Executive Change: Paul Farinacci to Universal Fidelity as President and CEO

Universal Fidelity LP (UFLP) announced recently that Paul A. Farinacci is joining the company as President and Chief Executive Officer. Founder Terry W. Simonds remains as Chairman and will remain involved with the company.

Robert DiGennaro, formerly the CEO of UFLP, was instrumental in recruiting Paul Farinacci, an industry veteran with 38 years experience in the accounts receivable management and business process outsourcing industry.

DiGennaro has accepted a senior executive position with one of the largest banking industry companies in their mortgage services division.

Farinacci is a graduate of The Ohio State University, and started his career in the financial industry with Payco American Corporation.  He has held senior Executive positions with National Revenue Corporation, was a founding member of management with IntelliRisk (Iqor) and was most recently with Intregity Financial Partners. Paul also was President of Student Assistance Corporation, a SallieMae company (SLM Corporation) and has extensive knowledge in both domestic and international call center operations.

Terry W. Simonds (Chairman) welcomes the experience and professional approach to the industry that Paul will provide Universal Fidelity LP.  Universal Fidelity is entering a new era of ever changing challenges in the Financial Services Industry and looks forward to Paul advancing the organization to meet these challenges.

Universal Fidelity is a National Financial Services Company with a focus on Call Center Operations, Credit Cards, Consumer Loans, Healthcare, Government, Closed-end, Commerical Installment Loans and BPO processing for fortune 1,000 companies.