Lovell Minnick Partners Promotes Brad Armstrong to Principal in Philadelphia Office

RADNOR, Pa.--(BUSINESS WIRE)--Lovell Minnick Partners LLC, an independent private equity firm providing buyout and growth capital to companies in the financial services industry, is pleased to announce the promotion of W. Bradford Armstrong to Principal.

“Brad has been involved in the execution of many new investments since he joined us in 2009”

Mr. Armstrong joined Lovell Minnick in 2009 from Bank of America Merrill Lynch’s Financial Institutions Group, where he was an Investment Banking Associate focused on transactions involving commercial and trust banks, asset managers and financial technology companies. Previously, Mr. Armstrong was an Assistant Vice President in Bank of America’s Finance Group, where he was responsible for managing the financial reporting and budgeting for the bank’s global call center operations. Brad began his career in a strategic development group within Wachovia Corporation, now part of Wells Fargo Corporation.

Mr. Armstrong received an MBA in Finance from the Kellogg School of Management at Northwestern University and a Bachelor of Science in Business Administration from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.

“Brad has been involved in the execution of many new investments since he joined us in 2009,” said Jim Minnick, Managing Director. “He has proven to be a highly valuable member of our team, and his promotion to Principal is well-deserved.” Mr. Armstrong will be joining the Boards of Directors of First Allied Holdings, Inc. and Commercial Credit Group, Inc. as a result of his promotion.

About Lovell Minnick Partners

Lovell Minnick Partners LLC is an independent private equity firm providing buyout and growth capital to companies in the financial services industry. From offices in the Los Angeles and Philadelphia areas, Lovell Minnick manages private equity partnerships with committed capital totaling over $850 million. Portfolio companies of Lovell Minnick operate in various areas of the global financial services industry, including asset management, banking, specialty finance, financial product distribution, securities brokerage, financial consulting services, and specialized outsourcing solutions. For more information regarding Lovell Minnick Partners, visit www.LovellMinnick.com.