We are the leading dedicated
managed account platform
in the industry
We believe there is a massive shift underway towards platform investing driven by institutional allocators’ desire for customized investment solutions, better fees, control, transparency and operational alpha
Our vision is to enhance the way value is created for the communities represented by institutional allocators
Our origins date back to 1996.
Our heritage is the combination of two of the most respected firms in our industry:
As a combined firm we continue to be committed to and solely focused on the quality of our support to our clients.
Our platform is designed to make every step of the Dedicated Managed Account (“DMA”) process easier, more efficient and transparent. We designed our purpose built proprietary technology to serve the complex and specialized needs of a DMA platform while simplifying the process for our clients.
Our leaders spent years mastering the complexities of the alternative funds business before developing our fully outsourced Dedicated Managed Account (“DMA”) model. We put this expertise to work to help clients take full advantage of the benefits of a DMA structure. Years of hands-on experience in launching and running successful DMAs have put us in a unique position to provide solutions tailored to your specific needs and workflows.
Chief Transformation Officer
As Chief Transformation Officer, Jean will be responsible for overseeing the transformation of business processes to drive increased productivity and margin expansion within our operations. He will leverage his business and market experience to help define Innocap’s new operating model, identify efficiencies, technologies and improvements to help the business scale. In addition, Jean will support the different business lines in their usage, review, assessment and negotiations with service providers. He will report to Andrew Lapkin, COO.
Jean was previously the Chief Operating Officer of Innocap. During his tenure at Innocap since 2007, he led the efforts to transfer Innocap operationally and technologically from under National Bank of Canada into an independent entity. He contributed in operations, sales support, risk management, due diligence as well as playing an important role in business development and building the Investor Relations team. Bringing 19 years of financial industry experience, he built strong client and service provider relationships through his knowledge of the business. Prior to joining Innocap, he held several functions within the Treasury Department of National Bank of Canada. Jean earned a Bachelor’s degree in Finance from HEC Montréal. He is also a Chartered Financial Analyst and a CAIA charterholder.
Global Head of ESG and Impact Solutions
As Global Head of ESG and Impact Solutions, Caroline will be responsible for Innocap’s ESG and impact business offering. She will lead and develop strategic initiatives targeted to assist Innocap’s clients to invest constructive capital in order to generate growth while contributing to a more sustainable world. Innocap being at the invaluable junction between asset owners and asset managers, Caroline as Head of Innocap for Change intends to have a meaningful impact on both groups as well as on all stakeholders of the ecosystem. Caroline will report to Joshua Kestler, President.
Caroline was previously Managing Director, Investor Relations and Business Development at Innocap. In that role, she developed powerful partnerships with Innocap’s institutional clients, lead for two years Innocap’s business development efforts in Europe and in the US and was the instigator of what is now known as Innocap for Change. Caroline has over 13 years of experience working in the finance industry. Caroline began her career at Innocap as legal counsel where she helped design and build dedicated managed account platforms for sophisticated investors around the world. She received her Bachelor of Laws from the Sherbrooke University, she holds a Master’s degree in International Trade Law (LL.M.) from Cape Town University (South Africa) as well as the Chartered Alternative Investment Analyst (CAIA) and Sustainable Investment Professional Certification from Concordia University.
Chief Investment Officer
As Chief Investment Officer, Hugues will be responsible for supporting clients with the investment decision process and helping allocators build optimal portfolios. He will lead the effort to provide clients with actionable information and insightful transparency by turning analytics into a comprehensive and clear story for better investment decisions. As CIO, Hugues will be acting as a partner and subject matter expert on portfolio construction, optimization and portfolio risk management to expand and scale our service offering across all asset classes. Hugues will also lead the implementation and management of new investment solutions, like treasury management, currency hedging, overlay strategies and co-investment funds to enhance client diversification and meet client investment objectives. Hugues will report to Andrew Lapkin, COO.
