November 8, 2010
Frank Filipps and William Jacobs have joined LLR as part of its newly formed Financial Services Advisory Board. Created to supplement LLR’s financial services investment team, the Advisory Board is composed of seasoned executives who have deep exposure to and expertise in multiple niches of the financial services arena. These new team members will provide LLR with an expanded network and a richer strategic perspective.
Frank P. Filipps
Frank Filipps’ area of expertise is in specialty finance, credit and risk management, mortgage insurance, and capital markets. He most recently served as Chairman and CEO of Clayton Holdings, Inc. (formerly NASDAQ: CLAY), an information services and analytics company that provides credit and risk management products primarily to the mortgage industry. Previously, Filipps was Chairman and CEO of Radian Group Inc. (NYSE: RDN), which provides private mortgage insurance coverage on residential mortgage loans and financial guaranty insurance on debt instruments. Before joining Radian Group, Filipps was at American International Group where he served as President and CEO of AIG Capital Corp.
Filipps is a director of Impac Mortgage Holdings, Inc. (AMEX: IMH) and Primus Guaranty, Ltd. (NYSE: PRS).
William I. Jacobs
William Jacobs specializes in financial technology, payments, insurance, collections, and capital markets. Prior to his appointment, he served as Chief Operating Officer of MasterCard (NYSE: MA), and was responsible for developing new business ventures to service a wider range of member needs. Before joining MasterCard, Jacobs co-founded Financial Security Assurance Inc. (FSA), one of the world’s largest bond insurance companies. He served as COO, managing all staff functions, including finance, policy, administration, investment management and legal.
Jacobs is the Lead Director of Global Payments (NYSE: GPN) and is also Chair of the Audit Committee of Asset Acceptance Capital Corporation (NASDAQ: AACC).