Financial Recovery Technologies Names New Senior Vice President

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Former Global Head of Securities Class Action Services, LLC to Join Next Generation of Class Action Providers

FRT has the most advanced claims filing, discrepancy resolution, and client reporting in the industry. I believe that transparency and reporting are crucial for all financial services firms, an area where FRT has taken the lead.

Financial Recovery Technologies LLC (FRT), the leader in class action settlement recovery, today announced that Alan (Al) Silber has been appointed Senior Vice President. Mr. Silber’s appointment is designed to further strengthen FRT as the industry leader in helping investors maximize recovery from securities class action settlements and position the company for future growth. Over the last five years, FRT has become the provider of choice for some of the largest investment firms in the world.

Mr. Silber has over fifteen years of financial services industry experience and has been in the field of securities class actions since 2003. He spent three years as global head of Securities Class Action Services LLC, a leading third party filer, building the organization into a leader in the class action space. Leveraging Mr. Silber’s expertise, FRT plans to continue its expansion into new U.S. and international markets. Mr. Silber will be primarily focused on business development, as well as other strategic projects.

"I am extremely enthusiastic to join FRT,” says Mr. Silber. “FRT represents the absolute best in class for settlement recoveries for all client types. FRT has the most advanced claims filing, discrepancy resolution, and client reporting in the industry. I believe that transparency and reporting are crucial for all financial services firms, an area where FRT has taken the lead. FRT is making big investments in the future and is the next generation in securities class action partners.”

Mr. Silber will bring his years of experience and knowledge to an industry-leading team with proven expertise at recovering assets for eligible investors in securities class action settlements. Utilizing proprietary technology and processes backed by state-of-the-art data security, FRT helps institutional investors identify eligibility, file claims, and collect more funds than they typically can recover on their own. To date, the business has processed over 1.5 billion transactions, recovered tens of millions of dollars for clients, and uncovered numerous recoveries that competitors missed.

In addition to Mr. Silber’s tenure at Securities Class Action Services, LLC, he was most recently Director of Risk Products for Alacra, a compliance vendor for major financial institutions. Al’s background also includes experience at PricewaterhouseCoopers and MSCI.

“We’re excited to have Al come aboard,” said Rob Adler, President of FRT. “He has a proven track record as an expert in the securities class action industry. We are confident he will be a critical element to FRT’s success in the future.”

About Financial Recovery Technologies
Financial Recovery Technologies is a technology-based services firm that helps institutional investors identify eligibility, file claims and collect funds made available in securities class action filings. Offering the most comprehensive range of securities class action filing services available, the firm excels by providing best-in-class eligibility analysis, disbursement auditing and client reporting, and by delivering the highest level of accuracy, accountability and transparency available. For more information, please visit http://www.frtservices.com.

About The Cross Country Group
Headquartered in Boston, Massachusetts and privately held, The Cross Country Group (CCG) and its member companies provide best-in-class technology-enabled service programs across a broad spectrum of industries, including automotive, insurance, and financial services. CCG’s companies serve hundreds of corporate clients and their 75 million customers each year. For more information, visit http://www.crosscountrygroup.com.

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Christopher Higgins
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