Hugues was previously Innocap’s Chief Investment & Risk Officer. He was responsible for the data management, quantitative risk modelling, daily investment compliance monitoring and portfolio oversights. He was a leader in the development of Innocap’s portfolio analytic capabilities and was responsible for delivering impactful analysis and visualization to enhance clients’ understanding of the underlying investment risk profile. Prior to joining Innocap, Hugues was a Managing Director and Head of Internal Absolute Return at PSP Investments in Montreal (2004-2016). During that period, he was also part of PSP’s Public Markets Investment Committee and responsible for managing the Public Markets overlay portfolio. Prior to PSP, Hugues gained valuable experience as a Strategist at Bear Stearns International in London, at CN Investment as a Fixed Income portfolio manager and at National Bank of Canada, in their Treasury department. Hugues holds a bachelor’s degree in Actuarial Sciences and a Master’s in Finance (M.Sc) from Laval University as well as a CFA designation.
Chief Technology Officer
As Chief Technology Officer, Isabelle will oversee all aspects of technology and will be responsible for steering the technology vision that supports the business growth strategy. Isabelle will lead a global team responsible for the development of scalable, innovative and secured solutions that improve Innocap’s products and services. She will oversee software development, information and cybersecurity, end-user computing solutions and technology infrastructure. Isabelle will report to Andrew Lapkin, COO.
Isabelle was previously Innocap’s CTO. At Innocap, Isabelle ensured the robustness of the information systems and modernized them. She also oversaw the innovative roadmap for core data and analytics, and positioned technology and IT professionals as a core element of the business. Isabelle has over 20 years of IT experience in the financial industry. Prior to joining Innocap, she served as Senior Director responsible for the digital strategy and technological evolutions for the Private Markets and Finance teams at the Public Sector Pension Investment Board (PSP Investments). Prior to that, she spent 15 years at National Bank of Canada in various technology leadership roles related to IT service delivery, architecture and software development, more specifically for risk management and fixed income securities. Isabelle holds a Master’s degree from IÉSEG School of Management at the Institute of Scientific Economics and Management in Lille, France as well as an MBA from Université du Québec à Montréal.
As President, Josh will be responsible for DMA platform operations and onboarding, product development, business development, marketing, client coverage and lnnocap for change. He will lead all client, product and service-related activities. Josh will focus on continuing to evolve and enhance our industry-leading offering and deliver an exceptional client experience enabling Innocap to transform the industry. Josh will report to François Rivard, CEO.
Josh was previously Head of HedgeMark and was responsible for overall management of the HedgeMark business. He was responsible for strategically developing the HedgeMark CMA platform and helped build it from an idea into the largest CMA platform in the industry. Josh has more than 20 years of experience in the hedge fund industry and 17 years of managed account experience. Prior to joining HedgeMark, Josh spent 8 years at Deutsche Bank serving in various senior roles including Head of Managed Account Platform Operations for Deutsche Bank’s X-Markets Hedge Fund Platform in the U.S. and Chief Administrative Officer of DB Advisors Hedge Fund Group. He began his career as an associate in the Investment Management Group of New York law firm, Schulte Roth & Zabel LLP.
Josh has authored numerous articles on the subject of dedicated managed accounts and has been a featured speaker at many managed account industry events. He is the Co-Founder and Co-President of Trial Blazers for Kids and a board member of Cannonball Kids cancer, both of which are foundations focused on pediatric cancer research. Josh received a J.D., cum laude, from the University of Pennsylvania Law School and a BA, summa cum laude, from Rutgers College.
Global Head of Business Applications Development
As Global Head of Business Applications Development, Kavi will be responsible for leading the technology development teams building and enhancing the company’s technology used to deliver our products and services. This includes all of the software and systems for data enrichment, managed account operations, risk analytics, performance reporting, investment guideline monitoring and client reporting solutions. As head of application development, Kavi will be responsible for designing, planning, coordinating and supervising all activities related to Innocap’s software applications. Kavi will work closely with business managers to ensure the company’s technology supports the business in reaching its goals for productivity, profitability and client experience. He will report to Isabelle Colin, Chief Technology Officer.
Kavi was previously head of technology for HedgeMark. He was instrumental in HedgeMark’s technology development efforts, initially joining and working in India to build out HedgeMark’s technology team before moving to New York and managing a global team responsible for maintaining, supporting, and upgrading existing systems and applications. Kavi has 26 years of IT experience in the financial industry specializing in Alternatives. Prior to joining HedgeMark, he held various technology leadership roles and built several low latency / high performance systems for prime brokerage businesses at Morgan Stanley, Bear Stearns and Credit Suisse First Boston. Kavi received a BS in Computer Science from Manonmaniam Sundaranar University and a MS in Computer Applications from Bharathidasan University, India.
