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

Thomas McCarthy

Interim Chief Executive Officer


Stephen Krallman

Chief Financial Officer

Prior to joining the Company, Mr. Krallman, 56, was the Vice President, Corporate Controller for Diamond Resorts International (“DRI”), an international hospitality and vacation ownership company with over $4.0 billion in assets. Mr. Krallman was responsible for the accounting, reporting, and internal control functions at DRI and supervised a staff of over 50 personnel. Prior to joining DRI in 2015, Mr. Krallman had over 20 years of experience in the real estate, financial services, and manufacturing industries where his positions and responsibilities included SEC reporting for initial public offerings, SEC annual and quarterly reporting, business combination and acquisitions, and system integrations. Mr. Krallman holds a Bachelor of Business Administration in Accounting from the University of San Diego.

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

John P. de Jongh Jr.

Interim Chairman of the Board
 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.