Arrow Global Group, a leading European investor and asset manager in non-performing and non-core assets, is delighted to announce that its Portuguese business, Whitestar, has won Global Banking and Finance Review’s “Best Credit Portfolio Management Company Portugal 2018” award.
Whitestar, the leading credit servicer in Portugal, was recognised for its performance in the Portuguese market and its strong relationships with customers, investors, originators and stakeholders. The accolade follows a period of strong growth for the business.
Since its inception in 2011, the Global Banking and Finance Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the global financial community. The awards were created to recognise companies of all sizes which are prominent in particular areas of expertise and excellence within the financial world.
Commenting on the award, João Bugalho, Arrow Global’s Chief Country Officer in Portugal and CEO of Whitestar, said: “This award recognises Whitestar’s leading position in the Portuguese market, built up over many years of delivering specialist servicing expertise.
“Our high standards of servicing have set a benchmark for the sector in Portugal and we are delighted to be recognised by Global Banking and Finance Review for our accomplishments.
“The depth of Arrow Global’s offering will be further enhanced following the proposed acquisition, subject to Bank of Portugal regulatory approval, of Norfin Investimentos, a leading real estate investment manager. The acquisition will optimise Whitestar’s management of its current property portfolio, as well as broaden the business’s servicing offering to clients as financial institutions increasingly look to divest more of their complex real estate assets as part of portfolio transactions”.