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Investment Banker to Lend Strategic Insight to Take
Innovative Technology Company to New Heights
New York City — (January 12, 2010) – The Frayman Group, a leading provider of risk management software and services for law firms, today announced that Needham & Company, LLC Chairman Andrew Malik has joined The Frayman Group’s Board of Directors. The Frayman Group is redefining the new business intake process for law firms through Compliguard, a comprehensive end-to-end risk management software suite.
“The visionary approach that The Frayman Group is taking in developing disruptive technologies for law firms is exciting,” Malik said. “The Company is building an intelligent platform to help law firms grow their business strategically, while simultaneously managing risk on a global scale. This game-changing approach is a huge leap forward and showcases the company’s understanding of technology-fueled business expansions — reminiscent of the financial services sector a decade ago, but with lessons learned.”
Malik has worked on more than 1,000 equity, debt and M&A transactions throughout his career. He is currently the Chairman of Needham & Company, LLC, a privately-held, full-service investment bank. Prior to Needham, Malik spent 21 years at Lehman Brothers, where he was a Partner and subsequently a Managing Director. During his Lehman tenure, Malik served as Head of Technology Capital Markets and Head of the Banking Development Group. Prior to Lehman Brothers, Malik ran Capital Markets and Institutional Sales for C.E. Unterberg, Towbin (which became L.F. Rothschild, Unterberg, Towbin) for more than a decade. Earlier in his career, he was a security analyst with Josephthal & Co. and a Partner in charge of Institutional Sales with Muriel Siebert &Co. Malik has served on the Board of Directors of several technology companies and venture firms, including a number of years as Chairman of the Audit Committee of Hummingbird, and he has lectured extensively on financial industry and venture capital-related topics.
“We’re very excited to have Andrew Malik join our Board of Directors,” said Yuri Frayman, CEO, The Frayman Group. “Malik brings a wealth of business expertise and strategic contacts that will help us to guide our efforts and build our business up on a global scale.”
For more information about The Frayman Group or the Compliguard end-to-end risk management suite, which includes software for new business intake, collaborative mobile conflicts clearing, conflicts management, lateral intake, and information barriers and ethical walls, visit
About The Frayman Group
The Frayman Group, a leading provider of software and services for law firms, combines industry expertise with innovative technology to help customers automate business processes, mitigate risk, manage compliance and improve competitiveness. The Frayman Group brings 18 years of experience supporting 150,000 lawyers in over 270 law firms worldwide. For more information, visit fraymangroup.com.
