Press Release
White Plains, NY- June 4, 2007 - EquiSearch Services Inc. announces the hiring of Joseph C. Capozzi, Senior Vice President and Head of Business Development, John Bambach, Vice President, Business Development and Thomas Connors, Controller.
EquiSearch is a recognized leader of lost account holder search and recovery services in the unclaimed property industry. Through its services, financial organizations can locate missing account holders, reduce costs associated with lost account holders, comply with SEC and state due diligence requirements, reduce assets escheated to the states and reunite account holders with their assets while improving database accuracy and client relationship quality. Since 2003, EquiSearch has prevented over 500,000 financial accounts worth approximately $4.0 billion from escheating to states by locating lost and dormant assets and account holders and reuniting them with their unclaimed assets.
"We are thrilled to add Capozzi, Bambach and Connors to our team and initiate the next phase of our strategic plan under the ownership of Palladian Capital Partners, a private equity firm," says David J. Coonin, President. "Capozzi and Bambach bring a wealth of experience in financial services with a concentration in the stock transfer, banking, mutual fund and brokerage industries. They will play a key role building new products, enhancing current service offerings, reinforcing client relationships and expanding our market presence."
Capozzi was a Senior Vice President, Marketing and Sales Director at State Street's Corporate Trust Division and held sales management roles for Mellon and Connecticut Bank and Trust. Capozzi also headed up shareholder services for the Dreyfus Funds at The Bank of New York. Bambach was a Vice President/Managing Director with JP Morgan/First Chicago/Equiserve and brings over 30 years experience in the stock transfer industry. Connors brings over twenty years of progressive accounting and financial management experience with expertise in developing highly efficient systems, team environments and computer effectiveness.
About Palladian Capital Partners
Palladian Capital Partners LLC works with existing management teams to build profitable, sustainable businesses and to realize significant returns on capital for investors, management, and other partners. Palladian is led by experienced operating, investment banking and private equity professionals, and its lead partners collectively have more than 50 years of experience, executing over $20 billion of advisory and principal transactions with 100 companies across a cross section of industries.
