DALLAS--(BUSINESS WIRE)--Capital Institutional Services, Inc. (CAPIS), a leading provider of institutional brokerage and commission management services, announced today the launch of their new managed account service.
This new service, CAPIS ARC (Allocation, Reconciliation, and Clearing), will simplify post-trade allocation for investment managers, trust banks, and transition managers alike; allowing managed account orders to be executed with the investment manager’s broker of choice.
Jim Morrow, Chief Operating Officer, said, “With CAPIS ARC, our goal is to assist our investment manager clients by providing a settlement utility that simplifies and improves their process of providing best execution for their managed account clients.”
CAPIS welcomes three new employees to manage this new service:
Mark Viani will serve as CAPIS’ Director of Managed Account Services. Mr. Viani most recently worked as Managing Director, Electronic Products Group with Cowen & Company, LLC, and brings over 28 years of experience to CAPIS.
Robert McHeffey will serve as a Sales Executive with CAPIS. Mr. McHeffey brings over 28 years of industry experience, most recently as Co-Director, Electronic Products Group with Cowen & Company, LLC.
Jessica Oliveras-Yu will serve as a Client Service Representative with CAPIS. Ms. Oliveras-Yu has 16 years of industry experience, most recently serving Cowen & Company, LLC as their Vice President, Electronic Products Group.
Mr. Viani said this about his new role with CAPIS, “CAPIS has the technological, operational, and reporting capabilities we were seeking in a partner, and the management at CAPIS is always seeking new and innovative ways to achieve best execution mandates for their clients. Our product was a perfect fit with their philosophy.”
Mr. Morrow added, “Mark and his team have an unparalleled level of expertise with managed accounts which will prove invaluable when helping managed account advisors implement this utility and employ the product to its maximum benefit.”
About Capital Institutional Services, Inc. (CAPIS)
CAPIS is a leading independent U.S. institutional broker specializing in global agency trading, independent research and commission management programs for asset managers, plan sponsors and broker-dealers. Supported by advanced trading technology, CAPIS’ traders deliver superior execution in domestic and international equities, fixed income, derivatives and program trading. With over 35 years of experience in the independent research and commission management business, the firm’s industry leading CCA and CSA programs provide added tools for reducing transaction costs and improving performance. Founded in 1977, CAPIS is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the National Futures Association, and SIPC. For more information, visit www.CAPIS.com.