Heritage Global Inc. Appoints Tom Ludwig as President of National Loan Exchange

About this update from Heritage Global Inc.

SAN DIEGO--(BUSINESS WIRE)-- Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced the promotion of Tom Ludwig to President of National Loan Exchange, Inc. (“NLEX”), a subsidiary of Heritage Global Inc. His appointment was approved at the Company’s March board meeting in San Diego. Mr. Ludwig previously served as Compliance & Privacy Officer, Executive Vice President, and Counsel of NLEX. In his expanded role, he will oversee strategic direction, operations, and continued growth initiatives for NLEX, a leading loan sale advisor focused on charged-off and nonperforming asset portfolios. Mr. Ludwig brings nearly two decades of experience with NLEX, where he has held leadership roles spanning legal, compliance, operations, and corporate strategy. He has been involved in thousands of portfolio sales representing billions of dollars in face value and has played a key role in developing governance frameworks and operational infrastructure supporting the Company’s marketplace platform. “Tom has been instrumental in the growth and operational integrity of NLEX,” said Dave Ludwig, President of Financial Assets at Heritage Global. “His deep understanding of the regulatory landscape, combined with his experience across legal, compliance, and operations, position him well to lead NLEX in its next phase of development.” “I am honored to take on this role and continue working with the talented team at NLEX,” said Tom Ludwig. “We remain focused on delivering transparent, compliant, and efficient marketplace solutions for our clients while expanding our capabilities across asset classes.” “Tom’s leadership, experience, and long-standing contributions to NLEX make him the right choice to lead the business,” said Ross Dove, Chief Executive Officer of Heritage Global. “We believe his appointment will support continued growth and reinforce NLEX’s position in the financial asset advisory market.” Mr. Ludwig holds a Bachelor of Science degree from the University of Illinois Urbana-Champaign and a Juris Doctor from Southern Illinois University Carbondale School of Law. He is licensed to practice law in Illinois and Missouri and is certified as a Credit & Collection Compliance Officer by ACA International. Heritage Global Inc. (NASDAQ: HGBL) values and...

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