Each year the staff of Auto Finance News gathers a speaker faculty of prominent industry professionals to discuss and debate the most important issues in auto finance. The 2013 Auto Finance Risk Summit will have a speaker faculty representing companies and organizations from across the entire spectrum of auto finance.
Katherine Adkins, VP & General Counsel, Toyota Financial Services
Katherine Adkins is Vice President, General Counsel and Secretary for Toyota Financial Services (TFS). Adkins oversees the Legal Department, Compliance Department and Internal Audit Department, providing direction, vision, and strategy to support TFS business objectives and to ensure integrity of enterprise-wide legal, compliance and audit risk analysis. Adkins also leads the development of strategies to ensure legal, compliance and audit tools and technology support changing business demands. Adkins reports to George Borst, President and CEO.
Adkins joined TFS in 2000 as Managing Counsel and in 2006 she was promoted to Corporate Manager and Assistant General Counsel responsible for managing the Legal Department’s Transactions and Compliance Groups. During the last several years in the Legal Department, Adkins successfully managed legal negotiations and documentation for a wide range of contracts, oversaw consumer finance compliance for retail contracts, leases, and insurance products and also managed all legal aspects of marketing, real estate, and commercial lending. Additionally, Adkins has led several projects that addressed outside counsel management, legal cost reduction, legal compliance, liability prevention, and technology and process improvement.
On the Compliance front, Adkins has led the development of a comprehensive compliance program on behalf of the company. Adkins has a passion for innovation and serves as the executive sponsor of the company’s creativity and innovation efforts. TFS has created workshops and training sessions where associates develop innovation skills and improve their creativity, with the goal of creating value to the company.
Adkins earned her J.D. from Loyola Law School and her undergraduate degree in economics from the University of Nebraska.
Shawn Allgood, Director of Consumer Credit Operations, Ally Financial
Shawn Allgood is director of Consumer Credit Operations at Ally Financial. He is responsible for consumer underwriting across the full credit spectrum for a broad set of vehicle auto makes, including new and used vehicles, specialty finance products, recreational vehicles and commercial vehicle sales.
Allgood was named to his current role in 2010 and serves as a key executive in the development of auto finance product, process and pricing initiatives. He joined GMAC in 1988 and has held numerous leadership positions in commercial lending, operations and sales. Most recently, he was a director of Commercial Lending for the company’s western region. He also previously served as a director of Sales, manager of Operations and branch manager, overseeing both retail financing and commercial lending. He is experienced in portfolio management, and has been instrumental in new business growth.
Ally Financial was the leading provider of consumer auto financing in the U.S. in 2012, according to Experian Automotive.
Ken Baruth, VP, Risk Management and Dealer Credit, Toyota Financial Services
Ken Baruth is Vice President Risk and Dealer Credit, Global Chief Risk Officer for Toyota Financial Services Corporation (TFSC) Group.
Baruth is responsible for establishing and implementing risk-based policies and risk-based metrics for the 32 companies within the TFSC group. He reports to TFS President and CEO George Borst. Baruth brings significant automotive captive finance expertise to the role through his 33 years of experience working with Chrysler Credit, Ford Motor Credit and Toyota Financial Services (TFS).
In his 26 years with TFS, Baruth has acquired extensive experience in operations, sales, and product development, as well as a strong leadership track record. He served in a variety of roles including Branch Manager in Boston then Los Angeles, and later as Regional Manager for the company’s Central region, followed by the Western region where he served until 2010. Additionally, he served as Corporate Manager, overseeing product development and remarketing.
Baruth has been involved in various citizen action committees and currently volunteers as a guest speaker at a local university. He is also active in supporting the Lazarian World Home Project, a non-profit dedicated to building homes throughout the world. Baruth received his Bachelor of Science degree in Psychology from Kansas State University.
Marcie Belles, Senior Editor, Auto Finance News
Senior Editor, Auto Finance News Marcie D. Belles joined Royal Media Group in 1996. Marcie spent nearly six years covering the auto finance industry, as managing editor of Auto Finance News. In 2001, Marcie won an award from the Newsletter & Electronic Publishers Foundation for her coverage of GE Capital Corp.’s exit from the auto finance business. She graduated cum laude from Yeshiva University in New York, and lives in Houston with her husband and two sons.
Denise Brown, Vice President, Chief Credit and
Risk Officer, Harley-Davidson Financial Services
Denise Brown is currently Vice President, Chief Credit & Risk Officer of Harley-Davidson Financial Services, Inc. (HDFS), responsible for consumer and commercial credit risk, enterprise risk management, and business intelligence. Denise has 25 years of financial services experience in both consumer and commercial finance and banking, with a specialty in startups, turnarounds, and transformational change. Her background includes a wide range of products and platforms including retail loans, credit cards, inventory finance, small business and corporate finance, deposits, and insurance, in a wide range of industries including auto, motorcycle, powersports, marine, equipment, aircraft, and commercial real estate. In addition, Denise holds a Six Sigma Black Belt and has led Innovation, Process Improvement, and Change Management initiatives for more than 20 years.
