Our team

Ours is a deeply talented team, committed to leveraging their expertise to the benefit of our stakeholders. Our Senior Advisors, each of whom possesses a wealth of industry knowledge, are a key complement to our dedicated staff.

Senior Advisors

Joan A. Binstock

Senior Advisor

Joan A. Binstock

Senior Advisor

Joan A. Binstock, CPA, was named a Senior Advisor to LMP in 2018. As an independent consultant, Ms. Binstock works closely with LMP’s investment professionals assisting in deal sourcing, evaluation and due diligence, advising on financial, strategic and operational risk management practices.

Ms. Binstock has a distinguished record of leadership in the financial services industry, most recently as the Chief Financial Officer of Lord Abbett & Co, where she established and chaired the firm’s audit committee. Ms. Binstock joined Lord Abbett in 1999 as the Chief Operations Officer and was soon asked to join the Partnership and take on the additional responsibilities of the Chief Financial Officer. She, along with the senior leadership team, transformed the firm from a US focused, retail-based asset management firm with $30 billion under management into a global firm with deep product breadth, broad distribution, robust risk management and over $160 billion in assets.

Her board role on SimCorp, an investment management solutions technology company, and lead director roles for not-for-profit boards have provided her a deep understanding of the governance and fiduciary responsibilities of a board/audit committee member. Ms. Binstock is a member of the National Association of Corporate Directors.

Ms. Binstock started her career at PWC in the financial services sector. After several years, she left for Goldman Sachs, one of her audit clients. She’s had broad exposure to the capital markets, on the origination or sell side and the buy side, with involvement in capital raising and post-merger restructuring. She has also worked on corporate actions, workouts and valuation issues related to restructurings and bankruptcies.

Because of Ms. Binstock’s operating company experience in the financial services industry, in addition to her duties on behalf of LMP, she may from time to time serve as an independent portfolio company board or management member.

Ms. Binstock earned her M.B.A. from the NYU Stern School of Business and her B.A. in Mathematics from the State University of New York at Binghamton.

Ronald D. Cordes

Senior Advisor

Ronald D. Cordes

Senior Advisor

Ron D. Cordes was named a Senior Advisor to LMP in 2018. As an independent consultant, Mr. Cordes works closely with LMP’s investment professionals assisting in deal sourcing, evaluation and due diligence, with a particular focus in both the managed account platform space and the SRI/ESG asset management market.

Mr. Cordes has over 35 years of experience in financial services and wealth management, including leadership, M&A, strategic planning, business development and board experience.

Mr. Cordes was co-founder, CEO (1996-2009) and Executive Co-Chairman (2009-2016) of AssetMark, a leading U.S. managed account platform with more than $50 billion of assets and a former portfolio company of LMP. He co-authored “The Art of Investing” published by McGraw Hill, and was an Ernst & Young Entrepreneur of the Year in 2005.

Since co-founding the Cordes Foundation in 2006, Mr Cordes has focused on social entrepreneurship, ESG and impact investing. He currently serves on the boards of MicroVest Capital Management, Align Impact, ImpactAssets, and the Social Impact Lab at Lynn University. He is also a frequent keynote speaker at universities and investment industry events, and his work has been profiled in publications including the New York Times, Barron’s, FastCompany, Financial Times, Forbes and FORTUNE.

Because of Mr. Cordes operating company experience in the financial services industry, in addition to his activities for LMP, he may from time to time serve as an independent portfolio company board or management member. Mr. Cordes earned his B.S. in Business Administration from the University of California, Berkeley.

Michael F. Dura

Senior Advisor

Michael F. Dura

Senior Advisor

Michael F. Dura was named a Senior Advisor to LMP in 2015. As an independent consultant to LMP, Mr. Dura works closely with LMP’s investment professionals assisting in deal sourcing, evaluation and due diligence, advising on portfolio company operations and with respect to general conditions in the industries in which LMP invests. In particular, he advises on broker-dealer, securities processing services and financial technology opportunities.

Mr. Dura has over 30 years of experience in the financial services industry, with an extensive operating history in the 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.

Because of Mr. Dura’s operating company experience in the financial services industry, in addition to his duties on behalf of LMP, he may from time to time serve as an independent portfolio company board or management member. Mr. Dura is a member of the board of directors of Keane Holdings Inc. He holds a B.A. in Political Science and Economics from Columbia University and resides with his wife and two children in Albany, NY.

Heinz J. Hockmann, Ph.D.

Senior Advisor

Heinz J. Hockmann, Ph.D.

Senior Advisor

Dr. Heinz J. Hockmann was named a Senior Advisor to LMP in 2012. As an independent consultant to LMP, Dr. Hockmann works closely with LMP’s investment professionals and assists in deal sourcing, investment evaluation and due diligence, and also advises LMP on European and international asset management opportunities.

