NEW YORK, April 10, 2017 /PRNewswire/ -- iCapital Network, a financial technology platform focused on democratizing access to alternative investments for high-net-worth investors and their financial advisors, announced today the appointment of Thomas (Tom) Fortin as Managing Partner and Chief Operating Officer (COO). Mr. Fortin will report to iCapital Network's Chief Executive Officer, Lawrence Calcano, and be responsible for technology development and the investor services group.
Mr. Fortin joins iCapital from BlackRock, where he was Head of Retail Technology in the BlackRock Solutions group and responsible for the strategy, design, and development of retail sales enablement and digital distribution solutions. He also drove the successful acquisition of FutureAdvisor.
"We are delighted to welcome Tom to our leadership team," said Mr. Calcano. "His entrepreneurial spirit and unparalleled technology and integration experience will be instrumental in advancing our efforts to democratize alternative investments and engaging at the highest-level with clients, partners and investors."
In his previous role, Mr. Fortin was a member of BlackRock's Global Operating and Corporate Risk Management Committees. Mr. Fortin was formerly BlackRock's Chief Information Officer and led the Aladdin development team from 2002 to 2011. Additionally, Mr. Fortin was responsible for the post-acquisition enterprise integrations with Merrill Lynch Investment Managers and Barclays Global Investors.
Prior to joining BlackRock in 2001, Mr. Fortin spent ten years with Wall Street Systems in the development and implementation of a front-to-back fixed income and FX trading system for global financial institutions. Through a joint engineering program, Mr. Fortin earned a BS degree in Electrical Engineering from Columbia University and a BS degree in Engineering from Providence College, and an MBA degree in Finance from New York University.
Commenting on his appointment, Mr. Fortin said "iCapital is an innovator in the complex and rapidly evolving landscape of alternative investments. I'm truly excited to be joining iCapital's energetic team and helping transform the way wealth management solutions are accessed and delivered."
iCapital introduced its online platform over two years ago and as of March 31, 2017 services more than $2 billion in assets for approximately 3,000 investors across more than 40 private offerings. Its member network is comprised of approximately 1,500 qualified investors and advisory professionals who collectively oversee more than $1.7 trillion in investable assets.
About iCapital Network
iCapital Network is a financial technology platform that provides modular alternative investment solutions for registered investment advisors, broker-dealers, private banks, family offices and other sophisticated investors. The state-of-the-art online portal offers a curated selection of private equity, venture capital, credit, real estate and hedge funds, extensive due diligence support, an automated subscription process and integration with a wide range of custodial platforms and reporting packages. The firm's customizable technology and specialized suite of services is also used by asset managers and financial institutions to streamline and automate their private fund operations. For additional information, please visit the Company's website at www.icapitalnetwork.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
Disclosures: This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by iCapital. Past performance is not indicative of future results. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment fund's investment objectives will be achieved or that investors will receive a return of their capital. The information contained herein is subject to change. The award referenced herein makes no guarantee as to future performance and may not be representative of a platform user's experience Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. iCapital is a registered trademark of Institutional Capital Network, Inc. All rights reserved.
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SOURCE iCapital Network