Executive Change: Matthew Russell to TRAKAmerica as SVP and Operations Executive

Syosset, N.Y. — TRAKAmerica, the leading independent provider of legal network management services, announced today that Matthew Russell has joined the company as Operations Executive and Senior Vice President. Mr. Russell, a former Capital One senior manager, will oversee TRAK’s Client Services, Project Management and Media Management functions. “The addition of Matt to our senior team continues to demonstrate TRAK’s investment in key talent,” said President Vincent Iacono. “Matt is clearly a rising star in our business, possessing the full range of skills necessary to navigate our ever changing industry. We are lucky to have him lead our operations.”

Prior to joining TRAKAmerica Mr. Russell led Capital One’s legal recoveries network team, including process, intent and execution. Russell joined Capital One while in college in 1997. He has worked in every part of the credit card lifecycle from credit analysis to recoveries. He began working in the Capital One recoveries organization in 2005, managing the back office, accounting and quality functions for the contingency, legal and bankruptcy business units.

“I’m incredibly excited about the opportunity to join TRAK,” said Russell. “I’ve watched TRAK for several years now. They have a tremendous analytical model and execute it well. Particularly in today’s environment, joining a first class recovery organization like TRAK was an easy decision for me.”

“Matt’s impact on our business will be felt immediately. His leadership, knowledge of the business and client-orientated approach that have driven his success in the past will aid us in achieving both our immediate and longer term objectives,” said TRAKAmerica CEO Thomas Dalessandro.

About TRAKAmerica
TRAKAmerica, the leading independent provider of legal network management services, has been able to recover millions of dollars, previously believed to be unrecoverable, for some of the most astute lenders in the world. The company’s recovery success is built on a nationwide network of local attorneys, combined with a rigorous analytic approach to managing thousands of accounts. TRAKAmerica’s FASTRAK model permits its attorneys to concentrate on the most suit-worthy accounts while its asset location skills and rigorous attorney management procedures ensure that each attorney follows the most statistically likely, cost effective path to recovery on every account. Since 2000, TRAKAmerica has won ongoing assignments from debt buyers, banks, finance companies, credit unions, auto lenders and others by delivering higher netbacks in a secure, compliant environment. Creditors or debt buyers who would like more information about FASTRAK or who would like to run a test file should contact should contact Wade Ferguson at 239.249.6573.