BOCA RATON, Fla., CHICAGO and TORONTO, Aug. 20, 2012 /PRNewswire/ -- Incapital, a leading underwriter of fixed income securities and financial products, today announced that it is expanding its footprint to the Canadian market by opening an office in Toronto.
"This move is a logical extension of our Incapital franchise," said John Radtke, CEO of Incapital LLC. "For over 10 years, we have worked with many of the leading Canadian banks and dealers across a wide variety of product sectors. We look forward to expanding and solidifying our relationships in Canada by providing the Canadian market access to Incapital's platform of global issuers."
Incapital Canada will further the firm's reach as a leading provider of financial products to securities dealers, banks, institutions and wealth managers throughout North America. In the United States, Incapital has underwritten and distributed more than $70 billion of financial instruments over the past 12 months.
Jason Wilson has been appointed President of Incapital Canada. "There is a growing demand throughout Canada for higher yielding investments and a shortage of supply," said Mr. Wilson, a native of Canada. "We believe our robust pipeline of fixed income securities, originated by many of the world's leading financial institutions, will fill a significant void in the market. Over time, we will look to expand into a variety of investment products."
Mr. Wilson joined Incapital in 2010 and will oversee the management and strategic direction of Incapital Canada. He also serves as co-head of Strategic Initiatives at Incapital LLC. In this role, he is responsible for overseeing and implementing new business directives, including the creation and distribution of fixed and indexed annuities, unit investment trusts, and other packaged investment products. Prior to joining Incapital, Mr. Wilson was Director, Global Markets Division - Cross Asset Solutions at Societe Generale, where he was responsible for SG's Canadian retail distribution effort. Before joining Societe Generale, Mr. Wilson was an Executive Director at CIBC World Markets in Toronto.
The Toronto office will follow Incapital's U.S. business model, focusing on capital markets, institutional sales and trading. The products will be made available to retail customers through Canadian dealers and banks. Additional information on Incapital Canada can be found at incapital.ca.
Incapital was founded in 1999 with the mission of providing securities firms and individual investors more efficient access to corporate bonds. While Incapital's expertise in underwriting and distributing investment-grade corporate bonds remains a core competency, the firm now underwrites securities across multiple asset classes. In addition to its broker-dealer and bank partners, Incapital now serves institutional investors and wealth managers. With over 160 employees in North American offices, the firm represents over 300 issuing entities and serves 800+ distribution partners. Incapital continues to provide market leadership with a growing range of product offerings, strong strategic partnerships and innovative technology. Incapital's recent expansion in Canada is an example of a corporate commitment to being a dominant underwriter and distributor in North America.
Incapital, 200 South Wacker Dr. Suite 3700 Chicago, IL 60606. Phone: 312.379.3700.
1800 North Military Trail Suite 400 Boca Raton, FL 33431 Phone: 561.361.1100
In the United States, securities offered through, and Unit Trusts sponsored by, Incapital LLC, Member FINRA/SIPC, and annuities and insurance products offered through Incapital Insurance Services LLC, Member FINRA/SIPC. Incapital Canada ULC, Member of the Investment Industry Regulatory Organization of Canada, Member CIPF
Investment products contain risks, such as market and credit risks, and investors should review and understand the respective offerings documents before investing.
More information about Incapital is available at incapital.com
212.279.3115 ext 227