Date: 5/12/2016
Source: Incapital
Author: Incapital

Incapital Expands Its Fixed Income Division

New York, May 12, 2016 – Incapital LLC, a leading underwriter and distributor of fixed income securities, today announced the addition of Chris Patronis and Anthony T. Ruggiero as Managing Directors in the firm’s Fixed Income division. Both report to Edward LaScala, Institutional Sales Manager at Incapital. 
Mr. Patronis will bring capital markets expertise and client-focused investment solutions to state and local governments in all 50 states, as well as U.S. territories. His efforts will support the firm’s leading agency trading and underwriting capabilities. He joined Incapital in late April and is currently based in New York, but will soon relocate to the firm’s Boca Raton office.

A member of the securities industry for thirty years, Mr. Patronis previously held the role of Director at Credit Suisse for six years, where he focused on the structured trading and sales of linear rates products. Earlier, he was a Managing Director at Hypo Banking Group for nearly ten years and Vice President at GE Capital for six years. 

Mr. Ruggiero specializes in advising depository clients in all phases of balance sheet and capital management. He will help augment Incapital’s existing relationships with banking institutions and expand the firm’s growing capital markets capabilities within its Financial Institutions Group (FIG). He joined Incapital in late January and is based in New York. 

Prior to joining Incapital, Mr. Ruggiero was a Managing Director with Sterne Agee and a senior member of the company’s bank-focused Fixed Income team for three years. Earlier, he was Head of Depository Coverage for the Fixed Income group at Keefe Bruyette & Woods for five years and Managing Director at Sandler O’Neill for more than ten years. 

Mr. Ruggiero rejoins his former colleague Matthew J. Mara, who currently serves as Managing Director in FIG based out of the firm’s Chicago office. Previously he worked as a Managing Director for both Stern Agee and Keefe, Bruyette & Woods. 
“Anthony and Chris are welcome additions to our existing Fixed Income business,” said Fred Lucier, Head of Fixed Income at Incapital. “Their insight and perspective into their respective market segments will allow the firm to provide an even higher level of partnership to our clients. The timing of this build out is especially important given the current state of affairs in many segments of fixed income markets. We believe Incapital will be in an excellent position to help our partners navigate whatever challenges may arise.” 

About Incapital LLC
Incapital was founded in 1999 and today is a leading underwriter and distributor of securities to more than 800 broker-dealers, institutions, asset managers, RIAs and banks. The firm represents more than 300 issuing entities and has underwritten more than $400 billion in securities. Since expanding the capital markets product base in 2012 to include preferred stock, Incapital has participated in the underwriting of nearly $36 billion in corporate debt and preferred stock. The firm is headquartered in Chicago, IL and has a principal office in Boca Raton, FL.