Stamford, CT – June 2015
The RVI Group is pleased to announce two noteworthy promotions:
Rene Abdalah has been promoted to Senior Vice President, responsible for RVI’s Passenger Vehicle Business. Mr. Abdalah’s strong leadership, forward thinking mentality and commitment to continued product innovation have been key to the success of the business since he came on board in 2002, and will continue to be central to RVI’s continuing expansion.
Before joining RVI, Mr. Abdalah was a Principal at The Campbell Group in Boston, MA, and prior to this spent four years at Standard & Poor’s Global Automotive Group. Earlier in his career, he worked at World Omni’s residual risk group, and the Federal Reserve’s automotive group. Abdalah holds a B.A. degree in Mathematical Economics from Brown University.
“Rene has been instrumental in the evolution of the Passenger Vehicle business. His strategic ability, knowledge of the auto industry, and analytical expertise combine to create a unique capability to drive further growth of the business. We are delighted to have Rene on the team!” said Douglas May, Chief Executive Officer of RVI.
Wei Fan has been promoted to Senior Vice President, responsible for RVI’s Risk Management and Quantitative Analysis. Since Mr. Fan joined RVI in 2007 he has made significant contributions to the risk management, underwriting and financial analysis methodologies.
Prior to joining RVI, Wei was a Director with JD Power & Associates, where he directed the development of a number of used vehicle valuation applications as Chief Designer and Methodologist including the total loss valuation system currently used by major insurance carriers. His area of expertise is in the design and development of complex econometric models for use by companies in the used vehicle industry. He holds a Ph.D in Economics from the University of Michigan, a Masters in Physics from the University of Delaware, and a B.S. in Applied Physics from Shanghai Jiao Tong University.
“Virtually every aspect of how our business is managed has been improved through Wei’s contributions; we are very fortunate to have someone of his caliber on our team,” said Daniel Egan, EVP and Chief Risk Officer of RVI.
We anticipate another strong year of performance in 2015 and are confident that we have the best team in place to make it happen. RVI Group is the world’s leading provider of residual value insurance, consistently delivering value to our customers through specialty insurance, financial solutions and analytical services. We attract, reward and encourage highly skilled and dedicated professionals through our commitment to excellence, development and teamwork.