Prior to joining Harley-Davidson, Denise was Chief Risk Officer at Merrill Lynch Business Financial Services, a small business lender. In a prior role she led the establishment of bank policy, process, datamart, portfolio analytics, compliance, and enterprise risk management at Merrill Lynch Capital, a startup middle-market commercial finance company. She served as Director of Credit, Compliance & Risk Management for Transamerica Bank, N. A., and spent 14 years with GE Capital, where she held a variety of roles, including division leadership, M&A diligence and integration, international consumer finance, credit policy and scoring, auto finance operations, and pricing. Denise has been a speaker in recent years at the Auto Finance Risk Summit, and is a member of the Risk Management Association and the Executives’ Club of Chicago. She holds a Bachelor’s degree in Economics from Northwestern University.
Doug Clyma, Senior Vice President, General Motors Financial Co.
Doug Clyma is SVP Credit Risk Management at GM Financial. GM Financial is the captive finance
subsidiary of General Motors. GM Financial specializes in non-prime auto finance, full spectrum auto leasing and dealer commercial loans for GM Dealers in the U.S. and Canada. GM Financial also specializes in non-prime auto finance for non GM dealers under the AmeriCredit brand in the U.S.
GM Financial has a portfolio of over $13 billion in loans and leases. Doug’s current responsibilities include U.S. loan and lease credit analysis, portfolio forecasting and analysis, and servicing analysis and reporting. Prior to joining GM Financial, Doug was with Lockheed Martin Aeronautics Company. Doug holds an MBA and a BBA Finance from the University of Texas at Arlington.
Tim Collins, Director, Compliance, Hyundai Capital America
Tim Collins is the Director of Compliance for Hyundai Capital America in charge of designing and implementing HCAs corporate governance and compliance programs. Prior to HCA he was VP of Risk Management and General Counsel for ARS National Services, Inc., where he managed three departments that reduced legal and business exposure in a highly regulated and litigious industry. Before joining ARS National Services, Inc., Tim was Legal Counsel with Midland Credit Management Corporation where he established their litigation outsourcing program. He has over twenty years of experience in the collections industry including firsthand experience in litigating cases and winning at trial. Tim approaches risk and litigation with innovative “outside the box” strategies and has mastered the ability to forecast unforeseen industry risks with pinpoint accuracy. He is the current Chair of the ACA International MAP Committee, past president of the Association of Corporate Counsel-San Diego Chapter, and teaches a seminar on In-House Corporate Practice at the University of San Diego Law School. Tim is also a Principal of Optimized Legal Solutions, LLC, which provides litigation management consulting and workshops to organizations that want to reduce their risk and litigation exposure, yet still be able to produce sustainable profits.
David Diederich, Consumer Credit Executive,
Bank of America Dealer Financial Services
David P. Diederich is the Consumer Credit executive for Bank of America Dealer Financial Services (DFS), where he is responsible for direct and indirect lending, as well as overseeing the loan centers that handle automotive, recreational vehicle, marine, and personal aircraft underwriting. He has additional responsibilities in the Retail Analytics and Modeling group, which develops custom scorecards, performs loss forecasting, and produces general analytics within the originations, collections and recovery areas of DFS.
Previously, David was the Consumer Risk executive for DFS, where he was responsible for automotive, recreational vehicle, and marine portfolios. Prior to that role, he served as the Operations executive responsible for the liquidation of automobile leasing and manufactured housing portfolios.
David joined Bank of America in 1996, as a Vice President of Credit Risk Management in New York. He was promoted to Senior Vice President of Risk Management in Jacksonville, FL in 2001. Before joining the bank, David was Unit Manager at General Motors Acceptance Corp. (GMAC) in Detroit, MI for nine years. In that capacity, he was responsible for credit management and application processing for GMAC locations in the United States, Canada, United Kingdom, Germany, Italy, Spain, France, and Australia.
David graduated from the University of Michigan, where he majored in Business Administration. He earned his Master of Business Administration degree from the University of Detroit and is Bank of America Six Sigma Green Belt certified.
Dan Earles, National Manager, Enterprise Compliance, Toyota Financial Services
Daniel Earles is currently employed at Toyota Financial Services (TFS) based in Torrance, California where he is the National Manager for Enterprise Compliance, reporting to the Chief Compliance Officer. He is responsible for managing multiple regulatory compliance functions at TFS, including regulatory exams, compliance testing and monitoring, complaint management and reporting, and the firm’s policies and procedures function.
Daniel has over 18 years of experience in the financial services industry managing teams of compliance professionals. Prior to joining Toyota Financial Services, Daniel was First Vice-President and Compliance Manager at Washington Mutual Bank and WaMu Investments leading a team responsible for automating and driving efficiencies in compliance controls. Prior to WaMu, he spent 8 years at Charles Schwab & Co. in a variety of roles, including Director of Project Management and Internal Audit Manager. Daniel is a certified Project Management Professional (PMP) and also holds several securities professional licenses. He graduated from the University of California at Davis, with a degree in International Relations. Daniel is also a member of the National Society of Compliance Professionals and has spoken at various industry compliance conferences over the years.
