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Heritage Global promotes Tom Ludwig to president of NLEX unit By Investing.com
Heritage Global Inc. (NASDAQ:HGBL) has appointed Tom Ludwig as President of its subsidiary, National Loan Exchange, Inc. (NLEX). Ludwig, who previously held roles including Compliance & Privacy Officer and Executive Vice President at NLEX, will now lead the strategic direction, operations, and growth initiatives for the loan sale advisory services unit. The promotion follows a challenging fourth quarter for Heritage Global, which reported earnings and revenue below expectations.