Aames Financial Corp. this week named A. Jay Meyerson, the former consumer finance chief at KeyCorp, to lead it back from the brink.

Mr. Meyerson, who was named chief executive officer of the ailing subprime lender on Tuesday, acknowledged in an interview that the turnaround won't be easy.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.