Chief People Officer
As Chief People Officer, Afroditi will be responsible for the talent, culture and compensation structures of the firm. She will lead all initiatives focused on talent acquisition and management, compensation as well as organizational culture, equity, diversity and inclusion. As CPO, Afroditi will strive to build a work environment that will offer employees fulfilling careers with us and will allow our workforce to be renowned as the best in the industry. Afroditi will report to François Rivard, CEO. Afroditi was previously Innocap’s Chief Compliance Officer. In that role, she built a robust compliance environment that met the strict and complex requirements of the multiple jurisdictions in which Innocap is registered. She developed an in-depth understanding of our business and its people, which will be a crucial asset in her new role as CPO.
Afroditi has over 15 years of experience working in the finance industry, having served as senior legal advisor for National Bank of Canada and its internal portfolio manager. She advised on fund and corporate structuring, private and public investment fund regulatory matters, mergers and acquisitions as well as the integration of acquired businesses. She also acted as Senior Compliance Officer and was registered with FINRA as a Supervisor for a New York-based broker-dealer, which gave her exposure to the US financial industry. Before entering the finance industry, Afroditi was a lawyer at Norton Rose Fulbright, working in Mergers & Acquisitions and Securities Law. She received her Bachelor of Laws with distinction from the University of Montréal.
Chief Operating Officer
As Chief Operating Officer, Andrew will be responsible for overseeing Innocap’s investment, risk analytics, data management, technology and transformation groups. He will be focused on ensuring we offer the industry’s most complete managed account platform and risk solutions. Andrew will work on improving the company’s operational scalability and increasing our operating leverage. He will concentrate on the company’s use of technology, data, risk analytics and operational processes to improve internal operations and most importantly, client solutions and the client experience. Andrew will report to François Rivard, CEO.
Andrew has over 30 years of experience in the financial services industry. Prior to joining Innocap, he was the CEO of HedgeMark International. Under Andrew’s leadership, HedgeMark grew to become the largest managed account platform provider in the industry. Prior to joining HedgeMark, he was a co-founder and President and Chief Operating Officer of Measurisk, a JP Morgan company that was formerly affiliated with The Bear Stearns Companies. While at Measurisk, a provider of sophisticated risk transparency and risk measurement solutions, Andrew oversaw risk reporting for clients representing over $650 billion in assets. Prior to forming Measurisk, he was a Vice President at Bankers Trust in charge of the development of risk and performance reporting systems and prior to that, a senior technology consultant at Andersen Consulting. Andrew received an MBA in finance and management from Columbia University and a BA in Economics from Lafayette College.
Chief Financial Officer
As Chief Financial Officer, Edmond will lead the finance and accounting function of Innocap. He will be responsible for corporate financial affairs, budgets and forecasts, and margin expansion activities. Edmond will ensure our internal financial process and protocols are institutional-level while ensuring we expand margins for shareholders in the process. He will report to François Rivard, CEO.
Edmond was previously leading the accounting and finance function at Innocap. He has over 13 years of experience in Finance and Accounting functions in the investment industry. Prior to joining Innocap, he was responsible for investment funds reporting and the accounting of global investments at Manulife Investment Management. He also worked as an auditor in the largest public accounting firm in Quebec. Edmond is an active Chartered Professional Accountant (CPA) in Canada and received his Bachelor of Commerce from John Molson School of Business in Montreal.
As General Counsel, Evelyne will be responsible for all legal and regulatory matters of Innocap. She will oversee the fund structuring, compliance and corporate affairs groups, manage all legal structuring, compliance and corporate aspects of setting up managed accounts and Innocap’s legal, regulatory and corporate matters. Evelyne will report to François Rivard, CEO.
Evelyne is Innocap’s General Counsel since 2016, and was previously in charge of the legal fund structuring team. As such, she helped design and build dedicated managed account platforms for sophisticated investors around the world and has negotiated fund agreements for over 15 years. Evelyne has been in the finance industry for 20 years, having previously worked at a large Canadian bank where she was notably in charge of corporate and regulatory matters for several regulated subsidiaries of the bank. She received a Bachelor of Civil Law and a Bachelor of Laws, with distinction, from McGill University.
