Equisearch Appoints Ed Scarborough as President

ELMSFORD, N.Y.--(BUSINESS WIRE)-- Equisearch, a leading provider of services for search and recovery of lost financial assets, today announced the promotion of Ed Scarborough to the position of President. Scarborough previously held the title of Vice President of Business Development. In his new role, Scarborough will focus on furthering Equisearch’s leadership position in the asset recovery industry and growing the company’s business by leveraging technology, custom research and personalized service to flexibly meet the requirements of asset holders and do what is right for asset owners. He will report directly to Equisearch CEO, Carl D. Glaeser.

“Ed Scarborough leverages Equisearch’s customer focused approach with his deep and broad base of sales and general management experience,” said Glaeser. “This proven experience adds incremental strength to the industry leading Equisearch management team.”

Since joining Equisearch several years ago, Scarborough has helped to grow the company’s already deep relationships with issuers and transfer agents while successfully developing new markets and revenue opportunities in other areas of the financial services sector and within industries such as oil & gas. He joined Equisearch in August 2008 after spending six years as vice president of sales at Spohn & Associates, a technology training and consulting firm. Scarborough has also held positions at Bowne Global Solutions, Lucent Technologies, Tandem Computers, Honeywell and Wang Laboratories.

For more than twenty years, Equisearch has been helping companies locate and contact shareholders who hold dormant assets using proprietary technology and search methods. Moving forward, the company expects to continue providing unparalleled support to issuers and transfer agents as well as customized services for U.S. businesses in need for asset, escheat and risk management solutions.

About Equisearch:

Founded in 1988, Equisearch is a leading provider of lost account holder search and recovery services in the unclaimed property industry. The company helps financial institutions identify unclaimed financial assets and reunite them with its rightful owner or heir using a variety of unique and proprietary search methods. Since 2004, Equisearch has recovered more than 500,000 financial accounts worth approximately $4.0 billion. Equisearch is based in Westchester County, NY. Equisearch is a portfolio company of Palladian Capital Partners LLC, www.palladiancap.com. For more information, please visit www.Equisearchinc.com.