Richard Hackett, Assistant Director, CFPB
Rick serves as an Assistant Director at the CFPB, leading the Installment and Liquidity Lending Group in the Research, Markets and Rulemaking Division of the Bureau. Rick’s responsibilities include advising all divisions of the Bureau with respect to market information and policy issues in the installment and specialty lending areas, including vehicle finance, student lending and payday lending.
Prior to joining the Bureau, Rick practiced law for 31 years, principally involved in consumer financial services law and retail financial services regulation. His practice included all aspects of state and federal regulation of retail financial products origination and marketing, e-payments, regulation of financial service entities, and lending, deposit, and insurance transactions. Rick was the leader of the Banking and Financial Services Group at Pierce Atwood LLP in Boston and Portland.
Tom Lazenby, Senior Vice President, Regions Bank DFS
Tom Lazenby is responsible for line of business management for Regions Bank – Dealer Financial Services. Over the course of almost three decades in banking, he has managed diversified lines of business including small business lending, commercial finance, equipment leasing and bank-wide consumer lending. Tom has been involved with CBA for most of his banking career serving on various committees including the Automotive Finance Committee.
David Mazza, SVP, Credit Risk Director, RBS Citizens
David Mazza is currently the Credit Risk Director at RBS Citizens Bank managing the vehicle secured businesses encompassing a national indirect auto business and RV/Marine loan portfolios. David is currently responsible for setting credit risk appetite and credit policies, driving automated decision strategies, underwriting oversight, loss forecasting, model and scorecard development, portfolio management, and problem dealer management. David has over 23 years or financial services experience largely in a credit risk management capacity. David has been with RBS Citizens for 5 years, where he has also served as the credit risk manager for student loans and overdraft portfolios. Prior to joining Citizens, David worked at Citigroup and the Federal Reserve Bank of NY , largely in capital markets credit risk management capacity. David has a B.A. in Economics from Binghamton University and a M.A. in Economics from NYU. David lives in Providence RI.
Jason Moon, SVP, Staff Attorney,
Federal Trade Commission, Southwest Region
Jason Moon is a staff attorney with the Federal Trade Commission’s Dallas office (Southwest Region). Jason handles investigation and enforcement litigation on a broad range of matters within the FTC’s consumer protection mandate, including cases involving lending practices, debt collection, and telemarketing. Before joining the FTC in 2012, he worked for five years as a criminal prosecutor with the Tarrant County District Attorney’s Office in Fort Worth, followed by eight years as an associate and partner with Brown, Dean, Wiseman, Proctor, Hart & Howell, a Fort Worth civil litigation firm. Jason holds a B.A. in philosophy from Rice University and a J.D. from the University of Texas School of Law. He lives in Fort Worth.
Daniel Parry, Chief Credit Officer, Exeter Finance Corp.
Daniel Parry is a co-founder of Exeter Finance Corp., and presently serves as the company’s Chief Credit Officer. Since beginning operations in 2006, Exeter has built a national auto finance platform, funded more than $1 billion in originations, and executed two asset-backed securitizations. Formerly, Mr. Parry was Senior Vice President of Risk Management for AmeriCredit Corp, where he also held the position of Vice President of Decision Support. He has 15 years of non-prime credit risk management experience, and specializes in quantitative-based strategic risk management solutions. Mr. Parry holds a Bachelor of Science degree in Business Administration and a Master of Business Administration from the University of Texas at Dallas, where he is also an advisory board member for the International Center for Decision and Risk Analysis. Mr. Parry is a regular conference speaker, panelist and contributor to industry publications.
Vijay Patil, Director, Credit Risk, Mitsubishi Motors Credit of America
As a Credit Risk Director at Mitsubishi Motors Credit of America, Inc., Vijay is responsible for developing and executing MMCA’s Credit Risk and Information Management strategies. Prior to joining MMCA in 2008, Vijay worked for HSBC as a Vice President of Risk Management where he held numerous Risk Management positions in HSBC Auto’s Strategic Alliances, Portfolio Management, Consumer Direct and Consumer Indirect businesses. Vijay holds an Engineering degree and an MBA in Information Systems and Finance.
Kenneth Wardle, EVP – Portfolio Management, Exeter Finance Corp.
Kenneth has more than 16 years of non-prime auto finance experience that spans several industry participants. Before helping to found Exeter Finance in 2006, Kenneth was Vice President of Research Analytics for AmeriCredit Corp. Earlier in his career, he also held positions within the company related to loan performance and collection management. Prior to AmeriCredit Corp., he was Vice President of Portfolio Management for Drive Financial Services and worked at TranSouth Financial.