TowerBrook Capital Partners Appoints Andy Kalbaugh to its Management Advisory Board

TowerBrook Capital Partners L.P. (“TowerBrook”), an international investment management firm, today announced that Andy Kalbaugh has joined the firm’s Management Advisory Board.

Mr. Kalbaugh has over thirty years’ experience in the financial services industry. He is the former Managing Director and Divisional President of National Sales and Consulting at LPL Financial where he was responsible for the long-term growth and retention of financial advisors and institutions. In addition, he led the business and functional strategy for National Sales and Consulting Sales support teams across LPL’s retirement planning services, high-net-worth and private client solutions, financial planning insurance operations, and the Private Trust Company.

“We are very fortunate to welcome Andy to TowerBrook’s Management Advisory Board as we continue building on our efforts to seek attractive and differentiated opportunities in the wealth management space. Mr. Kalbaugh is a recognized leader in the industry with strong relationships developed over his distinguished career. His expertise across the spectrum of financial services will be an asset to the firm,” said Jonathan Bilzin, Co-Chief Executive Officer of TowerBrook. “As we continue to identify new growth areas in and around wealth management channels, I am confident that Andy’s experience will prove invaluable. We are excited that he has joined our Management Advisory Board and look forward to working closely with him.”

Mr. Kalbaugh added, “I am thrilled to have joined TowerBrook’s Management Advisory Board as I have long admired the firm’s focus on partnering with company management to develop and execute their corporate growth strategies. I look forward to supporting that approach by using the relationships I’ve built over my 30-year career to help TowerBrook’s current and future portfolio companies explore strategic options to grow their businesses.”

Before he was managing director at LPL Financial, Kalbaugh served as Executive Vice President, business consulting, for Independent Advisor Services, where he was responsible for supporting 18,000 financial advisors and more than 800 financial institutions. He joined LPL Financial in July 2007 following the acquisition of Mutual Service Corporation (MSC) and served as Chief Executive Officer for MSC as well as for Associated Securities Corporation. Kalbaugh earned a Bachelor of Arts in business and economics from the University of Maryland.

About TowerBrook

TowerBrook Capital Partners is a purpose-driven, transatlantic investment firm that works to grow and improve large and middle-market businesses by partnering with management teams and employees to build excellent companies that make a positive impact on society. Since inception in 2001, TowerBrook has raised a total of $18.7 billion and invested in more than 85 companies on both sides of the Atlantic. TowerBrook operates as a single, unified team of experienced investment professionals focused on unlocking value in complex situations. The firm’s highly synergistic family of funds make control and non-control investments across the capital structure, providing capital and resources to transform the capabilities and prospects of its portfolio companies.

As a disciplined investor with a commitment to fundamental value, TowerBrook seeks to deliver superior, risk-adjusted returns to investors on a consistent and responsible basis. TowerBrook is the first mainstream private equity firm to be certified as a B Corporation. B Corporation certification is administered by the non-profit B Lab organization and is awarded to companies that demonstrate leadership in their commitment to environmental, social and governance (ESG) standards and responsible business practices.

For more information, please visit www.towerbrook.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220426005832/en/