BOCA RATON, Fla.--(BUSINESS WIRE)--Incapital LLC, a leading underwriter and distributor of fixed income securities, today announced that George Holstead has joined the firm as Co-Head of Fixed Income, reporting directly to CEO John DesPrez. In this role, Mr. Holstead will be part of the Executive Committee and will lead the Institutional Fixed Income business.
Mr. Holstead will be based in Boca Raton and work closely with Laura Elliot, Co-Head of Fixed Income, in advancing the broader strategy within Fixed Income.
“As a proven leader with extensive industry relationships, George will be a valuable addition to the Fixed Income Division,” said John DesPrez, CEO of Incapital. “As we continue to build on our existing momentum, George will spearhead the expansion of our capabilities and the growth of our team both organically and with strategic hires and acquisitions.”
Mr. Holstead joins Incapital from Brean Capital where he was a Managing Director responsible for the creation and build out of the Middle Market and Financial Institutions Group. During that time, he was a producing salesperson focused on U.S. Agency, mortgage-backed, and credit securities markets. He brings with him over two decades of outstanding sales performance, coupled with an exceptional track record of establishing and expanding highly successful and productive fixed income divisions for large regional broker dealers such as Raymond James and Sterne Agee.
“Incapital has an exceptional culture that is driven, and supported, from the top of the organization. The firm is ideally positioned to grow its platform by capitalizing on the trend toward consolidation across the industry. I’m excited to be joining such a prestigious team with a stellar reputation for building strong client relationships,” said Mr. Holstead.
He added: “I am very grateful to my past employers and look forward to working with them in my new capacity at Incapital.”
Mr. Holstead earned a B.A. in Business from Texas Wesleyan University and holds FINRA security licenses Series 7, 9, 10 and 63.
Incapital was founded 20 years ago to deliver innovative, institutional-quality investments to the retail market. Today, the firm continues to underwrite and distribute InterNotes® retail corporate notes, Market-Linked Products, and other securities to more than 500 broker-dealers, institutions, asset managers, RIAs and banks. The firm represents more than 300 issuing entities and has underwritten more than $500 billion in securities. Incapital is headquartered in Chicago, IL and has a principal office in Boca Raton, FL. Further information is available at www.incapital.com.