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The 2015 Fintech Finance 35: Jeffrey Greenberg and Vincenzo La Ruffa, Aquiline Capital Partners

No. 29

Jeffrey Greenberg & Vincenzo La Ruffa
Chairman and Chief Executive Officer
& Partner
Aquiline Capital Partners

Insurance industry veteran Jeffrey Greenberg believes that technology growth across the economy is having a profound effect on financial services. “Technology is causing companies to think very differently about how they acquire customers, how they interact with them, how they manage themselves, how they underwrite risk, what they retain in-house, what they outsource,” says the 64-year-old chairman and CEO of Aquiline Capital Partners. “The effect is more than just solving a set of problems. For the most-thoughtful companies, it’s really redesigning how they think about their businesses.” Greenberg founded the New York–based private equity firm a decade ago after resigning as CEO of insurance brokerage giant Marsh & McLennan Cos. amid a bid-rigging investigation by then–New York State attorney general Eliot Spitzer. (Marsh later paid $850 million to settle civil charges.) Known primarily for its activity in the insurance, banking and asset management sectors, Aquiline made its first fintech investment in 2009, in hedge fund administrator HedgeServ Holdings, which has grown to more than $300 billion in assets under administration thanks in part to cutting-edge technology. Last year Aquiline brought in Vincenzo La Ruffa from Pennsylvania-based investment firm Susquehanna Growth Equity to head its fintech effort. His team collaborates closely with Aquiline’s industry teams in sourcing investments, performing due diligence and working with companies after the firm has invested. “This is an industry where chatter and know-how, on not just what deals are getting done in the market but what portfolio companies are experiencing, are extraordinarily powerful,” says La Ruffa, 35, who has bachelor’s degrees in classics and economics from the University of Pennsylvania and began his career in the M&A group at Deutsche Bank. Four 2015 investments make this Aquiline’s most active year in fintech; they include Dublin-based Fenergo Group, which produces software that helps banks on-board clients and counterparties, and Virtus Partners, a Houston company providing middle- and back-office solutions for credit hedge funds.

The 2015 Fintech Finance 35

1. James Robinson III
& James Robinson IV
RRE Ventures
2. Jane Gladstone
Evercore Partners
3. Matthew Harris
Bain Capital Ventures
4. Steven McLaughlin
Financial Technology Partners
5. Jonathan Korngold
General Atlantic
6. Richard Garman &
Brad Bernstein
FTV Capital
7. Amy Nauiokas & Sean Park
Anthemis Group
8. Thomas Jessop
Goldman Sachs Group
9. Meyer (Micky) Malka
Ribbit Capital
10. Hans Morris
Nyca Partners
11. Maria Gotsch
Partnership Fund for New York City
12. Marc Andreessen
Andreessen Horowitz
13. Barry Silbert
Digital Currency Group
14. Jay Reinemann
Banco Bilbao Vizcaya Argentaria
15. Mariano Belinky
Santander InnoVentures
16. François Robinet
AXA Strategic Ventures
17. Vanessa Colella
Citi Ventures
18. Alan Freudenstein & Gregory Grimaldi
Credit Suisse
19. Justin Brownhill & Neil DeSena
SenaHill Partners
20. Rodger Voorhies
Bill & Melinda Gates Foundation
21. Michael Schlein
Accion International
22. Kenneth Marlin
Marlin & Associates
23. Rumi Morales
CME Ventures
24. Mark Beeston
Illuminate Financial Management
25. Vladislav Solodkiy
26. Fabian Vandenreydt
Innotribe SWIFT
27. Derek White
28. Alex Batlin
29. Jeffrey Greenberg
& Vincenzo
La Ruffa
Aquiline Capital Partners
30. P. Howard Edelstein
REDI Holdings
31. Nektarios Liolios
Startupbootcamp FinTech
32. Roy Bahat
Bloomberg Beta
33. Andrew McCormack
Valar Ventures
34. Lawrence Wintermeyer
Innovate Finance
35. Janos Barberis
FinTech Hong Kong

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