NEW YORK/ZURICH — iCapital Network1, the global financial technology platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced the appointments of Edwin Chan as Head of Client Solutions, Asia and Manuel Faccio as Head of Client Solutions, Europe.
Mr. Chan is iCapital’s first leadership hire in Asia and will be based in Hong Kong, where iCapital will open a new office to support expansion throughout Asia. Mr. Faccio will be based out of iCapital’s Zurich office where he will drive iCapital’s continued growth in the EMEA region.
Since iCapital’s founding in 2013, the firm has grown to service more than $73 billion in invested capital on the iCapital platform, including more than $11 billion from non-U.S. investors. iCapital’s expansion broadly aligns with the growth of the alternatives industry, as interest in the growth and diversification opportunities alternatives can offer rises internationally. According to Preqin’s forecast, AUM in alternatives is expected to grow by more than 5% annually in Europe and by 25% in Asia through 2025.
“Private market investments are highly sought after by wealth managers and their high-net- worth clients across the globe. As a result, interest in employing iCapital’s technology solutions among banks, wealth managers and asset managers has been accelerating across both Asia and Europe,” said Marco Bizzozero, Head of International at iCapital Network. “We are delighted to bring Edwin and Manuel into our leadership team. Their extensive experience will be instrumental in providing exemplary service to our clients seeking private investment opportunities, and to those interested in augmenting their capabilities with best-in-class solutions.”
Mr. Chan will lead iCapital’s client solutions and business development activities across Asia. He will develop relationships with premier global and Asian wealth management organizations, banks, and asset managers, and build customized solutions for iCapital’s clients in the region. He will report to Mr. Bizzozero.
Mr. Chan has over 20 years of experience in financial services, with the most recent decade focused on private markets origination and distribution of private funds in the Asia-Pacific region. He established Probitas Partners’ Asian business, where he developed relationships with fund sponsors and Institutional Investors, including fund advisors, wealth managers and family office investors investing across private equity, private debt, and real assets strategies globally. Previously, Mr. Chan served as a regional business development director for AIG Global Investments’ investment products in Asia. Mr. Chan began his career in the corporate and investment banking sector with HSBC and Citibank.
As Head of Client Solutions in Europe, Mr. Faccio will manage the entire enterprise sales cycle for the EMEA region and drive business development activities with a primary focus on wealth management organizations, banks, and asset managers in Europe. Mr. Faccio will report to Mr. Bizzozero.
Mr. Faccio comes to iCapital with a deep understanding of the asset management business with almost 20 years of international experience in the financial industry. Following a decade long career in investment banking at Deutsche Bank in London, he moved to Asset Management where he held several senior positions in London and Zurich, most recently as Head of Coverage for Switzerland and Southern Europe and CEO of Switzerland for DWS Asset Management.
About iCapital Network
Founded in 2013 in NYC, iCapital Network is a global financial technology company powering the world’s alternative investment marketplace. It has transformed the way the wealth management, banking, and asset management industries facilitate access to private markets investments for their high-net-worth clients by providing intuitive, end-to-end technology and service solutions. Wealth management firms use iCapital’s solutions to provide clients with quality funds at lower minimums and simplified digital workflows. Asset managers and banks leverage iCapital’s technology to streamline and scale their private investments operational infrastructure. Additionally, the iCapital ‘flagship’ platform offers financial advisors and their high- net-worth clients access to a curated menu of private equity, private credit, hedge funds, and other alternative investments to help meet their investing needs for return and diversification. iCapital’s research and diligence team offers robust analysis alongside the firm’s extensive suite of advisor education, compliance, portfolio management, and portfolio analytics tools and services. iCapital was recognized on the Forbes FinTech 50 list in 2018, 2019 and 2020, the Forbes America’s Best Startup Employers in 2021, and MMI/Barron’s Industry Awards as Solutions Provider of the Year in 2020. As of March 31, 2021, iCapital Network has more than 400 employees and services $73 billion in global client assets across more than 760 funds. Headquartered in NYC, it also has offices in Zurich, London, and Lisbon.
For additional information, please visit iCapital Network’s website at icapital.com | LinkedIn: https://www.linkedin.com/company/icapital-network-inc | Twitter: @icapitalnetwork
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(1) Institutional Capital Network, Inc., and its affiliates (together, “iCapital Network” or “iCapital”)