FIRM OVERVIEW

 

Altisource Asset Management Corporation (“AAMC”) is an asset management company that provides portfolio management and governance services to alternative investment and private equity vehicles. AAMC is a registered Investment Advisor with the Securities and Exchange Commission and is publicly traded on the NYSE American Exchange under the ticker AAMC . AAMC’s principal offices are located in the United States Virgin Islands and it also has operations in the United States and India, through its subsidiaries, AAMC US, Inc., and Front Yard Business Solutions Pvt. Ltd., respectively.


Management Team

Indroneel Chatterjee

Chairman and Chief Executive Officer

Mr. Chatterjee was appointed to our Board of Directors in January of 2020, and has served our as Chief Executive Officer since then. Prior to joining AAMC, Mr. Chatterjee was Chief Financial Officer and head of New Business Initiatives at Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) (“ASPS”), an integrated service provider and marketplace for the real estate and mortgage industries. Mr. Chatterjee was with ASPS from October 2017 to May 2019. Before joining ASPS, Mr. Chatterjee served as Head of Credit Solutions, Global Markets at Nomura Securities, an investment banking firm, and as Executive Director on the fixed income trading desk. Early in his career, Mr. Chatterjee held various leadership positions at Perry Capital, UBS Securities LLC, and AIG. He holds a Bachelor of Science in Economics from the Wharton School of Business at the University of Pennsylvania. Mr. Chatterjee grew up in Kolkata, India, and attended St. Xavier’s Collegiate School and La Martiniere School. He enjoys spending time with his family, cooking, traveling, raising and adopting dogs, and playing the piano.

Chris Moltke-Hansen

Chief Financial Officer

Mr. Moltke-Hansen serves as Chief Financial Officer of AAMC and is designated as the Company’s principal financial officer and principal accounting officer. Mr. Moltke-Hansen is responsible for overseeing all financial aspects of the Company, including financial planning and analysis, accounting and financial reporting, as well as managing the tax, internal audit, treasury, and investor relations functions. Previously, Mr. Moltke-Hansen served in various finance positions since joining AAMC, including most recently as Managing Director of Finance. Prior to joining AAMC, Mr. Moltke-Hansen was Vice President of Financial Control at Credit Suisse, a leading global wealth manager and investment bank where he held various positions of increasing responsibility. In his roles at Credit Suisse, Mr. Moltke-Hansen worked extensively across the bank to support the financial, operational, regulatory, and compliance aspects of the bank’s U.S. parent company and subsidiaries. Mr. Moltke-Hansen began his career in public accounting in the audit practice of a BDO Alliance USA firm. Mr. Moltke-Hansen is a Certified Public Accountant and holds a Bachelor of Science in Accounting from Elon University.

P. Graham Singer

General Counsel and Secretary

Mr. Singer serves as the General Counsel and Secretary of AAMC. Prior to his appointment, Mr. Singer served as Senior Counsel with a broad range of responsibilities including corporate structuring and consolidation, management and oversight of outside counsel specific to all real estate acquisitions and dispositions, and various real estate and property management activities, including loan extensions, modifications, and property-related litigation. Prior to joining AAMC, Mr. Singer served as Legal Counsel for VEREIT, Inc., where he was responsible for all aspects of the acquisition and disposition of real estate assets totaling greater than $2.5 billion in acquisitions and $550M in dispositions. Mr. Singer has also held related legal positions within commercial real estate finance, loan servicing, and asset management fields at Alston & Bird LLP and Cadwalader, Wickersham & Taft LLP. Mr. Singer received a J.D. from Washington University in St. Louis School of Law and a Bachelor of Arts in Philosophy from Wake Forest University.

Varun Singhal

Executive Vice President

Mr. Singhal serves as Executive Vice President, Capital Markets and is the head of AAMC’s India operations. Mr. Singhal is also responsible for overseeing the company’s portfolio oversight, due diligence and underwriting teams. Since joining AAMC in 2012, Mr. Singhal has been responsible for the pricing and acquisition efforts of approximately $1.9B of residential assets and $2.5B of non-performing loans for Front Yard Residential Corporation. Mr. Singhal’s responsibilities also included determining the fair valuation of assets under management, development of pricing and financial models, and cash flow forecasting. Prior to joining AAMC, Mr. Singhal worked for Ocwen Financial Corporation where he was responsible for the development of prepayment and default models utilized within MSR acquisition efforts, and the valuation of various tranches of mortgage-based securities owned by Ocwen. Mr. Singhal received his MBA from Indian Institute of Management, Indore and holds an Engineering degree from Delhi University.

Devesh V Tripathi

Vice President – Head of Information Technology

Mr. Tripathi serves as Vice President, Information Technology of AAMC and is designated as the Head of IT for AAMC. Mr. Tripathi is responsible for overseeing all IT verticals of the Company, including Enterprise Applications, Infrastructure, ERP and Business Analytics functions. In his previous roles , Mr. Tripathi has worked extensively across various domains in IT and specializes in designing and building enterprise applications for business process automation and data analytics from grounds up. Early in his career, Mr. Tripathi worked in project management role at AllScripts , a global leader in IT Healthcare. Mr. Tripathi has also worked in a senior IT role at MCM Capital Partners LLC, a leading residential whole loan mortgage investor, manager, advisor and technology provider. Mr. Tripathi is an award winning photographer and has been a speaker at TED Talks.


