Mitch Caplan

Last updated

Mitchell H. Caplan is a former CEO of E-Trade Financial Corporation.

Contents

Background

Caplan grew up in Portsmouth, Virginia, and graduated from the Norfolk Academy in 1975. He subsequently received a BA in history from Brandeis University – later receiving his JD and an MBA from Emory University.

Caplan became involved with Juvenile Diabetes Research Foundation, serving on its board, when one of his daughters (Ilana, 21) was diagnosed with diabetes. He has also served as a board member for the American Committee for the American Committee for the Weizmann Institute of Science (ACWIS) and the Aspen Music Festival and School, as well as on the Corporate Fund Board of the Kennedy Center for the Performing Arts and as chairperson for Teach for America's Washington, DC advisory board.

Career

From 1984 to 1990 Caplan was an associate of the law firm Shearman & Sterling. [1] Caplan served as vice-chairman and president of Telebanc Financial Corporation, a federally chartered savings bank, from January 1994. Caplan became CEO of Telebanc in 1998. E-Trade Financial acquired Telebanc in early 2000. The bank became known as E-Trade Bank.

After the acquisition of Telebanc, Caplan served as chief financial products officer and managing director of E-Trade North America. He also became chairman of the board and CEO of E-Trade Bank. In 2002, Caplan was named president and COO of E-Trade Financial. In January 2003, after the departure of Christos Cotsakos, Caplan became CEO and director of E-Trade Financial.

During his term as CEO, Caplan was instrumental in the strategic acquisitions of Harrisdirect from Bank of Montreal and BrownCo from JPMorgan Chase.

During the credit crisis of 2007, Caplan was criticized for investing in risky and complex debt instruments. He stepped down as CEO of E-Trade on November 29, 2007. That same day, an agreement with Citadel LLC was announced resulting in a cash infusion of $2.5B. [2]

From October 2008 to 2010 Caplan served as a senior advisor with Aquiline Capital Partners, a private equity firm based in New York, which invests in financial services enterprises and industries including property and casualty insurance, banking, securities, asset management, life insurance and financial technology. [3] [4]

In 2010 Caplan became CEO of Jefferson National, a financial services firm that specializes in servicing registered investment advisers and their clients. [5] In his time at Jefferson National, Caplan has oversaw a management buyout from CNO Financial Group Inc. (then Conseco Inc.) in 2012. [6]

In 2018, Professional Capital Services, an independent retirement services platform, announced the appointment of Mitch Caplan to its board of directors. [7]

Related Research Articles

Morgan Stanley American financial services company

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City. With offices in more than 42 countries and more than 60,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 67 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.

Lazard American investment bank

Lazard Ltd is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London.

E-Trade American financial services company

E-Trade Financial Corporation, a subsidiary of Morgan Stanley, offers an electronic trading platform to trade financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, mutual funds, and fixed income investments. It also provides services for employee stock ownership plans, student loan benefit administration, advisor services, margin lending, online banking, and cash management services. The company receives revenue from interest income on margin balances, commissions for order execution, payment for order flow, and management services. The company has 30 branches.

Donaldson, Lufkin & Jenrette American investment bank

Donaldson, Lufkin & Jenrette (DLJ) was a U.S. investment bank founded by William H. Donaldson, Richard Jenrette, and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management.

Jefferies Group LLC is an American multinational independent investment bank and financial services company that is headquartered in New York City. The firm provides clients with capital markets and financial advisory services, institutional brokerage, securities research, and asset management. This includes mergers and acquisitions, restructuring, and other financial advisory services. The Capital Markets segment also includes its securities trading and investment banking activities.

Citadel LLC American hedge fund and financial services provider

Citadel LLC is an American multinational hedge fund and financial services company. Founded in 1990 by Kenneth C. Griffin, the company operates two primary businesses: Citadel, one of the largest hedge funds with more than US$38 billion in assets under management ; and Citadel Securities, the largest market maker in stocks, options, and interest rate swaps for retail and institutional clients, handling 40% of the stock trades in the United States.

Perella Weinberg Partners U.S.-based financial services firm

Perella Weinberg Partners L.P. is a global financial services firm focused on investment banking advisory services.

Stifel American investment bank

Stifel Financial Corp. is an American multinational independent investment bank and financial services company created under its present name in July 1983 and listed on the New York Stock Exchange on November 24, 1986. Its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company and is headquartered in downtown St. Louis, Missouri.

Ladenburg Thalmann American financial services company

Ladenburg Thalmann Financial Services is a diversified financial services company with two primary business lines: independent brokerage and advisory and investment banking and capital markets. The company is engaged in investment banking, equity research, institutional sales and trading, brokerage services, asset management, and trust services. Ladenburg Thalmann Financial Services is based in Miami, Florida. The company has more than 4,000 financial advisors with approximately $125 billion in client assets.

