Cypress Financial Names New Chief Executive

Dow Jones

Cypress Financial Services Inc. said it has named Manuel Occiano chief executive and a member of its board.

Occiano succeeds Rich Keys, who remains with the company in a different capacity, a spokesman said.

The spokesman added that Occiano fills a new position on the board. His appointment increases the board to five members.

Occiano had been executive vice president and chief operating officer at West Capital Financial Services Corp., a unit of SunAmerica Inc.'s SunAmerica Life Insurance Co.

Cypress Financial purchases and collects charged-off consumer debt.

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