Aquiline adds former E*TRADE exec as advisor

The financial services-focused firm has hired Mitchell Caplan, former chief executive of the online stock trading giant. Founded in 2005 as a joint venture between Venturion Capital and Jeffrey Greenberg, Aquiline is currently investing its debut $1.1bn fund.

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,

Caplan: former
Telebank chief

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.