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PHH Corporation Names Jim Ballan Vice President of Investor Relations

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  Published in Business and Finance on Tuesday, October 11th 2011 at 12:35 GMT by Market Wire
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MOUNT LAUREL, N.J.--([ BUSINESS WIRE ])--PHH Corporation (NYSE: PHH) today announced that Jim Ballan has been named Vice President, Investor Relations.

"Jim brings a unique understanding of investorsa™ perspectives to this role, and his experience and insights will be of tremendous value, as he works to ensure investors understand our business strategy, the factors that drive our financial results and the value our stock represents"

Ballan joins PHH with more than 20 years of experience in the financial services industry as a senior equity and high yield research analyst and as both an investment banker and commercial banker. Most recently, he served as a senior equity research analyst at Lazard Capital Markets in New York, where he was responsible for covering Specialty Finance. Prior to that, he was a senior equity research analyst at Bear Stearns and J.P. Morgan, covering Business Development Companies (BDCs) and other permanent capital investment vehicles.

aJim brings a unique understanding of investorsa™ perspectives to this role, and his experience and insights will be of tremendous value, as he works to ensure investors understand our business strategy, the factors that drive our financial results and the value our stock represents,a said Jerry Selitto, president and CEO of PHH Corporation, commenting on the appointment.

Ballan earned a Bachelor of Arts degree in Economics from Northwestern University and an MBA in Finance from Columbia Business School.

About PHH Corporation

Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary, PHH Mortgage, is one of the top five retail originators of residential mortgages in the United States¹, and its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information about the Company and its subsidiaries, please visit the Companya™s website at [ www.phh.com ].

¹ Inside Mortgage Finance, Copyright 2011