Former BNY Mellon Executive and Vice Chairman Joins Financial Recovery Technologies as Senior Advisor

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James Palermo brings to FRT over 30 years of financial industry experience in the custodial banking space

“We are pleased and excited to have Jim join FRT’s board of advisors,” said Rob Adler, President of FRT. “Jim has spent 30 years in the custodial banking space, so he brings to FRT a great deal of experience and insight."

Financial Recovery Technologies LLC (FRT), a leader in securities class action settlement recovery, today has named James “Jim” Palermo to its advisory board. Jim has over 30 years’ experience in global financial services, most recently as Vice Chairman and Chief Executive Officer of Global Client Management at The Bank of New York Mellon Corporation. As CEO of Global Client Management, Jim was responsible for growth and enterprise-wide strategic partnership developments. Prior to that, Jim spent many years in the Asset Servicing and Global Securities divisions of BNY Mellon. Currently, Jim is a Founding Partner at Breton Capital Management, a special situation private equity investment management firm. Mr. Palermo holds a Bachelor's degree in Business Administration from the University of Massachusetts at Amherst and an MBA from Babson College.

“We are pleased and excited to have Jim join FRT’s board of advisors,” said Rob Adler, President of FRT. “Jim has spent 30 years in the custodial banking space, so he brings to FRT a great deal of experience and insight. We are confident that Jim can be a valuable, contributing member of our advisory board to help FRT expand our litigation monitoring and claims filing services.”

"Having lead the Asset Servicing business at BNY Mellon, I know the types of challenges that securities class actions can present custodian banks and large institutional investors,” said Mr. Palermo. “I have admired FRT’s ability to seamlessly address securities litigation and class actions on behalf of its clients while providing unparalleled service. I hope to help FRT improve and continue to grow into the future.”

About Financial Recovery Technologies
Founded in 2008, Financial Recovery Technologies (FRT) is a technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, FRT provides best-in-class eligibility analysis, disbursement auditing and client reporting, and delivers the highest level of accuracy, accountability and transparency available. Financial Recovery Technologies is a Cross Country Group company (http://www.crosscountrygroup.com). For more information, go to http://www.frtservices.com

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Christopher Higgins
Financial Recovery Technologies
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