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Company recruits for executive jobs in Boston

Posted on September 24, 2011

A company that specializes in property said this week it has secured a key hire for executive jobs in Boston.

Unclaimed Property Recovery and Reporting LLC, (UPRR), a leader in the unclaimed property market since 1996 specializing in owner location, asset delivery, escheat compliance, and risk management in the investment industry, announced today the appointment of William King to Vice President and the hiring of David Cary as Senior Consultant. The pair will oversee UPRR’s recently-announced Oil & Gas Royalties Programs.

King is responsible for research, development, and various legal matters in the Oil & Gas Program. A native of Texas, King began his career in the litigation departments of Steptoe and Johnson, LLP in Washington, D.C., and Phelps Dunbar, LLP in New Orleans. He is a graduate of George Washington University and will receive his J.D. from Suffolk University Law School in 2011, where he is a note editor for the Suffolk University Law Review and a member of Phi Delta Phi legal fraternity. King will work in UPRR’s Boston office.

Based in Dallas, Cary will oversee sales and account management in the Oil & Gas Programs. According to a news release, he has experience serving clients in the oil and gas and financial services industries through management positions at American Stock Transfer and Trust Company, BNY Mellon Shareholder Services, and NationsBank, N.A. Prior to these executive assignments, Cary served as a corporate trust account manager and registered bond specialist.

Both join UPRR’s already experienced and team of unclaimed property professionals.

“We see tremendous opportunities for our clients in the oil and gas industry, and believe that Will and David are the right people to lead this growth,” said UPRR Co-Founder and President Robert Irvine. “Both bring tremendous skills and knowledge of unclaimed property and the oil and gas industry to our team and it’s a great pleasure to welcome them to the company.”

Oil and gas companies have a continuing need to maintain contact with mineral interest owners in order to, among other things, effectuate leases, purchase interests, circulate division orders, and disburse royalty payments. When interest owners go missing or become lost, they present a special challenge to those tasked with locating them. These problems of owner location are amplified when it is heirs or next-of-kin that must be sought out because an original owner is deceased.

For years, UPRR has employed proprietary technologies, including its Next-of-Kin(R) Database — the most efficient and powerful search tool in the industry — to locate lost owners and their heirs in varying contexts. Now, UPRR has specifically tailored these resources to create its Royalty Owner Location Service (ROLS) to be employed by oil and gas companies to relieve the burden and challenges that owner location and unclaimed property pose. With UPRR’s introduction to this space, oil and gas companies will now have breakthrough tools available to locate potential lessees and ensure royalty payments avoid suspense. UPRR also has the resources to work actively with owners to collect any required documents to release assets that may be held in suspense and for other company needs.