Head of India Operations
As the Head of India Operations, Balaji will have responsibility for delivery of risk analytics from India in addition to overall responsibility for the firm’s India operations. Balaji will lead strategic initiatives to improve operational scalability and process efficiency. Balaji was previously HedgeMark’s Head of India Risk Operations. In that role he was responsible for overall delivery of risk analytics from India in addition to leading the strategic program to develop HedgeMark’s proprietary risk analytics workflow tools.
Balaji will report to Andrew Savino, Chief Risk and Data Officer. Balaji has over 14 years of experience in the investment industry. Prior to joining HedgeMark in 2011, he worked in sell side research firms building financial valuation models and also in a Private Equity firm validating investment proposals and performing due diligence. Balaji has a Bachelor Degree in Engineering and an MBA in Finance, both from Anna University, Chennai.
Global Head of Platform Accounting
As the Global Head of Platform Accounting, Neil will be responsible for overseeing the daily accounting functions of our Dedicated Managed Account solution, including the NAV review process, financial reporting, audit engagements and tax reporting. He will also be responsible for managing relationships with multiple vendors including fund administrators and external accounting firms as well overseeing the implementation of operational policies and procedures. Neil will report to Josh Kestler, President.
Neil was previously HedgeMark’s Head of DMA Accounting and Operations. He has more than 26 years of experience in the hedge fund industry and 18 years of managed account experience. Prior to joining HedgeMark, Neil was Chief Financial Officer of DB Advisors Hedge Fund Group responsible for all aspects of accounting, taxation and client reporting for Deutsche Bank’s fiduciary business of domestic and offshore hedge funds, hedge fund of funds and managed accounts with different trading strategies. He began his career in public accounting with Rothstein, Kass & Company and PricewaterhouseCoopers in onshore and offshore hedge fund administration, auditing and taxation. Neil received a BS in Business Administration with a concentration in Accounting from Montclair State University. He is a Certified Public Accountant (CPA) in New York State.
Head of Poland Operations
As Head of Poland Operations, Ryan will lead the services delivered by the Poland office and implement strategic initiatives to optimize client experience. Ryan will be focused on developing the Innocap brand and franchise. Ryan will report to Amanda Zarrillo and previously Ryan managed HedgeMark’s Dedicated Managed Account operations team based in Poland which facilitates all activities necessary for the day-to-day operational components of HedgeMark’s Dedicated Managed Account solution as well as counterparty relationship oversight.
Ryan has over 20 years financial services industry experience including ten years in the hedge fund industry. Prior to joining HedgeMark, Ryan worked as a Service Delivery Manager at UBS for Product Taxonomy, preceded by roles at Credit Suisse, Lehman Brothers, Deutsche Bank and Enron. Ryan received a BSc from the University of London, England.
Chief Executive Officer
As Chief Executive Officer, François will be responsible for establishing and delivering the overall vision, mission and growth strategy of Innocap. He will lead all strategic direction, c-suite management, market positioning, corporate development and board relationship activities. He will assume his role with the objective to achieve our vision to enhance the way value is created for the communities represented by our clients while maintaining our position as the industry-leading technology-enabled alternative investment platform. As CEO, François will be focused on ensuring our industry leadership and transformation thesis is achieved in line with our objectives relating to operating leverage, margin and multiple expansion. François will carry out his leadership mandate while being completely focused on ensuring all employees and clients are raving fans of Innocap and that our mission to provide institutional allocators with a superior way to structure, access and monitor their investments is delivered seamlessly. François will report to the Chairperson of the Board, Jane Buchan.
During his 25 years in the investment industry, François has held various senior functions in capital markets, wealth and asset management in Toronto, Montreal and London. Notably, in his role as Head of the Financial Products Group at National Bank of Canada, he was responsible for engineering and distribution of structured derivative-based investments globally. François is the recipient of Bishop’s University Top 10 Under 10 award, a standing YPO member (and past chapter board member), and has contributed or been featured in Bloomberg, the Globe and Mail, Derivatives Week, Structured Products Magazine as well as a featured speaker at various conferences in North America, London, Paris, Zurich, Abu Dhabi and Singapore. Since 2014 François has been a board member and active contributor to the CHU Sainte-Justine Foundation, one of the largest sick kids hospitals and research centers in North America. François received a BBA from Bishop’s University and an MBA from HULT Business School in London.
