Welcome!

Microsoft Cloud Authors: Pat Romanski, Andreas Grabner, Nick Basinger, Kevin Benedict, Liz McMillan

Blog Feed Post

Claims Outsourcing and Tax Reclamation specialist GOAL Group LTD appoints Michael T. Bancroft To head up GOAL Group Inc. in the U.S.

London and New York, October 2012 - GOAL Group Limited, a claims outsourcing provider and tax reclamation specialist, today announced the appointment of Michael T. Bancroft, CPA to head up its new presence in the Americas based in Wilmington, DE.

Mr Bancroft has specialised in class action claims administration since the 1980s, with his case experience embracing security, antitrust, product, consumer, governmental and employment class actions.

Stephen Everard, CEO, GOAL Group, comments: "Michael's 30+ years of experience in all aspects of claims administration, with one of the top claims administrators in the country, puts him in a unique and elite class. His expertise in claims processing, court approved plans of allocations, settlement fund distribution and tax reporting makes him the perfect choice to head up our new U.S. office."

GOAL Group's new US operation, launched on October 1, extends the company's services, widely employed in Europe and Asia, to a fully global client base, providing class action claim filing services to corporate pension funds, global custodians, banks, local government authorities, brokerage firms and hedge funds. With the passing of the Foreign Account Tax Compliance Act (FATCA) in the U.S., foreign financial institutions are increasingly looking for help and services in reporting income and investments for US citizens, making tax reclamation and claim filing services essential.

Mr Bancroft started his career in 1979 at the Certified Public Accounting firm Heffler, Radetich & Saitta LLP, in Philadelphia, PA, and became a Partner in 1986, with his sole responsibilities relating to claims administration. He left Heffler as the firm's Litigation Department Head.

Michael Bancroft comments: "Over the past 30 years I have processed claims filed in hundreds of security and antitrust class actions and I know the data requirements, costs and staff time it takes to file a complete and accurate claim. I also believe with the current climate of case complexities, timing of settlements, custodial staffing costs and turnover that prudent financial institutions will have to outsource its in-house claims processing to cut costs and maintain client requests. I joined GOAL because I believe in their forward thinking, world-wide outsourcing model and most of all, I support their commitment to develop and maintain a proprietary case research and claim calculation platform. In my opinion the functionality and accuracy of our current platforms, along with our website's client portal, are second to none. With our in-house team of IT, research and claim specialists, the day a case is filed, we start the process of providing clients with current and accurate case alerts, updates and claim calculations."

Mr Bancroft continues: "With the compliance pressures of FATCA and every country's economic pressures to generate revenue, the importance of effective tax reclamation on cross-border securities earnings is ripe. Every custodian, trustee, money manager and advisor will now have additional fiduciary responsibilities added to their plate and we offer solutions, both in-house and outsourcing, to meet all tax reclamation requirements."

Ends

Press Contacts
Cordelia Stirling-Aird, Lindsell Marketing
(t) +44 (0)20 7402 0510, (e) [email protected]

About GOAL Group Limited (GOAL)
Established in 1989, GOAL is the leading class actions and tax reclamation services specialist. Goal has a truly blue-chip client base including many of the world's largest global custodians, asset managers, private banks, pension funds, hedge funds, high net-worth individuals, investment banks, prime brokers and fund managers spread widely across Europe, the United States and the Far East.

GOAL's class actions service is provided via the wholly-owned subsidiary Goal Global Recoveries Limited ("GGRL") and supports individuals and corporate entities who have suffered financial loss from owning shares in a company where there has been mis-management and/or unlawful behaviour. GOAL has calculated that between 2000 and 2007, nearly $12 billion had been 'left on the table' by shareholders who had failed to seek redress for their losses, and is currently working on an estimate of unreclaimed losses for 2008-11.

In the tax reclamation field, GOAL's flagship product GTRS (Global Tax Reclamation System) - available as installed software or as an outsourced service - helps custodians reclaim tax on income from cross-border securities that has been overwithheld by foreign governments based on international Double Taxation treaties. This is delivered to global financial institutions, including 5 of the world's top 10 custodian banks.

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

IoT & Smart Cities Stories
@CloudEXPO and @ExpoDX, two of the most influential technology events in the world, have hosted hundreds of sponsors and exhibitors since our launch 10 years ago. @CloudEXPO and @ExpoDX New York and Silicon Valley provide a full year of face-to-face marketing opportunities for your company. Each sponsorship and exhibit package comes with pre and post-show marketing programs. By sponsoring and exhibiting in New York and Silicon Valley, you reach a full complement of decision makers and buyers in ...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound e...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessio...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
Rodrigo Coutinho is part of OutSystems' founders' team and currently the Head of Product Design. He provides a cross-functional role where he supports Product Management in defining the positioning and direction of the Agile Platform, while at the same time promoting model-based development and new techniques to deliver applications in the cloud.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
LogRocket helps product teams develop better experiences for users by recording videos of user sessions with logs and network data. It identifies UX problems and reveals the root cause of every bug. LogRocket presents impactful errors on a website, and how to reproduce it. With LogRocket, users can replay problems.
Data Theorem is a leading provider of modern application security. Its core mission is to analyze and secure any modern application anytime, anywhere. The Data Theorem Analyzer Engine continuously scans APIs and mobile applications in search of security flaws and data privacy gaps. Data Theorem products help organizations build safer applications that maximize data security and brand protection. The company has detected more than 300 million application eavesdropping incidents and currently secu...