Dr. Hockmann was an executive officer at Commerzbank AG in Germany for nearly twenty years and was a Member of the Management Board of the Bank with responsibilities for asset management, private banking and investment banking. Earlier in his career at Commerzbank, he founded its asset management business for international institutional clients and built the bank’s global asset management platform. After his tenure at Commerzbank, through 2005, he led the restructuring of Westfalenbank AG, a bank focused on mid-size companies, asset management and private banking. He then joined Fortis Investments and developed its asset management business in Germany, Austria and Eastern Europe.

In 2008, Dr. Hockmann co-founded Silk Invest, an investment management company headquartered in London and specialized in frontier markets with offices in various African and Middle Eastern countries. He serves on the Board of Silk Invest as well as the boards of several German companies in the financial services sector including WWK, a major German insurance company. Because of Dr. Hockmann’s operating company experience, in addition to his activities on behalf of LMP, he may from time to time serve as a portfolio company director. Dr. Hockmann holds a master’s degree from Bochum University where he also received his Ph.D. in 1983. He is a lecturer for Investment Banking and Commercial Banking at the Justus-Liebig University in Giessen.

Joseph M. Velli

Senior Advisor

Joseph M. Velli

Senior Advisor

Joseph M. Velli was named a Senior Advisor to LMP in 2016. As an independent consultant, Mr. Velli works closely with LMP’s investment professionals assisting in deal sourcing, evaluation and due diligence. In particular, he advises on asset management, custody & related services, bank divestitures, transaction processing and tech enabled businesses opportunities.

Mr. Velli has over 30 years of experience in the financial services and transaction processing industries, with extensive leadership, operating, M&A, strategic planning, business development and board experience.

For most of his career, Mr. Velli served as a Senior Executive Vice President of The Bank of New York and as a member of the Bank’s Senior Policy Committee. During his 22-year tenure with the Bank, Mr. Velli’s responsibilities included heading Global Issuer Services, UIT and ETF Services, Global Custody and related Investor Services, Global Liquidity Services, Pension and 401k Services, Consumer and Retail Banking, RIA and Mutual Fund Services (Lockwood), Correspondent Clearing (Pershing), Brokerage Services and Payment Services. Mr. Velli also formed and headed the Bank’s Global Marketing and Sales Sector. Most recently, he served as the Chairman and Chief Executive Officer of Convergex Group, a global provider of execution, software and technology services.

Mr. Velli currently serves on the Public Boards of Computershare Limited and Paychex, Inc. and is a member of the Board of Trustees at William Paterson University. He serves on various board committees and currently chairs Paychex’s Corporate Development (M&A) Committee and Computershare’s Remuneration Committee. Mr. Velli also served on the Public Boards of E*TRADE Financial Corporation and American Management Systems, Inc. Currently, he is a member of the board of directors of Foreside Financial Group LLC. Because of Mr. Velli’s operating company experience in the financial services and transaction processing industries, in addition to his activities for LMP, he may from time to time serve as an independent portfolio company board or management member.

He earned his M.B.A from Fairleigh Dickinson University and his B.A. in Accounting from the William Paterson University.

Alan F. Warrick

Senior Advisor

Alan F. Warrick

Senior Advisor

Alan F. Warrick was named a Senior Advisor to LMP in 2010. As an independent consultant to LMP, Mr. Warrick works closely with LMP’s investment professionals assisting in deal sourcing, evaluation and due diligence, advising on portfolio company operations and general conditions in the industries in which LMP invests. In addition, he advises on corporate strategies in financial product distribution segment.

He has over 30 years of experience in the financial services industry and he recently retired as a Managing Director for Strategic Business Development with AEGON USA. He was formerly the President and Chief Executive Officer of Transamerica Worksite Marketing, a member of the AEGON Group and also served as Managing Director of Corporate Investment and Insurance Services at AEGON. During his 15 year tenure with AEGON, some of Mr. Warrick’s accomplishments include the establishment of distribution relationships with major national and regional securities brokerage firms, the introduction of AEGON’s insurance products in the Chinese market, and the expansion of AEGON’s employee benefit programs to major mid-market and Fortune 500 companies. Prior to his tenure with AEGON, Mr. Warrick served in various executive positions with Merrill Lynch. Because of Mr. Warrick’s operating company experience in the financial services industry, in addition to his activities on behalf of LMP, he may from time to time serve as a portfolio company board or management member.

Mr. Warrick is currently a member of the Board of Directors of Transamerica Asset Management Group. He holds a B.A. in economics from the University of Arkansas.

Disclaimer

Lovell Minnick Partners and certain of its sponsored general partners are registered with the Securities and Exchange Commission as investment advisers under the Investment Advisers Act of 1940, as amended. The information provided on this website, including any information regarding Lovell Minnick’s current and historical portfolio investments, is not intended to recommend any investment described herein and is not an offer or sale of any security or investment product or investment advice. Past performance is not a guarantee of future results, and it should not be assumed that results for current and historical portfolio investments will be achieved for other investments. Representative investments are not to be considered a complete list of all investments made in the past, or currently held, by Lovell Minnick funds.

Lovell Minnick provides investment advisory services only to the privately offered Lovell Minnick funds. Lovell Minnick does not solicit or make its services available to the public or other advisory clients.

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User Agreement

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