Former BlackRock Exec Joins iCapital Network
iCapital Network, an online platform that provides access to alternative investments, has named former BlackRock executive Thomas Fortin as managing partner and the company’s new chief operating officer.
In his new role, Fortin will be responsible for technology development and the investor services group. He will report to iCapital Network’s CEO Lawrence Calcano.
In his previous roles, Fortin was a member of BlackRock’s global operating and corporate risk management committees. Fortin was formerly BlackRock’s chief information officer and led the Aladdin development team from 2002 to 2011. Additionally, the company noted that Fortin was responsible for the post-acquisition enterprise integrations with Merrill Lynch Investment Managers and Barclays Global Investors.
Prior to joining BlackRock in 2001, Fortin spent 10 years with Wall Street Systems in the development and implementation of a front-to-back fixed-income and FX trading system for global financial institutions.
iCapital Network is a financial technology platform that provides modular alternative investments for registered investment advisors, broker-dealers, private banks, family offices and other investors.
Its online portal includes private equity funds and hedge funds, due diligence support, an automated subscription process, and integration with a range of custodial platforms and reporting packages.
The firm says that its services are also used by asset managers and financial institutions to streamline and automate the offering and administration of private investments.
iCapital services more than $2 billion in subscriptions from approximately 3,000 investors across more than 40 private offerings. Its member network includes more than 1,300 users from RIA firms, private banks, independent broker-dealers, family offices and other advisory organizations that collectively oversee more than $1.7 trillion in investable client assets.
