified as a Chartered Accountant with the international accountancy practice Grant Thornton. Howards experience ranges across both public and private sectors including a period working with the Serious Fraud Office and Thames Valley Police providing forensic accounting on large multi mortgage loan fraud investigations. Howard established his own accountancy practice, Price Davis, in 1997, which now looks after over 400 clients. He has enjoyed roles as Finance Director and Managing Director in industry and brings a wealth of experience in strategic planning and financial reporting.

Chief Financial Officer UK Office: 123 Pall Mall, London SW1Y 5EA T: +44 (0)20 7101 0670 M: +44 (0)7836 515701 E: howard.davis@eurocreditrisk.com

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Kevin Graham
Kevin has 35 years of experience in the mortgage industry latterly as Head of Operations at Clayton Euro Risk. Kevin held the position of Head of Sales and Products for the Bristol and West Central Mortgage Services, part of the Bank of Ireland group. Prior to this Kevin held management appointments at the National and Provincial Building Society. Kevin has extensive practice in all forms of lending including residential mortgages, personal loans, secured loans , credit cards, commercial loans, overdrafts and invoice discounting. He has completed more than 200 due diligence reviews across Europe, including whole loan trades in commercial bank portfolios, credit cards, non performing loans, overdrafts, personal loans and performing loan trades. With experience gained working in the UK including Northern Ireland, Republic of Ireland, France, Netherlands, Germany, Sweden, Czech Republic, Russia as well as deep product knowledge Kevin heads up all aspects of project delivery and quality matters.

Chief Operating Officer UK Office: 123 Pall Mall, London SW1Y 5EA T: +44 (0)20 7101 0670 M: +44 (0)7831 628415 E: kevin.graham@eurocreditrisk.com

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Manuel Goudie
Manuel joined Citibank in Madrid in 1979, where he held a variety of roles including Corporate and Financial Institutions Relationship Manager and Transaction Banking Head to Iberia Risk Manager. For Citi, he spent 4 years in London as Senior Credit Officer and Risk Manager in different business areas and a year in Lisbon as Country Risk Manager. Since 2002, he has done consulting work, spent 18 months in a start-up company, actively collaborated with two Spanish non-profit organisations (The Spanish Cancer Association and Antares), and was the Country Manager for Clayton Euro Risk.
Sales Director, Spain & Portugal Principe de Vergara, 94 28006 Madrid M: +34 619 276 541 E: manuel.goudie@eurocreditrisk.com

Over the years, Manuel has also taught finance and accounting at various institutions and, while at Citi, was actively involved in internal training. He is currently Director of the Masters in International Finance program and Finance professor at the IEB and Management Accounting and Corporate Finance Associate professor at the Universidad Carlos III in Madrid, at the American University (CIS) and at CEPADE (Polytechnic University of Madrid) in Madrid. Manuel studied Business Administration at the Universidad Complutense (1977) and holds an MBA from the University of Miami, Florida (1978).

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Why ECR as a Partner?

ECR delivers creative, flexible, implementable solutions and a sound quantitative foundation.
Banking Expertise Solid experience gained from a variety of projects covering a wide spectrum of topics World-wide project experience Skilled, multifunctional, local teams Specialists in consulting services Quantitative Foundation of our Recommendations All recommendations have a quantitative basis State-of-the-art" methods Disciplined, systematic procedures Projects, audits and analyses conducted by our own teams

Creativity No standardised solutions Visionary thinking Lateral thinking, made possible by experience in a variety of assignments

Competitive Advantages

Implementable Solutions

The ability to translate technically complex scenarios into manageable solutions Pragmatic recommendations

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ECR as a Partner will provide you with:

ECR offers you Flexibility and adaptability Experience (countries, products, team) Solid analysed data for swift and better decision making Cost-effectiveness, higher profitability, lower risk

Delivering what the client wants on time at lower cost at higher quality

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Thank you
Italy Studio Legale Innocenti Corsetto di Sant'Agata, 22 I-25122 Brescia M: +39 335 8390024 E: info@eurocreditrisk.com United Kingdom 123 Pall Mall London SW1Y 5EA T: +44(0)20 7101 0670 E: info@eurocreditrisk.com www.eurocreditrisk.com 2013 Euro Credit Risk Ltd. All rights reserved Spain Principe de Vergara, 94 28006 Madrid M: +34 619 276 541 E: info@eurocreditrisk.com