Clayton, Dubilier & Rice appointed David Winokur, an experienced financial services investor, as a partner at the firm. In his new role, Winokur will build the newly created financial services vertical and be engaged in sourcing and evaluating investments across the insurance, wealth and retirement services, banking and credit and fintech sectors.
Previously, Winokur was a managing director at TowerBrook Capital Partners, where he led the firm’s efforts in financial services. At TowerBrook, Winokur helped to establish and develop its financial services strategy having sourced and led numerous investments within financial services and playing a key role in recruitment and talent development. Earlier in his career, he was an investment professional at Aquiline Capital Partners and an analyst in the financial institutions group at BlackRock.
“We are pleased to welcome David to the team to lead our new financial services vertical which represents a natural extension of our recent financial services investment activity, including Tranzact, Capco and Vialto,” Rick Schnall, co-president of Clayton, Dubilier & Rice, said. “Financial services is an exciting industry undergoing significant reshaping driven by the convergence of regulatory and technology change. We believe David’s deep experience leading transactions across the financial services sector and his broad industry network will be a great asset as we launch the vertical.”
“I’m thrilled to be joining CD&R, a firm with a strong reputation for creating partnership transactions with founders, families and corporate owners, and providing strategic capital to help businesses grow. Financial services is a specialist sector and the deliberate approach we will take to build the industry vertical will be consistent with CD&R’s model of marrying deep industry expertise with significant operating capabilities. The opportunity to work with a talented group of investment professionals and impressive bench of proven business builders makes CD&R increasingly differentiated in the private investment world,” Winokur said.
