Incapital LLC, a boutique investment bank that underwrites and distributes fixed-income products to individual investors, is assembling a syndication team in London, say officials familiar with the plans. The firm is in the market to hire a syndication head as well as several syndication bankers to build its London team. Brian Walker, managing director at Incapital in Chicago, referred calls to Tom Ricketts, ceo, who did not comment by press time.
Incapital launched its InterNotes program last year along with partner Banc of America Securities. InterNotes are publicly registered medium-term notes, sold mainly to retail investors. To date, the firm has issued roughly $8 billion from U.S. corporates such as Boeing Capital, Bank of America, DaimlerChrysler and Household International.