August 16, 2016
NEW YORK – (BUSINESS WIRE) – iCapital Network, an online platform that provides streamlined access to alternative investments, announced today the addition of three senior technology professionals to help the organization further evolve its leading-edge capabilities for high-net-worth investors and their key advisors. Eli Entin joins the firm as Head of Product; Mike November joins as Head of Platform Architecture; and Kevin Scrivanich joins as Director of Product Management.
“iCapital is increasing our already significant investment in technology as we consolidate our position as the industry’s preferred alternative platform,” said Lawrence Calcano, Chief Executive Officer, iCapital Network. “We are incredibly excited to welcome Eli, Mike and Kevin to our accomplished team. Their collective experience strengthens our ability to deliver an unrivaled user experience and will be put to immediate use helping our clients and partners solve their biggest operational challenges.”
Founded in 2013, iCapital Network has democratized private investments for all qualified investors by improving access to leading managers, lowering investment minimums, offering an efficient, digitized subscription process and connecting on behalf of advisors and investors all investments in iCapital vehicles into the preferred custodial platforms and third party reporting packages. The firm’s robust financial technology platform is built around three disciplines – product, architecture and technology – that work in concert to produce best-of-breed solutions and facilitate continual innovation for the firm’s clients.
“As the high-net-worth community increasingly becomes a critical source of capital for alternative asset managers, there is a growing need for state-of-the-art technology to support a broader user base with different needs,” continued Mr. Calcano. “Likewise, advisory professionals and family offices need the most transparent, reliable and intuitive technology at their fingertips so that they can concentrate on client matters. We are committed to being the number one choice for managers, advisors and investors.”
Eli Entin joins iCapital as Senior Vice President and Head of Product where he will set the strategic direction for and oversee development of the firm’s flagship platform. Mr. Entin was most recently Vice President of Product Management at OnDeck Capital, where he created the number one online lending platform for small businesses resulting in ONDK becoming the largest NY-based FinTech IPO. Previously, Mr. Entin played a key leadership role in the launch of Nokia’s global application store, where he enabled an in-application purchasing API for millions of phones worldwide. He was also Senior Product Manager at PayPal, where he was responsible for merchant credit risk and consumer authentications. Mr. Entin holds a bachelor’s degree in physics from the Massachusetts Institute of Technology, an MBA from the University of California Berkeley, and a master’s degree in electrical engineering from Stanford University.
Mike November joins iCapital as Head of Platform Architecture where he will be responsible for technological integrations with the firm’s key platform partnerships. Most recently, Mr. November was at Bridgewater Associates where he led a series of development efforts across FX trading. Before that, Mr. November was a managing director at Goldman Sachs where he spent almost three decades in various technical roles, including Head of Cross Divisional Projects and Architecture leading the firm’s largest and most complex projects. He holds a bachelor’s degree in Aeronautics and Astronautics from the Massachusetts Institute of Technology and a master’s degree in Mechanical Engineering from the University of Pennsylvania.
Kevin Scrivanich joins iCapital as Director of Product Management where he will spearhead development of the platform’s features and user experience, and work closely with the design, product and technology teams to implement best practices in development and user-centric design. Prior to joining iCapital, Mr. Scrivanich oversaw advanced trading platforms for digital channels with E*TRADE Financial, and was responsible for the growth and expansion of Priceline.com’s international rental car offering. With more than ten years of experience in financial services product development, Mr. Scrivanich has developed specialties in concept-to-marketing product delivery, platform adoption, and revenue growth. Mr. Scrivanich holds a bachelor’s degree in Political Science and Philosophy from Rutgers University.
About iCapital Network
iCapital Network is a financial technology platform that provides simplified access to alternative investments. The state-of-the-art online platform offers a curated selection of private equity funds and hedge funds, extensive due diligence support and powerful research tools to a private member network of qualified investors, family offices, registered investment advisors and broker-dealers. iCapital’s end-to-end solution streamlines and automates the investment process with electronic subscriptions, capital calls, distributions and redemptions, fund statements, and user-friendly investor and tax reporting. 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 described herein. 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 and is also incomplete. This industry information and its importance is an opinion only and should not be relied upon as the only important information available. 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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