Lovell Minnick Partners LLC has hired Michael F. Dura as a senior advisor. Previously, Dura worked at Fidelity Investments where he served as an executive vice president of national financial services.
RADNOR, Pennsylvania, January 13, 2015 — Lovell Minnick Partners LLC, an independent private equity firm providing buyout and growth capital to companies in the financial services industry, has retained Michael F. Dura as a Senior Advisor.
As a Senior Advisor, Mr. Dura will assist Lovell Minnick’s investment team in the sourcing, evaluation and due diligence of investment opportunities with a particular focus on broker-dealers, securities processing services and financial technology companies. He also will collaborate with fellow Senior Advisors Dr. Heinz J. Hockmann, a former executive officer at Commerzbank AG in Germany, and Alan F. Warrick, a former Aegon insurance executive, in supporting Lovell Minnick portfolio companies in various board and strategic roles.
Mr. Dura has over 30 years of experience in the financial services industry, with an extensive operating history in securities, financing, and asset management businesses. Most recently, he was an Executive Vice President of National Financial Services, a Fidelity Investments company, after leading the sale of Correspondent Services Corporation, a wholly-owned subsidiary of UBS, to National Financial Services in 2003. Prior to becoming President of Correspondent Services Corporation, Mr. Dura served as Joint Group Managing Director and co-head of the global securities business of Schroder & Co., Inc., with primary operating responsibility for all business lines in the Americas, until the sale of the investment bank to Salomon SmithBarney in 2000.
Mr. Dura is currently a Managing Partner and co-founder of Prex Capital Partners, LLC, a private management firm established in 2004 and specializing in providing advisory services to hedge funds, broker dealers and related financial services firms. Mr. Dura is a member of the board of directors of Keane Holdings Inc., and previously served on the board of First Allied Holdings, both Lovell Minnick portfolio companies. He holds a B.A. in Political Science and Economics from Columbia University and resides with his wife and two children in Albany, NY.
“We have had the privilege of working with Mike for nearly a decade on several opportunities and are very pleased to have Mike formally join us as a senior advisor,” said Jeffrey D. Lovell, Chairman of Lovell Minnick Partners.
About Lovell Minnick Partners LLC
Lovell Minnick Partners LLC is a private equity firm providing buyout and growth capital to companies in the financial services industry. Having raised over $1.2 billion in committed capital, we have provided equity capital for management buyouts, succession and ownership transitions, growth investments, and recapitalizations for over 30 middle-market companies. Portfolio companies of Lovell Minnick operate in various areas of the global financial services industry, such as asset management, financial planning, financial product distribution, specialty finance, insurance and securities brokerage, commercial banking and trust services, and related administration and business services companies and outsource providers in the financial services industry. For more information regarding Lovell Minnick Partners, call 610-995-9660 or visit www.lovellminnick.com.