Financial Technology Partners ('FT Partners') Expands Senior Investment Banking Team with the Addition of Larry Furlong as Managing Director and Adam Harrington as Vice President


Mar 22, 2010, 07:00 ET from Financial Technology Partners LP

SAN FRANCISCO, March 22 /PRNewswire/ -- Financial Technology Partners LP ("FT Partners") is pleased to announce the expansion of its senior Investment Banking team with the recent addition of two senior bankers, Larry Furlong and Adam Harrington, who bring to the firm more than 25 years of combined banking and finance experience, most recently with Goldman Sachs and Banc of America Securities, respectively.  Separately, FT Partners announced that Miguel Uria, who has been with the firm for more than 8 years, has been recently promoted to Director; and Tim Wolfe, who joined FT Partners from Goldman Sachs in 2002, has since graduated from Harvard's MBA Program and has been promoted to Vice President.

Larry Furlong joins the FT Partners Investment Banking team as a Managing Director and will be responsible for deal origination and execution in all areas of the business.  Mr. Furlong was formerly a senior banker in Goldman Sachs' Financial Institutions Group in New York, London and Los Angeles.  He brings over a decade of senior deal-making and operating experience to the firm and further expands its world-class advisory capabilities. Prior to joining Goldman Sachs, Mr. Furlong graduated at the top of his class from the Wharton Business School, where he was named Palmer Scholar.  "FT Partners has built one of the best, most trusted brands in the boutique investment banking space and is the go-to firm for financial technology," said Mr. Furlong.  "I have known Steve McLaughlin and some of the other team members for close to 20 years and I look forward to helping this strong team continue its history of delivering top results for its clients."  

Adam Harrington joins the FT Partners Investment Banking team as a Vice President. Mr. Harrington was previously with Banc of America Securities, where he was Vice President in the Technology Investment Banking Group and worked on a wide range of financing and advisory assignments.  Mr. Harrington earned his MBA from Wake Forest University.  "I am delighted to have joined a firm with a remarkable track record of successfully executing transactions for marquee companies in the financial technology industry," said Mr. Harrington. "In an environment where many investment banks are contracting, I am very excited to be part of a growing platform built on delivering unparalleled results for its clients."

"This is an exciting time for FT Partners and we are pleased to bring both Larry and Adam onto our winning team," said Steve McLaughlin, Founder and Managing Partner of FT Partners.  "Their combined financial services and technology experience adds significant senior depth to the strong FT Partners bench at a time when we see our business and the markets picking up steam."

McLaughlin added, "With three of our senior team members being long-time, close-knit Goldman Sachs alumni, and other senior members bringing a wealth of experience from firms such as Credit Suisse and Banc of America Securities, the firm is having its best year ever and is in its strongest position to date as we enter our 9th year in business."

About Financial Technology Partners LP and FTP Securities LLC

FT Partners is the only investment banking firm focused exclusively on providing strategic and financial advisory services to CEOs in the dynamic financial services and technology sector.  The firm offers strategic advisory services in mission-critical transactions including mergers, acquisitions, IPOs, LBOs, refinancings, recapitalizations and private capital raisings.  FT Partners' Managing Partner, Steve McLaughlin, formerly was a senior investment banker in Goldman, Sachs & Co.'s Financial Technology Group and was the senior investment banker in the Financial Institutions Group in San Francisco before leaving the firm to form FT Partners in late 2001.  San Francisco-based 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, Credit Suisse and Banc of America Securities.  FT Partners and Steve McLaughlin were recognized in 2009 by The M&A Advisor as "Dealmaker of the Year." The firm has also been recognized as "Investment Banking Firm of the Year" in 2004 and again in 2006 for "Boutique Investment Banking Firm of the Year." Steve McLaughlin was also named in 2006, 2007 and again in 2008 to Institutional Investor's "Online Finance 40" ranking of most influential leaders in online finance. Any securities related transactions contemplated by or acted upon hereunder are conducted by FTP Securities LLC, a FINRA broker-dealer and a wholly owned subsidiary of Financial Technology Partners LP.

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SOURCE Financial Technology Partners LP