iCapital, a fintech company focused on alternative investments and other non-traditional products for wealth managers and advisors, has appointed wealth-management executive Gary Gallagher as president, reporting to Chairman and CEO Lawrence Calcano.
In the role, Gallagher will help lead iCapital’s go-to-market activities across the U.S., including oversight of client relationships, investment product distribution, and the scaling of platform and technology initiatives.
Gallagher joins iCapital after more than three decades building and scaling financial advisory and wealth-platform businesses. He most recently served on the executive team at Fidelity Institutional as head of strategic business development, where he worked on partnerships with private equity firms, wealth technology providers, asset managers, and other industry participants. iCapital said his responsibilities at Fidelity also included investment platforms and advisory solutions spanning managed accounts, alternative investments, digital assets, portfolio engineering, and research.
Earlier in his career, Gallagher was president of Fidelity Institutional Wealth Advisor and held senior leadership roles in product, platform, and business development at LPL Financial, Citibank, and KPMG. He holds a BBA from the University of Wisconsin–Madison and an MBA from the University of Michigan’s Ross School of Business.
The appointment follows broader hiring and expansion efforts the company highlighted as part of its leadership investment strategy. iCapital said it grew its global workforce by 31% in 2025 to more than 2,200 employees and expanded its footprint with new offices in Sydney, Abu Dhabi, and Miami. The company also cited recent leadership additions and appointments including Henrique Francisco as chief technology officer, Jeff McGoey as chief operating officer, and Sonali Basak as chief investment strategist, along with the promotion of Bekka Marrs to chief product officer.
iCapital said it services more than $1 trillion in assets globally on its platform as of Oct. 31, 2025, including $283.9 billion in alternative platform assets, $228.8 billion in structured investments and annuities outstanding, and $542.2 billion in client assets reported on. The company said it serves more than 3,000 wealth management firms and 121,000 active financial professionals.
KEY QUOTES:
“We’re excited to welcome Gary Gallagher to iCapital—an incredibly experienced industry executive I greatly respect for his ability to deliver meaningful results for clients and partners, as well as his commitment to fostering a culture of client centricity and teamwork. Culture is a critical component of our success, and Gary understands that and is excited to be a part of it. Gary’s deep expertise in addressing customer needs, combined with his track record of excellence in execution and delivery, will ensure our clients realize the full value of our platform and product offerings.”
Lawrence Calcano, Chairman and CEO, iCapital
“I’m honored to join iCapital at this pivotal moment for our industry’s evolution and success. What drew me to this opportunity is iCapital’s strong client-centric culture, which aligns perfectly with my leadership philosophy and passion for driving large-scale commercial organizations. I look forward to collaborating with this forward-thinking team, and together we will expand and deepen client relationships, elevate the go-to-market strategy, and accelerate investment product distribution—all with the goal of driving outstanding outcomes for clients.”
Gary Gallagher, President, iCapital
