iCapital appoints regulatory and compliance specialist Agnes Bundy Scanlan to board of directors

Rick Steves

iCapital has appointed Agnes Bundy Scanlan to its board of directors.

The global fintech platform driving access to alternative investments for the wealth management industry will leverage her wealth of experience from her 30-year career in regulatory risk management and compliance.

Agnes Bundy Scanlan has served as president of The Cambridge Group, a regulatory risk management firm that advises financial services and fintech firms, since May 2020.

The former chief regulatory and compliance officer and global chief privacy officer at TD Bank also serves on the boards of AppFolio, R1 RCM, and Truist Financial.

Before joining The Cambridge Group, she 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.

Making alternative investments more accessible to advisors and investors

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.”

Agnes Bundy Scanlan commented: “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.”

iCapital was founded in 2013 to focus on the alternative investment marketplace and transform how the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients.

The firm provides intuitive technology and service solutions, education tools and resources; and diligence, compliance, and portfolio analytics capabilities. This allows organizations to streamline and scale their operational infrastructure for alternative investments and to provide access to direct investments and feeder funds at lower minimums.

The iCapital 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.

The firm 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.

Headquartered in NYC, iCapital has offices worldwide, including in Zurich, Toronto, Singapore, London, Lisbon, and Hong Kong.

Read this next

Inside View

Broadridge report finds 27% of firms’ overall IT budget goes to digital transformation

“A new chapter in digital transformation is emerging. In our work with clients across the financial services industry we see leading firms are already reaping the benefits from digitalization and the use of technologies such as AI and blockchain/DLT, as they adapt to economic headwinds and new competitive dynamics”

Executive Moves

Ripple announces Monica Long as President

“I’m incredibly honored to take on the role of President at Ripple as we expand deeper into crypto-enabled services like liquidity, settlement and custody.”

Executive Moves

Arabesque AI appoints Carolina Minio Paluello as CEO

“Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios.”

Industry News

SEC Commissioner Mark T. Uyeda says standardized ESG measures are doomed to fail

“Because ESG ratings may be divorced from matters of financial materiality, they can reflect a particular political or social agenda.”

Industry News

Worldline launches digital payments suite in India

“Our low-cost innovative offering SoftPOS will empower SMBs in a big way to accept digital payments affordably.”

Technology

cTrader Web 4.5 Presents Guest Mode, Multiple Charting and Copy Improvements

Spotware has announced the release of its cTrader Web version 4.5, which comes with a whole range of features and improvements for all cTrader users.

Technology

SteelEye suggests integrated surveillance as Morgan Stanley fines employees over WhatsApp

“The use of integrated surveillance means firms can avoid unwanted regulatory attention by enabling them to self-report and self-remedy more efficiently when malpractice is flagged.”

Industry News

ASIC bans Gregory William Finerty for unlicensed FX algo trading bot

Bradford AI leased an algorithmic trading program known as ‘Robot 1’ to trade on the FX market, using an Australia-based over the counter contracts for difference (CFD) broker.

Opinion

With the recent changes to St Vincent licensing, what will the future trends be for licensing in 2023?

New St. Vincent and the Grenadines regulations came as somewhat of a shock for those brokerages that are only regulated in SVG

<