Board of Directors

Indroneel Chatterjee

Chairman and Chief Executive Officer

Mr. Chatterjee was appointed to our Board of Directors in January of 2020, and has served our as Chief Executive Officer since then. Prior to joining AAMC, Mr. Chatterjee was Chief Financial Officer and head of New Business Initiatives at Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) (“ASPS”), an integrated service provider and marketplace for the real estate and mortgage industries. Mr. Chatterjee was with ASPS from October 2017 to May 2019. Before joining ASPS, Mr. Chatterjee served as Head of Credit Solutions, Global Markets at Nomura Securities, an investment banking firm, and as Executive Director on the fixed income trading desk. Early in his career, Mr. Chatterjee held various leadership positions at Perry Capital, UBS Securities LLC, and AIG. He holds a Bachelor of Science in Economics from the Wharton School of Business at the University of Pennsylvania. Mr. Chatterjee grew up in Kolkata, India, and attended St. Xavier’s Collegiate School and La Martiniere School. He enjoys spending time with his family, cooking, traveling, raising and adopting dogs, and playing the piano.

John P. de Jongh Jr.

Independent Director
 Chair of the Audit Committee
 Member of the Nominating and Governance Committee
 Member of the Compensation Committee

John P. de Jongh, Jr. was appointed to the Board of Directors of AAMC in December 2016. Governor de Jongh currently is a Principal of Chilmark Investment Partners, LLC (“Chilmark”), a U.S. Virgin Islands-based advisory firm with a focus on real estate, insurance and financial services. From January 2007 to January 2015, Governor de Jongh served two terms as the Governor of the U.S. Virgin Islands, during which he led the territory through the difficult economic periods following the financial crisis of 2008, sponsored legislation to expand access of small businesses to loan programs and export initiatives, ensured Government access to capital markets, negotiated public-private initiatives with cruise lines and rum producers and implemented revitalization projects for St. Croix, St. Thomas and St. John. From 2003 to 2006, Governor de Jongh served as a Principal of Chilmark in the same capacities as his current position. From 1992 to 2002, Governor de Jongh served as President, Chief Operating Officer and a member of the board of directors of Lockhart Companies Incorporated, a holding company with subsidiaries in real estate, insurance and financial services in the U.S. Virgin Islands, the British Virgin Islands and the Turks & Caicos. He also served three terms as the President of the St. Thomas-St. John Chamber of Commerce and the Community Foundation of the Virgin Islands, a philanthropic organization focused on children and families. From 1993 to 1995, he was a Senior Managing Consultant for Public Financial Management, Inc., where he implemented five-year strategic plans for the cities of Philadelphia, PA, New Haven, CT and Washington, DC. Prior to 1993, Governor de Jongh served in multiple capacities for the Government of the U.S. Virgin Islands, including Commissioner of Finance, Director of Finance for the Virgin Islands Finance Authority, Executive Assistant to the Governor and Chairman of the Virgin Islands Water and Power Authority. Governor de Jongh received his Bachelor of Arts in Economics from Antioch College.

Ricardo C. Byrd

Independent Director
 Member of the Compensation Committee
 Chair of the Nominating and Governance Committee
 Member of the Audit Committee

Mr. Byrd was elected to our Board of Directors in June 2015. Mr. Byrd has served as the Executive Director of the National Association of Neighborhoods (NAN), one of the nation’s largest and oldest multi-issue membership associations of grass-roots neighborhood organizations, since 1995, and from 1982 to 1994, served as Federal FTA Project Manager for NAN. He has over thirty years of management experience in directing grass-roots programs. On America’s social and economic development challenges, he has served as a public policy catalyst, a community outreach strategist and resource person to the White House, Congressional, state and local government officials, corporations, and neighborhood leaders. Mr. Byrd is a native Washingtonian, educated in the District of Columbia Public Schools, and holds a Bachelor of Arts degree from Howard University.

John A. Engerman

Independent Director
 Member of the Audit Committee
 Member of the Nominating and Governance Committee
 Chair of the Compensation Committee

Mr. Engerman was appointed to the Board of Directors of AAMC in June 2019. Since July 2016, Mr. Engerman has been Managing Partner of BDO USVI, LLC, a full-service accounting and advisory services firm located in St. Thomas, USVI. From 2017 to 2018, Mr. Engerman served as the Territorial Campaign Manager for the successful Albert Bryan and Tregenza Roach Gubernatorial Team for the U.S. Virgin Islands. From 2019 to present, Mr. Engerman founded and serves as Chairman for The Strategy Group VI, LLC, a strategic political think tank firm. Prior to his service with BDO USVI, LLC, from January 2014 to June 2016, Mr. Engerman was Executive Vice President, Finance & Planning for International Capital & Management Company, a finance and analytics firm located in St. Thomas, USVI. From February 2001 to January 2014, Mr. Engerman was a Managing Member of ARI Group, LLC, a government and business advisory firm located in Fort Washington, MD. Mr. Engerman commenced his career in various accounting, auditing and advisory roles for PricewaterhouseCoopers, Ernst & Young and Capgemini (now part of Ernst & Young). Mr. Engerman also served for five years in the United States Navy. Mr. Engerman received a Bachelors degree in Business Administration – Accounting from Howard University in Washington, DC and is a Certified Public Accountant.