Global fintech platform ICapital Network has entered the European and Asian markets in a bid to grow its alternative investment operations outside the US.
The firm serves the wealth and asset management sectors and has seen a rapid growth within the last 18 months, reaching $65bn (£50bn, €55bn) in client assets, $8bn of which are from non-US investors.
ICapital Network said that it received increasing demand from its international client base with “heightened interest” in private markets.
Its portfolio allocation is made up of private equity, private credit, hedge funds and real estate, which have become more popular among non-US investors.
Lawrence Calcano, chairman and chief executive of ICapital Network, said:”ICapital’s latest international investments demonstrate our commitment to bringing the opportunities of private investments to international advisers and investors and fulfilling our mission of powering the global alternative investing ecosystem.
“As appetite for private market investing continues to grow, our expanding team will deliver these strategies – powered by a robust technical infrastructure – to advisers and their clients across the globe.”
As the platform expands to Europe and Asia, it has made two senior hires to lead its international growth.
Marco Bizzozero will be based in Zurich to become head of international and a member of the executive committee, effective from 1 December 2020.
In the newly created role, he will be responsible for leading the firm’s expansion into the two markets. Bizzozero joins from Unicredit, where he served as chief executive of group wealth management.
Additionally, Tom Slocock will take on the roles of managing director and head of international product development and origination, based in London.
He will spearhead the development and launch of investment products for the international marketplace. Slocock was previously head of the global funds group and head of the global investment group at Deutsche Bank Wealth Management.