Lovell Minnick Partners, an independent private equity firm providing buyout and growth capital to companies in the financial services industry, has appointed David B.
Lovell Minnick Partners, an independent private equity firm providing buyout and growth capital to companies in the financial services industry, has appointed David B. Scott as senior associate in the firm’s El Segundo, California office.
Scott joins the 13 person investment team which evaluates new investment opportunities in the financial services industry for Lovell Minnick Partners, which has offices in the Los Angeles and Philadelphia areas.
Scott will provide advice and support to existing portfolio companies and will assist in managing the firm’s private equity partnerships totalling over USD700m. He will report to California-based managing directors Jeffrey D. Lovell and Robert M. Belke.
Scott was previously employed as an associate with Berkshire Capital Securities, a boutique investment bank recognised for its focus in the financial services industry. While at Berkshire Capital, he advised clients on mergers and acquisitions involving investment management firms, mutual fund companies and securities brokers.
Prior to Berkshire Capital,he served as a product manager at Strategic Insight, a provider of mutual fund and variable annuity database products used for competitive analysis and strategic planning by major financial institutions.
‘David is an outstanding addition to our firm given his background as an investment banker in asset management and an earlier role as a product manager in related information services,’ says Lovell.
Lovell Minnick Partners is currently investing Lovell Minnick Equity Partners III. This partnership is focused on investments in the North American market in various financial segments, including asset management, financial planning, financial product distribution, specialty finance, securities brokerage, banking, outsourcing providers and related companies specialising in administration and business services.
