Atlantic RMS, a provider of Diligence, Workout and Collection Services to the ABL, ABS and Receivables Finance Industry, has extended its reach and presence in Germany.

Atlantic Risk Sela GmbH, a JV together with Sela group, is based in Munich and led by Peter Klaus. Peter is an internationally recognized lending expert. He is a lawyer specialized in insolvency and commercial law and worked for more than 20 years as a manager for international groups like Credit Lyonnais, Euler Hermes / Allianz and Crédit Agricole in Germany, France, Belgium and the Netherlands. He regularly speaks at conferences and teaches at the private University “Quadriga”, Berlin on receivable financing and is a commercial judge.

Commented Richard Hawkins, CEO Atlantic Group: “With offices in Chicago, London and now Munich we are excited by this development. We believe that the Central European Market provides both opportunities and challenges for Lenders, Advisors and Investors. We are there to support our clients with local expertise and knowledge and deliver Cross Border and Local Services”.

Commented Peter Klaus, Managing Director, Atlantic Risk Sela GmbH: “I am very happy about the creation of Atlantic Risk Sela GmbH in the heart of Europe. Risk Management is all about experience and trust based on proven quality, in short the right people: Atlantic Risk is a trusted and well-known specialist which provides asset based related risk advisory and risk management services at its best. Our teams consist of senior industry experts who have seen it all, who have a hands on mentality and practical approach and can help with all sorts of risk management issues, locally, but also when it comes to complex Cross Border deals. With the upcoming Brexit and economic downturn, now is the right moment/”