InspereX Appoints Two Senior Executives in Wealth Management Solutions Division

INDUSTRY VETERANS TO DRIVE ORIGINATION AND DISTRIBUTION AMID GROWING CLIENT DEMAND FOR MARKET-LINKED PRODUCTS

Palm Beach County, FL, April, 20, 2021 – InspereXSM, the new tech-driven fixed income market distribution and trading firm formed by the merger of Incapital Holdings LLC and 280 CapMarkets LLC, today announced two appointments in its Wealth Management Solutions Division: the hiring of Nicholas Whiteley as Managing Director, Market-Linked Products Origination and Alternative Distribution, and the promotion of Bob McDermott to Managing Director, National Sales Manager.

 

InspereX’s Wealth Management Solutions Division originates and distributes Market-Linked Products to thousands of financial advisors at banks, independent broker-dealers, and registered investment advisory firms. From 2019 to 2020, the firm’s Market-Linked Products business grew by 39%.

 

InspereX provides unparalleled access to the fixed income markets for issuers and investors, uniting the leading fixed income and risk management solutions underwriting, origination, trading, and distribution capabilities of Incapital LLC with the innovation of 280 CapMarkets and its revolutionary fixed income tech platform, BondNav®.

 

The Appointments

Mr. Whiteley, most recently Vice President of Equity Derivatives at Credit Suisse, joins InspereX as Managing Director with strategic responsibility for product integration across the new tech-driven platform. He will report to Deryk Rhodes, Head of Market-Linked Product Trading & Origination.

Speaking to Mr. Whiteley’s appointment, Mr. Rhodes said, “We’re very excited to welcome Nick back to the firm; his expertise will be paramount in advancing our Market-Linked Products origination platform and technology-driven distribution as we continue to see robust demand from our clients for tailored solutions.”

Mr. McDermott, formerly Senior Vice President, has been promoted to Managing Director, National Sales Manager, leading InspereX’s external wholesaling team. He reports to Chris Mee, Head of Wealth Management Solutions Distribution.

In recognizing Mr. McDermott’s promotion, Mr. Mee said, “Bob’s leadership has been instrumental in the growth and success of our Market-Linked Product wholesaling team during his tenure. Since joining Incapital in 2016, Bob has taken on several leadership roles where his positive attitude and creative thinking have been invaluable to the overall success of the organization.  On behalf of the firm, we congratulate Bob on this well-deserved promotion, and we look forward to his contributions as we continue our strong momentum.”

 

About the new appointments:

  • Nicholas Whiteley, Managing Director, Market-Linked Products Origination and Alternative Distribution, is rejoining the firm after spending nearly three years at Credit Suisse, where he led structured products origination and broker-dealer distribution. Previously, Mr. Whiteley worked for Incapital for more than ten years in a variety of roles in both Europe and the U.S., most recently focused on equity-linked product origination and distribution. Mr. Whiteley earned a Bachelor of Law from King’s College London and Master of Law from BPP University. He holds FINRA security licenses Series 7, 24, and 63 and is based in Palm Beach County, FL.
  • Bob McDermott, Managing Director, National Sales Manager, Wealth Management Solutions Division, will employ his 25+ years of experience to further develop Incapital’s relationships and distribution network. Prior to joining Incapital, Mr. McDermott was a Senior Vice President and Head of Relationship Management at F-Squared Investments. Previously, he helped launch Orinda Asset Management, where he was a partner and served as Principal of the Capital Markets Group. Before launching Orinda, Mr. McDermott worked for sixteen years at Putnam Investments, where he served as a Senior Vice President of the firm’s retail management division. Mr. McDermott earned a Bachelor of Arts in Political Science from Providence College. He holds FINRA security licenses Series 7, 24, and 63 and is based in Palm Beach County, FL.

 

About InspereX

InspereX provides investors, financial advisors, and risk managers unparalleled access to the fixed income markets across asset classes. Focused on delivering true price transparency, liquidity, best execution targeting price improvement, the information advantage gained through data-aggregation, and industry-leading Market-Linked Product education – InspereX inspires greater confidence through the power of technology.

The firm is a leading underwriter and distributor of securities to more than 800 broker-dealers, institutions, asset managers, RIAs, and banks. InspereX represents more than 300 issuing entities and has underwritten more than $550 billion in securities. The firm has seven trading desks and over 200 employees with principal offices in Palm Beach County, FL; Chicago; and San Francisco.

InspereX is a brand name for the firm, including Incapital LLC and 280 Securities LLC. Securities offered through Incapital LLC, Member FINRA/SIPC, and 280 Securities LLC, Member FINRA/SIPC.  InspereX Holdings LLC intends to merge these broker-dealers following customary regulatory approval, expected during the second quarter of 2021.  BondNav® is owned by InspereX Technologies LLC, an affiliate of Incapital LLC and 280 Securities LLC. This announcement is not an offer or solicitation to purchase any securities. New issue securities can only be offered and sold pursuant to the corresponding offering documents.

Further information is available at www.InspereX.com.

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