Financial Technology Partners, a fintech-focused investment bank, has named Paul VanderMarck as a managing director. VanderMarck is a former senior executive and ex-head of product and global strategy at Risk Management Solutions.
SAN FRANCISCO, September 25, 2017– Financial Technology Partners (“FT Partners”), the only investment bank focused exclusively on FinTech, announced today that former Senior Executive – and former Head of Product / Global Strategy – at Risk Management Solutions (RMS), Paul VanderMarck, has joined the Firm as a Managing Director. Mr. VanderMarck brings 25 years of deep domain expertise in the InsurTech space having helped build RMS, one of the earliest InsurTech ventures, into one of the most successful firms in the broad and growing InsurTech sector. The addition of Mr. VanderMarck to the FT Partners senior team strengthens the Firm’s deep domain expertise in FinTech and leverages Paul’s extensive experience working with many of the world’s leading insurers, reinsurers and financial institutions, as well as his experience advising companies and investors looking to drive innovation in the InsurTech sector. FT Partners has already established itself as the leader in InsurTech, having executed on the nearly $1.5bn sale of SquareTrade to Allstate earlier this year, in the largest VC-backed InsurTech exit to date.
“FT Partners was founded on the idea that bringing an intense focus on our clients’ business and highlighting their unique value to buyers and investors alike would drive incredible value to founders and shareholders. Adding Paul to our growing team is the logical evolution of that concept as we work hand in hand with our clients to understand their business and help them obtain the best possible outcome,” said Steve McLaughlin, Founder and Chief Executive Officer of FT Partners. “Paul’s incredible depth and knowledge across the InsurTech landscape and his network of relationships will enable FT Partners to continue our focus on advising clients on their most important strategic objectives and we are thrilled to have him as part of our senior team.”
“I am excited to join the impressive team at FT Partners and to leverage my 25 years of operating experience and domain knowledge in InsurTech to further expand FT Partners’ unique role as a strategic advisor to entrepreneurs, incumbents and investors across the FinTech ecosystem. FT Partners has a well-deserved reputation as the leading investment bank in FinTech and we share a view that technology will drive an unprecedented amount of innovation in insurance and financial services over the next decade,” said Paul VanderMarck, Managing Director at FT Partners. “I’m looking forward to working with FT Partners to help our clients accelerate the pace of that innovation.”
About FT Partners
Based in Silicon Valley, Financial Technology Partners (“FT Partners”) is the only investment banking firm focused exclusively on providing top-tier strategic and financial advisory services to FinTech CEOs, founders and investors. The Firm offers CEOs and investors a wide array of strategic advisory services in mission-critical transactions including Private Capital, M&A, IPO Advisory, Debt Advisory, LBOs and Recapitalizations.
FT Partners’ CEO, Founder and Managing Partner, Steve McLaughlin, was formerly a senior investment banker in GoldmanSachs & Co.’s FinTech Group and Financial Institutions Group in San Francisco before leaving the firm to form FT Partners in late 2001. With offices in San Francisco, New York and London, FT Partners is comprised of a team of experienced investment bankers formerly with the financial technology, M&A and investment banking groups of Goldman Sachs, Citi, JP Morgan, Morgan Stanley. With clients in the U.S., Canada, Hong Kong / China, United Kingdom, Portugal, Germany, Argentina, Brazil, India and Australia, FT Partners continues to be called upon by clients to expand its footprint and scale on a global basis.