iCapital Network Adds New Hires To Fuel European And Asian Expansion
Fintech platform iCapital Network has made two new hires to support the firm's international expansion. Marco Bizzozero will join iCapital on December 1 as Head of International and will be a member of the iCapital Executive Committee, reporting to Chairman Lawrence Calcano. Bizzozero joins iCapital from UniCredit, where he was CEO of Group Wealth Management and member of the Group Executive Management Committee. Previously, Bizzozero was with Deutsche Bank for 14 years, where he most recently served as Head of Wealth Management EMEA and CEO of Deutsche Bank Switzerland. Prior to assuming that role, he was the Global Head of Private Equity for the Deutsche Bank Wealth Management division, a business which was then acquired by iCapital Network in 2017. He also worked at LGT Capital Partners as Head of Private Equity Secondary Investments and UBS in a variety of roles in Investment Banking and Private Equity in Zurich, London, and New York. Bizzozero will be based in Zurich.
Tom Slocock is joining iCapital as Managing Director and Head of International Product Development & Origination, reporting to Bizzozero. Slocock will lead the development and launch of new investment products and manage the life cycle of existing offerings explicitly designed for the needs of the international marketplace. Prior to joining iCapital, Slocock was with Deutsche Bank Wealth Management in London for more than 10 years, most recently serving as Head of the Global Funds Group and Head of the Global Investment Group. Prior to this, he was CEO of the U.K. Wealth Management business. Before joining Deutsche Bank, he was with Credit Suisse in London, most recently as Managing Director and Head of International Private Banking.
“We are delighted to welcome Marco and Tom to help lead the charge on building our global alternative investments marketplace,” said Calcano. “Our clients’ success requires a world-class team that can help them scale their businesses and bring this historically hard-to-access asset class to a broader range of investors. These professionals share our unwavering commitment to bringing superior access and efficiency to the private market investing experience, with more than 50 years of collective expertise and a breadth of relationships across the international marketplace.”
“iCapital has rapidly established itself as the leading wealth tech firm and partner of choice for clients in the asset and wealth management industry seeking to increase and facilitate access to private market investments for their HNW clients. We see enormous growth opportunities in the European and Asian markets and I very much look forward to joining the iCapital team and leading the firm’s global expansion,” said Bizzozero.
Earlier this month, iCapital entered into an agreement to acquire a 65-person technology team from Portugal-based product development company, Runtime Group, Ltd. As part of Runtime, this team has provided dedicated support to iCapital’s technical development since 2014. Under the agreement, these experts will join iCapital’s existing team of engineers, developers, and designers dedicated to the ongoing technological innovation of iCapital’s offerings. The transaction is expected to close 4Q2020.
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