Incapital expands into Canada
BOCA RATON , Fla., CHICAGO and TORONTO-- Incapital, an underwriter of fixed income securities and financial products, is expanding its footprint to the Canadian market by opening an office in Toronto.
"This move is a logical extension of our Incapital franchise," said John Radtke, CEO of Incapital LLC. "For over 10 years, we have worked with many of the leading Canadian banks and dealers across a wide variety of product sectors. We look forward to expanding and solidifying our relationships in Canada by providing the Canadian market access to Incapital's platform of global issuers."
Incapital Canada will further the firm's reach as a provider of financial products to securities dealers, banks, institutions and wealth managers throughout North America. In the United States, Incapital has underwritten and distributed more than $70 billion of financial instruments over the past 12 months.
Jason Wilson has been appointed President of Incapital Canada. Wilson joined Incapital in 2010 and will oversee the management and strategic direction of Incapital Canada. He also serves as co-head of Strategic Initiatives at Incapital LLC. In this role, he is responsible for overseeing and implementing new business directives, including the creation and distribution of fixed and indexed annuities, unit investment trusts, and other packaged investment products.
The Toronto office will follow Incapital's U.S. business model, focusing on capital markets, institutional sales and trading. The products will be made available to retail customers through Canadian dealers and banks.