Press Releases

Press Releases
iCapital Network Deepens Firm’s Senior Leadership with Appointment of Tom Iacono, Chief Financial Officer

September 7, 2016

NEW YORK, NY – ( BUSINESS WIRE ) – iCapital Network , an online platform that provides streamlined access to alternative investments, announced several new appointments today. Finance veteran Tom Iacono joins the firm as Chief Financial Officer. Reporting to Chief Executive Officer, Lawrence Calcano , Mr. Iacono will join the executive team and lead iCapital’s finance, legal, operations and human resources functions. Grace Kim joins the firm as Head of Investor Relations; David Russo joins as Head of Platform Integration; and Bryan Gallagher joins as Legal Counsel.

“I am delighted to announce our latest round of new appointments,” said Lawrence Calcano, Chief Executive Officer of iCapital Network. “Tom’s expertise in corporate finance and M&A, coupled with his understanding of the investment process, will be a significant asset to our business as we accelerate our growth and consolidate our position as the preferred alternatives platform for advisory professionals and their high-net-worth clients.”

Mr. Iacono joins iCapital from General Electric where he spent 12 years in key financial leadership and transaction advisory roles in the GE Energy Financial Services, GE Corporate Aircraft and GE Capital Aviation Services divisions. Previously Mr. Iacono was CFO of Fortress Transportation and Infrastructure Fund and a Senior Manager at Deloitte. He is a Certified Public Accountant and received a master’s degree in Business Administration from the Johnson Graduate School of Management at Cornell University and a bachelor’s degree in Accounting from the University of Connecticut.

Commenting on his appointment, Mr. Iacono said “I am very excited to be joining iCapital at a pivotal stage in its lifecycle. The company is democratizing access to alternative investments for all qualified investors, and I look forward to being part of the impressive team as we continue to set the pace for our industry.”

At the same time, iCapital announced senior additions to its Investor Relations, Platform Operations and Legal teams to strengthen its operational infrastructure in support of continued expansion. “Our goal is to give registered investment advisors, broker-dealers, private banks and family offices access to the highest caliber of alternative investing opportunities. With that priority front and center, we continue to methodically bolster our company’s senior leadership and bench strength across every function,” said Mr. Calcano.

“We are thrilled to have Grace, David and Bryan join our growing organization to provide structure and oversight to teams that have expanded in recent months. Their respective backgrounds bring a powerful combination of industry perspective and capabilities that will facilitate flawless execution and enhanced client interactions,” continued Mr. Calcano.

Grace Kim

Ms. Kim joins iCapital from Fir Tree Partners, a multi-strategy investment firm, where she was a Director in the Investor Relations group. She has 17 years of experience working closely with both managers and investors in the alternative investment industry. Ms. Kim began her career in investment banking at Merrill Lynch and received an A.B. in Economics from Princeton University.

David Russo

Mr. Russo joins iCapital from Credit Suisse Private Banking Americas where he was COO of Assets and Investments responsible for cross-product strategy and business development for the firm’s investment advisory offerings. Previously he was Program Director of the $200 billion Rep-as-Advisor business in the Managed Solutions Group at Bank of America Merrill Lynch and prior to that, a Vice President and Program Manager of the Rep-as-Advisor platform at Morgan Stanley Wealth Management. Mr. Russo received a B.S. in Business Administration with concentrations in Accounting and Finance from Georgetown University.

Bryan Gallagher

Mr. Gallagher joins iCapital from Goldman Sachs, where he served as Vice President and Assistant General Counsel in the Investment Management Division with a focus on alternative investments, including private equity, hedge funds, fund of funds and real estate, as well as capital raising and regulatory matters. Previously, he worked in the Asset Management practice at Fried, Frank, Harris, Shriver and Jacobson LLP and the Global Private Investment Funds practice at Paul Hastings LLP. Mr. Gallagher holds a B.A. from the College of the Holy Cross and a J.D. from the Hofstra University School of Law.

About iCapital Network

iCapital Network is a powerful financial technology platform that provides modular alternative investment solutions for registered investment advisors, broker-dealers, private banks, family offices and other sophisticated investors. The state-of-the-art online portal offers a curated selection of private equity funds and hedge funds, extensive due diligence support, a fully-automated subscription process and seamless integration with a wide range of custodian platforms and reporting packages. Visit www.icapitalnetwork.com for more information.

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Disclosures: This material is provided for informational purposes only and is not intended as, and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by iCapital. Past performance is not indicative of future results. Alternative investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in an alternative investment entails a high degree of risk and no assurance can be given that any alternative investment fund’s investment objectives will be achieved or that investors will receive a return of their capital. The information contained herein is subject to change. Securities may be offered through iCapital Securities, LLC, a registered broker dealer, member of FINRA and SIPC and subsidiary of Institutional Capital Network, Inc. All rights reserved.

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