Board of Directors

Colin W. Devine
Colin W. Devine has been a strategic advisor to insurance and investment management companies from 2016 to the present and from 2012 to 2015. Earlier in his career, Mr. Devine headed Citigroup’s North American life insurance research from 1997 to 2012. Prior to working for Citigroup, Mr. Devine was a Director in Standard & Poor’s credit ratings group, focused on the insurance sector. Over the course of his research career, Mr. Devine was ranked on Institutional Investor magazine’s All-America Research Team for 14 consecutive years and held the #1 ranking for six consecutive years. Mr. Devine holds Chartered Financial Analyst, Chartered Professional Accountant and Certified Financial Planner credentials. He earned an MBA degree from the Schulich School of Business, York University, Toronto and a Bachelor of Science degree from the University of Guelph.
Walter Keenan
Mr. Keenan has served as our Chief Executive Officer since 2013, and served as a consultant to Advantage beginning in 2012. Prior to joining Advantage in 2012, Mr. Keenan served as President of JMP Capital LLC, the principal investments arm of JMP Group Inc. (NYSE: JMP). Mr. Keenan was responsible for JMP’s merchant banking activities, including direct private equity investments and sponsorship of private equity, debt and other alternative asset management funds. Prior to joining JMP in 2007, Mr. Keenan was a Principal of The Cypress Group where he focused on private equity investments in financial services companies. On behalf of Cypress, Mr. Keenan organized Medicus Insurance Holdings, Inc., a medical malpractice liability insurance company. Mr. Keenan served as Executive Chairman of Medicus, which commenced business in 2006 and was acquired by a strategic buyer in 2011. Mr. Keenan began his career as a financial analyst with Morgan Stanley & Co. in 1989, and remained with the firm through 2003. He is a graduate of Southern Methodist University in Dallas, Texas, where he received a B.A. with Honors.
David A. Whitefield
David A. Whitefield is a consultant to insurance and private trust companies in the Cayman Islands and other locations. He has extensive banking and insurance experience, having begun his career in commercial banking with the Royal Bank of Scotland in 1965. He subsequently joined the Bank of Nova Scotia Trust Company in the Cayman Islands in 1972, and became Managing Director in 1981. In 1984, Mr. Whitefield established Samuel Montagu & Company (Cayman) Limited and served as its CEO. In addition to commercial banking, Montagu & Company and its successors were engaged in the captive insurance company, trust administration, mutual fund administration and corporate services businesses. Mr. Whitefield retired from HSBC Financial Services (Cayman) Limited, the successor to Montagu & Company, in 2005.
Gary D. Witherspoon
Gary Witherspoon is President of Copper Beech Capital LLC, a private investment firm in Dallas, Texas. Mr. Witherspoon began his work with Copper Beech in 2005. Prior to joining Copper Beech, Mr. Witherspoon was the managing partner of Witherspoon, Yeldell & Wilson, P.C., Certified Public Accountants, from 1994 to 2005, and co-founded the firm in 1984. He is a past chairman of the board of the Ennis Regional Medical Center. From 2006 to 2011, Mr. Witherspoon was a director and chaired the audit committee of Medicus Insurance Holdings, Inc. He is a past director of Republic Group, Inc. He currently serves on the boards of Advantage Insurance Inc., First State Bank, and Platform Holdings Inc. He is a member of the American Institute of Certified Public Accountants and the Texas Society of Certified Public Accountants. Mr. Witherspoon received a Bachelor’s degree in accounting from Texas A&M.

In Memoriam

Bruce W. Shewmaker
Advantage mourns the loss of our long-serving Director Bruce W. Shewmaker, who died following a lengthy illness on Wednesday, December 7th 2016. Bruce’s guidance was instrumental in the success of Advantage Insurance’s recapitalization transaction completed in September 2013. Serving as a Director of Advantage since then, Bruce’s broad and deep knowledge of corporate finance, business management, investments, and capital markets has been invaluable to our company’s development and success. In addition to his recent stewardship of Advantage, Mr. Shewmaker had a long and highly accomplished career as a corporate executive, investment banker, venture capitalist and independent director. Those who worked closely with Bruce knew there was rarely a business situation that he had not previously encountered nor a problem that he had not solved. We will miss Bruce’s tireless enthusiasm for building great companies and his dedication to mentoring less experienced colleagues. He was a remarkable man who we will miss greatly. View the obituary here.