ParkLexington was founded by industry veterans with a vision to help funds deliver the highest returns to plan participants, investors and plan sponsors. We focus on reducing the cost of doing business by decreasing transaction and service provider fees. From prime broker debit rates to custodian sub-custody, equity commissions to repatriation and foreign exchange, shareholder report printing to daily fund accounting, we have the experience in analyzing fees and services to develop collaborative strategies to ultimately reduce fund expenses while enhancing your critical third party relationships.

Meet our team

John Detweiler Partner

With over 20 years of sourcing, consulting and financial services experience, John has a proven track record in financial operations and fund expense management, structuring and restructuring fund engagements with custodians, fund accounting agents, fund administrators, brokers, foreign exchange, transfer agents, intermediaries, cash managers, futures commissions merchants, technology services, outsourcing providers and other fund service providers. John’s focus is on helping financial firms significantly reduce expenses, streamline operations and service provider relationships resulting in tangible improvements in expenses and returns, service levels, accuracy and operations. John is a founding partner of ParkLexington and leads the Investment Management & Pension Practice.

John served as Managing Director of Sourcing and Vendor Management for BlackRock, with responsibility for over $1 Billion in global expenses. Prior to that, John was the Chief Procurement Officer at AllianceBernstein with complete responsibility for global sourcing, procurement, vendor risk, supplier management and category management while overseeing $750 million in general and fund related expenses. Before his CPO position, he was a founder and partner of the first iteration of ParkLexington, a strategic sourcing consultancy for financial services clients including AllianceBernstein, Lehman Brothers, Morgan Stanley, Westwater, Coqui Capital and the NJTP. John has also served as an expense manager for AXA Financial covering general and financial operation expenses.

John has been engaged by premier institutions and fund complexes to perform financial and supplier analysis, benchmark terms and fees, conduct negotiations, implement cost savings measures and manage the overall sourcing and provider relationship program. In that capacity, John has led cross functional teams including top executives to benchmark, evaluate and negotiate deals across fund services, technology and general expenses. His experience, business acumen, and innovative solutions have achieved millions in savings for his clients.

John has an MBA in Finance from New York University and a B.S. in Marketing and Business Law from The Pennsylvania State University. John currently serves on the Board of Trustees at Springside Chestnut Hill Academy and Chairs the Endowment Investment Committee.

John is a founding partner of ParkLexington and leads the Fund Expense Management Practice.

Eric Traugott Director

During his 13+ years in financial services, Eric has gained extensive industry knowledge and has repeatedly proven to successfully execute a wide variety of initiatives.  He has lead tactical and strategic projects crossing front, middle, and back office teams resulting in reduced client and operational costs, reduced market and operational risk, and increased revenue, growth and efficiency opportunities.  Eric delivers high quality results coupled with superior client service.

As the lead for ParkLexington’s Investment Management Consulting Practice, Eric has managed numerous engagements including new IM setups, divestitures, operational due diligence on potential acquisitions and existing managers, middle office outsourcing, and process improvement implementations.  Beyond just project management, Eric provides strategic guidance on Operations by sharing the expertise and insight he has gained working with dozens of investment managers.

Prior to ParkLexington, Eric worked in the Investment Manager Services (IMS) department at State Street Corporation providing business and project management support on investment management operations outsourcing including deals for Morgan Stanley Investment Management, AllianceBernstein, and Lazard Asset Management.  Prior to State Street, Eric worked as a Project Manager at AllianceBernstein, where he led several initiatives including a complete redesign of the Listed Futures support model, the design and implementation of an end-to-end model to start trading Listed Options, the design and implementation of a process allowing AB to hedge their Mutual Fund seed investments, and the completion of a business case and financial model resulting in the re-launch of AB’s stock loan business.

Eric has an MBA in Financial Management from Iona College and a B.A. in Mathematics from Providence College.  Eric currently serves on the Board of Directors for Child Guidance Resource Centers.

Vince Norpel Partner

Vince is a strategic capital and expense management executive with results exceeding $200MM in sourcing a related optimization.  Vince has over 20 years of consulting and industry experience creating, managing and executing plans to deliver high- impact results in a rapid timeframe.

During his career, Vince has been a trusted advisor to senior management with a proven track record of effectively leading teams to deliver tangible improvements to company profitability and earnings.  Vince is a high energy individual with excellent organizational, analytical, and management skills; strategic thinker with ability to think “out of the box” in developing solutions to complex problems.

Early in his career, Vince was a Director with a Philadelphia-area boutique consultancy, and played a critical role in helping to build a five person firm into an organization of 50 consultants.  This organization eventually became ICG Commerce (now Procurian), the industry leader in outsourced sourcing services.  In 2001, Vince started NorthSource, a strategic sourcing and expense management services firm.  In a ten year period, NorthSource delivered >$100MM in cost savings to its client organizations, including work with a number of Fortune 100 corporations.

Vince graduated with a B.B.A., Finance from Temple University, Summa Cum Laude, and received the Fox School of Business Management Finance Award, given to the candidate with the highest overall G.P.A. within the finance major.

Scott Palmer Director

With over 20 years of experience in the world of finance, private and public equity, Scott has extensive industry knowledge with financial services covering asset management, brokerage, banking and insurance for retail, intermediary and institutional channels at both domestic and global firms. He brings a unique perspective to the firm with a combination of analytical as well as business development prowess. With a proven track record in directing complex projects, developing strategies and collaborating with and motivating high performance teams to advance key initiatives of investment firms, he is an expert in understanding what makes our clients successful. Scott consistently surpasses business goals, improves outreach and drives profitability.

