iCapital, the global fintech platform driving access to alternative investments for the wealth management industry, announced the appointment of Agnes Bundy Scanlan to the company’s board of directors, “effective January 1, 2023.”
Ms. Bundy Scanlan “brings a wealth of experience from her 30-year career in regulatory risk management and compliance.” Since May 2020, she has “served as president of The Cambridge Group, a regulatory risk management firm that advises financial services and fintech firms.”
A former chief regulatory and compliance officer and global chief privacy officer at TD Bank, Ms. Bundy Scanlan also “serves on the boards of AppFolio, R1 RCM, and Truist Financial.”
In 2021, she was “recognized as one of Savoy’s Most Influential Black Corporate Directors.”
Lawrence Calcano, Chairman and Chief Executive Officer of iCapital, said:
“Having an active and engaged board of directors with a variety of backgrounds and experiences is vital to the success of iCapital. I’m delighted to welcome Agnes to our board. We look forward to working with her and benefiting from her wisdom and experience.”
Before joining The Cambridge Group, Ms. Bundy Scanlan “worked as a senior advisor for consulting firm Treliant and northeast regional director at the Consumer Financial Protection Bureau.”
She also has “held various executive roles at Bank of America and FleetBoston Financial.”
Earlier in her career, she “was counsel at the U.S. Senate Banking Committee.”
Ms. Bundy Scanlan added:
“I’m excited to join iCapital’s board of directors. iCapital is a leader in making alternative investments more accessible to advisors and investors. I look forward to working with Lawrence and iCapital to continue to deliver on this mission.”
Founded in 2013, iCapital claims it is “the leading global fintech company powering the world’s alternative investment marketplace.”
iCapital claims it “has transformed how the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions; education tools and resources; and robust diligence, compliance, and portfolio analytics capabilities.”
iCapital’s solutions “enable organizations to streamline and scale their operational infrastructure for alternative investments and to provide access to direct investments and feeder funds at lower minimums through simplified digital workflows.”
iCapital-managed platforms “offer wealth advisors and their high-net-worth clients access to an extensive menu of private investments, including equity, credit, real estate, infrastructure, structured investments, annuities, and risk-managed solutions.”
As of November 30, 2022, iCapital reportedly “services more than US$149.3 billion in global client assets, of which about US$30.5 billion are from international investors (non-US Domestic) across more than 1,180 funds.”
Employing 1,050 people globally, iCapital is “headquartered in NYC and has offices worldwide, including in Zurich, Toronto, Singapore, London, Lisbon, and Hong Kong.”