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.

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