iCapital Hires Two Industry Veterans to Lead International Growth Strategy
iCapital Network, a financial technology platform focused on alternative investing for the asset and wealth management industries, has hired senior executives Marco Bizzozero and Tom Slocock to lead its international growth strategy.
iCapital Network, a financial technology platform focused on alternative investing for the asset and wealth management industries, has hired senior executives Marco Bizzozero and Tom Slocock to lead its international growth strategy.
Portfolio allocations to alternative investments such as private equity, private credit, hedge funds, and real estate among non-U.S.-based investors have grown in recent years with projected global allocations growing by 8 percent annually from 2019-2024.
Based out of Zurich, Marco Bizzozero will join iCapital as head of international and a member of the iCapital executive committee. In this newly created role, he will spearhead iCapital’s expansion into the European and Asian markets.
Bizzozero has more than 25 years of international experience in the financial industry in senior executive positions in global wealth management and private equity organizations. He joins iCapital from UniCredit where he was CEO of Group Wealth Management and member of the group executive management committee. Previously, he was with Deutsche Bank for 14 years, where he most recently served as head of wealth management and CEO of Deutsche Bank Switzerland.
Prior to assuming that role, Bizzozero was the global head of private equity for the Deutsche Bank Wealth Management division, a business which was then acquired by iCapital 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.
Based out of London, Tom Slocock will serve as managing director and head of international product development and origination. He will lead the development and launch of new investment products and manage the life cycle of existing offerings 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.
“As appetite for private market investing continues to grow, our expanding team will deliver these strategies – powered by a robust technical infrastructure – to advisors and their clients across the globe,” said Lawrence Calcano, chairman and CEO of iCapital.
Earlier this month, iCapital agreed to purchase a 65-person technology team from Portugal-based product development company, Runtime Group Ltd. As part of Runtime, this team has provided support to iCapital’s technical development since 2014. The transaction is expected to close during the fourth quarter of 2020.
In 2018, iCapital opened its first international office in Zurich to bring increased access to alternative investing opportunities to the European markets. As part of its most recent acquisition, iCapital will establish an office in Lisbon for the transitioning Runtime team. The new office in Lisbon will become iCapital’s global hub for technology development and operations.
iCapital plans to open offices in London and Singapore in 2021 to support its recent international senior hires and footprint in the European and Asian regions.
As of October 1, 2020, iCapital has approximately 300 employees and services approximately $65 billion in global client assets for more than 125,000 underlying accounts.
