MCAP Inc. Expands ETF Division and Announces Senior Hire

Rhea-AI Summary

MCAP Inc. (OTC: MCAP), a financial technology firm, has hired Aaron Kehoe as Managing Director & Co-Head of its ETF division. With over 20 years of experience in the ETF industry, Kehoe's expertise will enhance MCAP’s market-making and liquidity services for institutional clients. This move aligns with increased customer interest in fixed income markets amid rising interest rates. The company operates multiple subsidiaries focusing on financial technology, cryptocurrency, and electronic securities market making, aiming to provide innovative trading solutions.

Positive

• Appointment of Aaron Kehoe as Managing Director & Co-Head of ETF Capital Markets to enhance ETF services.
• Increased interest in fixed income markets presenting growth opportunities.
• MCAP's strategic focus on expanding ETF infrastructure and market making capabilities.

Negative

• None.

ORLANDO, Fla., Oct. 19, 2022 /PRNewswire/ -- MCAP Inc. (OTC: MCAP), a financial technology company and electronic securities market maker, today announced a senior hire in its Exchange Traded Funds ("ETF") division.  The Company's broker dealer subsidiary, MCAP LLC, hired Aaron Kehoe as Managing Director & Co-Head of ETF Capital Markets.  Mr. Kehoe is a respected member of the ETF industry and has been innovating in the space for over 20 years.  He will play a key role in the expansion and growth of the Company's ETF market making and liquidity services provided to MCAP LLC's institutional customer base.  MCAP LLC continues to position itself as a leading technology, execution and customer service-driven market maker.

Mr. Kehoe joins MCAP from Brownstone Investment Group where he served as Managing Director, Head of Fixed Income Portfolio Trading.  Prior to joining Brownstone, he was Managing Director, Global Head of Fixed Income and Currency ETF Trading at both Knight Capital Group and Cantor Fitzgerald & Co.  At MCAP, Mr. Kehoe will be focused on the continued expansion of MCAP's ETF infrastructure and market making functionality to support customers' execution and liquidity needs.

Will Dennis, President at MCAP, stated, "As rates have risen over the past year, we have seen a renewed interest from our customers in fixed income markets.  Aaron brings with him a deep understanding of the nuances surrounding the trading of fixed income ETFs.  We are thrilled to have him joining our team and believe his experience will be an immeasurable asset to our customers going forward."

David Menn, CEO at MCAP, commented, "Aaron is a great addition to our ETF division and his expertise in fixed income ETFs will help us to continue providing market liquidity as a service to our institutional customer base.  With the recent changes in the interest rate landscape, we see opportunities in the fixed income markets that did not exist for much of the last decade."                                                                                                                                            

MCAP Inc. operates as a financial technology company. The Company has three subsidiaries:  MCAP Technologies LLC, MBIT LLC, and MCAP LLC.  MCAP Technologies LLC develops financial technology software utilized in various global financial markets.  MBIT LLC is a digital asset company focused on cryptocurrency, decentralized finance (DeFi) protocols and blockchain integration in the global financial markets.  MCAP LLC is a U.S. based broker-dealer focused on electronic securities market making.  MCAP LLC connects institutional investors, broker-dealers and companies to the global equity and fixed income markets on a 24/7 basis.  MCAP focuses on developing technologies to provide customers with customized trading solutions and unique market access.

Source:  MCAP Investor Relations - info@mcaptech.com 

Please visit our website:  www.mcaptech.com

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The matters discussed in this news release involve goals, forecasts, assumptions, risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.

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SOURCE MCAP Inc.

FAQ

What recent changes occurred in MCAP's ETF division?

MCAP Inc. appointed Aaron Kehoe as Managing Director & Co-Head of ETF Capital Markets.

Who is Aaron Kehoe and what will he do at MCAP?

Aaron Kehoe is a seasoned ETF professional with over 20 years of experience, focusing on expanding MCAP's ETF market-making services.

What impact does rising interest rates have on MCAP's business?

Rising interest rates have led to increased client interest in fixed income markets, presenting growth opportunities for MCAP.

What subsidiaries does MCAP operate?

MCAP operates MCAP Technologies LLC, MBIT LLC, and MCAP LLC, focusing on financial technology, digital assets, and electronic securities market making.

Where can I find more information about MCAP Inc.?

More information is available on MCAP's website at www.mcaptech.com.