NetSol subsidiary Virtual Lease Services names new managing director

Leading asset finance and leasing executive Louise Ikonomides has been appointed managing director of Virtual Lease Services Ltd., a jointly-owned subsidiary of NetSol Technologies, Inc. (NASDAQ: NTWK) and Investec Asset Finance Plc.

In her new role, Ikonomides will oversee VLS´ expansion efforts, focusing on business process outsourcing, which includes the management of process driven installment credit portfolios; standby servicing to the securitization markets; and management of rental programs for equipment manufacturers and associated resellers. She also will lead the growth strategy into new verticals, including unsecured asset-backed securities and consumer debt.

Virtual Lease Services (http://www.vls.uk.com) provides complete business process outsourcing services to the asset financing and leasing industry across several areas, including portfolio management, distressed portfolio analysis and recovery, standby servicing, rental programs, management services as well as other customer-driven tailored servicing.

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