Scott brings a diverse skill set to ParkLexington gained from his rich professional experiences. Scott’s first step in the finance world was as a wholesaler for Delaware Investments, then later SEI. He then translated his skills to institutional equity research sales at UBS. At Triumph Group, Scott served as project manager honing his ability to develop relationships and lead a team to project completion. Compiling his layers of experiences, Scott created SHP Consulting, advising a select group of clients on business management and development.

When Scott’s not hard at work, his passion is spending time with his family, platform tennis, and golf. Many weekends you will find him on the sidelines of his sons’ sports games cheering or coaching.

Scott attended the Charles H. Dyson School of Applied Economics and Management with a Bachelor of Science in Applied Economics and Business Management from Cornell University. He is a Chartered Mutual Fund Counselor and is licensed in the state of Pennsylvania for Accident/Health, Life, Variable Life, Variable and Fixed Annuities.

John Lauro Director

John has over 12 years of experience in the financial services industry and brings with him a wide range of investment, operations, finance, and accounting knowledge. Over the course of his career, John has gained extensive experience working with many different types of financial institutions and financial instruments, including some of the most complex, structured securities and derivatives in the market. He has played an integral role in the development and implementation of several large-scale product offerings and operational rollouts, leading numerous initiatives and projects during his career and providing excellent internal and external client support throughout the process. John is a trusted partner on any team and always strives to deliver the best results in the most efficient and effective manner with client service at the center of that model.

Prior to joining ParkLexington, John worked at the Federal Reserve Bank of New York (FRBNY) managing the operations, finance, and accounting for the funds and facilities created during the financial crisis to aid in the stabilization of the U.S economy and the System Open Market Account portfolio used to help implement and conduct monetary policy. John led numerous initiatives during his tenure at the FRBNY, including overseeing the daily operations and then subsequent wind down and reporting associated with many of the crisis-era facilities created during 2008 and 2009, including the Maiden Lane entities and the Term Asset-Backed Securities Loan Facility. John also provided internal consulting and support for many different business lines within the FRBNY’s monetary policy team aimed at improving operational processes and strengthening internal controls.

Earlier in his career, John worked at Ernst & Young LLP (EY) in the Audit and Advisory Practice based out of the New York Financial Services Office. At EY, John provided excellent client service in both the audit and advisory fields for a wide array of financial service institutions across the globe. John was the lead engagement manager on numerous external audit engagements providing his clients with valuable insights into the effectiveness of controls and the accuracy of reported balances. John also lead a number of consulting engagements while at EY, primarily focused improving operational processes and controls, enhancing regulatory reporting effectiveness, and performing specific business line due diligence. John’s clients at EY included UBS, Barclays, Gabelli Funds, Charles Schwab, Hitachi Capital, Marex Spectron, and Credit Union Australia to name a few.

John holds a Bachelor of Science degree in Commerce from the University of Virginia, is a licensed Certified Public Accountant in New York State, and a member of the American Institute of Certified Public Accountants.

Deanna Earner Director

Deanna brings over 10 years of financial services experience including project management, operations, client service, and managerial roles covering both the buy side and sell side.  Her ability to layer strategic thinking on top of detailed analysis has been critical to the success of ParkLexington’s Operational Consulting.

Through her experience at JP Morgan and AllianceBernstein, Deanna has demonstrated her ability to establish and run operations for some of the most complex instruments in the industry.  As a Project Manager at JP Morgan, she was responsible for running all changes and system releases related to their sell side Collateral Operations group including all OTC cleared projects, OTC regulatory projects and reporting projects for cleared derivatives, non-cleared derivatives, and futures and options.  Before transition to the Project Management role, Deanna served as a Derivatives Client Service Associate responsible for daily margin and general client support across Mutual Fund and Institutional clients of JP Morgan.  Prior to joining JP Morgan, Deanna served as the manager of the Futures and Operations team at AllianceBernstein which was responsible for supporting over 700 Listed Derivatives accounts and hundreds of millions of dollars in notional value.

Deanna graduated from the University of Delaware with a double major in Marketing and Operations Management.

Mark D. Gersten Advisor

A results driven senior executive with over 30 years of global experience in the investment management industry, Mark has deep expertise in fund operations and third party engagements. Focusing on mutual funds, hedge funds and private equity funds, Mark has been recognized in the industry as a key business partner with demonstrated leadership, strategic planning, innovation and problem solving abilities. Known for fostering relationships between third parties, board members and management while exceeding fiduciary standards, Mark has earned a reputation for integrity, fairness and open communication.

Mark has spent the last 26 years in various executive roles at AllianceBernstein including Senior Vice President – Global Fund Administration and Treasurer and Chief Financial Officer of Mutual Funds. In his Senior Vice President of Global Fund Administration position, Mark directed all administrative and operational activities consisting of 1940 Act open-end, closed-end, offshore funds, (Luxembourg, Japan and Korea) hedge and private equity funds products totaling approximately $120 billion. Prior to his joining AllianceBernstein, Mark held key industry positions at Prudential-Bache Securities and PriceWaterhouseCoopers.

Mark specializes in managing risk through implementation of rigorous financial and regulatory internal controls; ensuring compliance with internal and regulatory requirements; managing relationships with external auditors, custodians and administrators; leading successful start-up funds that are investor focused and market-driven; analyzing complex accounting issues and communicating ideas succinctly; and developing process improvements. Mark has earned a BA in economics from H Lehman College, an MBA in accounting from Pace University and is a New York State Certified Public Accountant.