Lovell Minnick Partners (“LMP”), a private equity firm focused on investments in financial services, business services, and financial technology companies, today announced the appointment of Philip Vasan to the firm’s Advisory Council. With nearly 30 years of experience across investment strategies, Philip brings a plethora of knowledge across financial technology, asset management, equities, derivatives, portfolio management and private banking.

Philip has spent the last nine years at BlackRock, where he served as a Managing Director, Head of BlackRock Hedge Funds, Global Co-Head of Fundamental Equities, and Deputy Head of the Portfolio Management Group. He also was a member of the firm’s Global Operating Committee and GEC Investment Sub-Committee. Prior to this, he led Global Lending, Liquidity, Financing and Balance Sheet, and before that led Investments and Portfolio Solutions for BlackRock U.S. Wealth Advisory.

Before joining BlackRock in 2016, Philip held global leadership roles at Credit Suisse, including CEO of Private Banking in the Americas; Head of Equity Derivatives; Head of Prime Services, where he enabled the first multi-prime broker capability widely adopted by hedge funds; and Global Foreign Exchange, where he jointly launched the market’s first online trading platform for clients, FXall, which was later bought by Thomson Reuters. He holds a B.A. with High Honors from Oberlin College, and a Ph.D. in Economics from Harvard University, where he was also named best Teaching Fellow in the University.

“Phil has an unparalleled legacy and track record in the investment community, and we’re pleased to welcome him into LMP’s network in an official capacity,” said Steve Pierson, Managing Partner at LMP. “Having worked closely with Phil for a number of years at Credit Suisse, I am confident he will be a valuable asset to our Advisory Council, bringing strategic insights to our portfolio companies and meaningful contributions to the overall firm, all while fostering a collaborative culture.”

“We’re excited to welcome Phil, whose unique combination of strategic insight and financial expertise will be a tremendous asset to our team,” said Brad Armstrong, Partner at LMP. “As we continue to scale our presence in capital markets and business services, his leadership will be instrumental in our growth.”

About LMP

Lovell Minnick Partners is a private equity firm with an over 25-year track record of partnering with growth-oriented companies. LMP leverages deep sector experience and a broad network of strategic advisors to help founders scale their companies at an accelerated pace. The firm collaborates with management teams seeking to achieve long-term success and value creation through organic growth and strategic acquisitions. Since inception in 1999, LMP has raised over $5 billion of committed capital, invested in more than 50 unique platform companies and completed over 200 add-on acquisitions. LMP targets growth-oriented, middle-market companies with a particular focus on companies in the financial services, business services and financial technology sectors.

LMP’s Advisory Council members are independent contractors that serve as advisors to the firm as well as its funds and their portfolio companies and receive compensation for such services from LMP and its affiliates, which has the potential to influence statements made by them.

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