Encore Capital Group, Inc. announced that John Yung has been appointed President of International and Cabot Credit Management, effective May 8, 2023. He will be responsible for Encore's Cabot business, which is based in the U.K. and Europe, while continuing to oversee Encore's businesses and investments in Latin America and the Asia Pacific region (LAAP). Since joining Encore in 2015, Yung has had roles with increasing responsibility, and currently serves as Senior Vice President, Chief Global Strategist.

In his new role, Yung will be based in London and will continue to report to Encore's President and CEO, Ashish Masih, as a member of Encore's Executive Leadership Team. The responsibilities currently held by Craig Buick as Chief Executive Officer, Cabot Credit Management, will be transitioned to John Yung, subject to any regulatory approvals where required. However, Buick will remain with the organization for a period of time to help facilitate the transition.

Buick served as Cabot's chief executive since January 2020 and has been with the company since 2016, when he joined as Cabot's Chief Financial Officer. As Encore's U.K. and European business, Cabot is a market-leading credit management services firm comprised of 3,000 colleagues across the U.K., Ireland, France, Spain, Portugal and Italy. Before joining Encore, Yung was a co-founder of ZenBanx Holding Ltd., an international financial technology company that was acquired by SoFi Technologies, Inc. Additionally, Yung held several executive roles at ING Direct USA, Bank of America and MBNA.