Private equity firm Aquiline Capital Partners has hired former E*TRADE Financial chief executive Mitchell Caplan as an executive advisor.
Caplan will assist the financial services-focused firm in evaluating global opportunities in the retail financial services sector, according to a statement from New York-based Aquiline.
Caplan joined E*TRADE in 2000 when the online stock trading giant acquired Telebank, at the time one of the nation’s first pure-play internet banks. Caplan was president and chief executive of Telebank.
Aquiline specialises in financial services enterprises such as property and casualty insurance, specialty finance,
securities, asset management, life insurance and transaction processing.
The firm, founded in 2005 as a joint venture between Venturion Capital and Marsh & McLennan chief Jeffrey Greenberg, closed its debut fund on $1.1 billion last year. Greenberg, the son of former AIG head Maurice “Hank” Greenberg, resigned from the insurance broker in 2004 amid bid-rigging and price-fixing allegations levied by then New York attorney general Eliot Spitzer.
In May, Aquiline led a consortium including TPG and New Mountain Capital to found mid-market credit group Tygris Commercial Finance Group. The consortium seeded Tygris with $1.75 billion.