Chief Risk Officer
As Chief Risk Officer, Andrew will be responsible for overseeing the firm’s use of risk calculation tools, data and analytics in addition to implementing an integrated data operations strategy. As CRO, Andrew aims to foster a culture of Risk FinTech, creating market leading risk transparency and insight tools for the firm and its clients. He will report to Andrew Lapkin, COO.
Andrew was previously HedgeMark’s Head of Risk. In that role, he led overall risk product strategy and day to day risk operations. He has more than 15 years of experience in the hedge fund industry. Prior to joining HedgeMark in 2011, Andrew spent 4 years at Measurisk, LLC as a senior risk specialist focused on hedge fund market risk analysis. Early in Andrew’s career, he held various operational risk and anti-money laundering KYC roles at Deutsche Bank AG and Bank of New York. Andrew received a BBA in International Business and Business Management from Loyola University Maryland and is a Chartered Alternative Investment Analyst (CAIA).
Global Head of Products and Innovation
As Global Head of Product and Innovation, Terence will lead the delivery of solutions and drive execution of strategic initiatives to optimize operational excellence and margin expansion. He will be focused on ensuring alignment of product development and product deployment within the business strategy across the value chain. Terence will report to Josh Kestler and will remain CEO of Innocap’s Irish subsidiary. During his 20 years in the investment industry, he has held various senior functions in Dublin and London. Terence joined the company as Chief Executive Officer in 2016.
From 2008 to 2016, he was Chief Financial Officer of Bainbridge Partners LLP, a London-based Investment Manager with oversight of Finance, Operations, IT, Legal and Compliance. Prior to joining Bainbridge, Terence worked as a Controller at Fortress Investment Group, and as Deputy Chief Financial Officer at Leo Fund Managers Ltd both preceded by roles at Citigroup and Goldman Sachs. Terence is a fellow of the Association of Chartered Certified Accountants (“FCCA”) while having also obtained a BA in Business and Languages from Dublin City University in 2001.
Global Head of Business Development and Client Relationship Management
As the Global Head of Business Development, Ben will be responsible for fostering and developing all new client relationships for the firm and ensuring that each client receives exceptional service and overall client experience as well as maximizing the value of client relationships.. In this role, Ben will articulate and implement the firm’s strategy to drive growth and position Innocap as the market leader in product solutions. He will also oversee the firm’s broker-dealer business. Ben will strive to educate clients on industry trends and product solutions so that they are best positioned to harness the power of Innocap to solve their challenges and optimize their investments. Ben will report to Josh Kestler, President. He was previously HedgeMark’s Head of Business Development.
Ben has more than 20 years of experience working with institutional investors in the hedge fund industry. Prior to joining HedgeMark in 2012, he was President of Nighthawk Partners Inc., a third party marketing firm for hedge funds, where he was responsible for sourcing product and leading distribution in North America and Europe. Ben began his career in alternative investments at Asset Alliance Corporation, a hedge fund seeding business and early user of managed accounts. Ben received a BA in Economics from Union College and holds FINRA Series 7, 24 and 63 licenses with HedgeMark Securities LLC.
Global Head of Platform Operations
As the Global Head of Platform Operations, Amanda will be responsible for overseeing operations of our Dedicated Managed Account solution. Amanda’s mandate is to uphold best practices for hedge fund operations, while increasing efficiencies and expanding client reporting through HM Operations, a proprietary application developed to enhance and automate onboarding, operations and accounting processes for DMAs. Amanda reports to Josh Kestler, President.
Amanda was previously Chief Operating Officer of HedgeMark. She has 22 years of experience in the hedge fund industry. Prior to joining HedgeMark, Amanda spent 11 years as a trader for an emerging markets hedge fund as well as a credit and equity volatility fund within Deutsche Asset Management. Amanda received a BS from the University of Notre Dame and is a CFA Charterholder.