Gary Lewis Crittenden is an American financial manager. He is currently an executive director of HGGC, where he also previously served as CEO and chairman. He is also the former chairman of Citi Holdings. He has served on the boards of Staples Inc., Ryerson, Inc., TJX Companies, and Utah Capital Investment Corp. From 2000 to 2007, Crittenden was Executive Vice President and Chief Financial Officer (CFO) of American Express, and from March 2007 to March 2009, he was the chief financial officer of Citigroup.

Baird (investment bank) American investment firm

Robert W. Baird & Co. is an American multinational independent investment bank and financial services company. It is the principal U.S. operating subsidiary of Baird, an international, employee-owned financial services firm providing investment banking, capital markets, private equity, wealth management, and asset management services to individuals, corporations, institutional investors, and municipalities.

Macquarie Group Australian investment bank and financial services company

Macquarie Group Limited is an Australian multinational independent investment bank and financial services company. Headquartered and listed in Australia, Macquarie employs more than 15,000 staff in 31 markets, is the world's largest infrastructure asset manager and Australia's top ranked mergers and acquisitions adviser, with more than A$595 billion in assets under management. The company's operating groups include Banking and Financial Services, Commodities and Global Markets, Macquarie Asset Management and Macquarie Capital.

Robertson Stephens is a wealth management firm with offices in San Francisco, New York, Idaho and New Jersey, serving high net worth individuals and family offices. The firm is registered with the United States Securities and Exchange Commission as an investment advisor.

Jérôme de Bontin is a Franco-American businessman and football administrator.

McDonald & Co. was a full-service investment firm based in Cleveland, Ohio, established in 1927. Internally, it was referred to as "McD" (mick-D). It was sold to hometown bank KeyCorp in 1998, but was eventually sold to the U.S. investment arm of Swiss banking giant UBS AG in 2007.

Guggenheim Partners is a global investment and advisory financial services firm that engages in investment banking, asset management, capital markets services, and insurance services.

Centerview Partners is an American independent investment banking firm. Centerview operates primarily as an investment banking advisory firm. Centerview has 60 partners and 300 professionals with expertise across a wide range of industries, geographies, transaction structures and sizes. Centerview is widely regarded as one of the most prestigious investment banking advisory firms, and have advised more than $3 Trillion in transactions worldwide.

Peter F. Borish is Chairman and CEO of Computer Trading Corporation (CTC), an investment and advisory firm whose largest consulting client is CIBC. He also advises Adam Hoffman's natural gas options trading team at Torsion Technologies and Norbury Partners, a recently launched minority-owned discretionary global macro hedge fund. Previously, through CTC, Borish was chief strategist of Quad Group and its affiliated companies. In his role, Borish was engaged in recruiting new talent for Quad and working with the founding partners on business strategy. In addition, he helped traders develop a methodology to enhance their performance by serving as a trading coach. Borish is Chairman and CEO of Computer Trading Corporation (CTC), and a current investor and advisor to ValueStream Ventures. He was also a founding investor in Charitybuzz.

Nicholas Schorsch

Nicholas Sloan "Nick" Schorsch (born March 2, 1961) is an American entrepreneur, investor, and philanthropist. Schorsch is the Chairman, CEO, and co-founder of the investment services firm American Realty Capital.

References

  1. ↑ "IT 100 Special Report 2006: E-Trade Financial", BusinessWeek. Accessed 3 December 2007
  2. ↑ MarketWatch. "CEO leaves as E-Trade gets $2.55 bln from Citadel". MarketWatch. Retrieved 2021-01-04.
  3. ↑ "Mitchell Caplan Joins Aquiline Capital Partners as an Executive Advisor". Business Wire, October 21, 2008. 2008.
  4. ↑ "Mitchell Caplan Joins Aquiline Capital Partners as an Executive Advisor". The Wall Street Journal, Career Journal, Susanne Craig, October 21, 2008. 21 October 2008.
  5. ↑ "Greater Louisville Inc - The Metro Chamber of Commerce". greaterlouisville.com. Archived from the original on 2015-06-14. Retrieved 2015-06-13.
  6. ↑ "What ex-E*TRADE CEO Mitchell Caplan says emboldened him to lead an $83 million management coup of Jefferson National". riabiz.com.
  7. ↑ Services, Professional Capital. "PCS Announces the Appointment of Visionary Financial Services Leaders Tom Bradley and Mitch Caplan to its Board of Directors". www.prnewswire.com. Retrieved 2020-02-18.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.