Incapital, the Chicago-based investment firm run by Chicago Cubs owner Tom Ricketts, announced on Tuesday that it will open an institutional sales office in Salt Lake City, Utah.
Additionally, the firm has appointed two vice presidents to its institutional sales team — William Money and Marcus Nield — to run the office.
The firm will maintain it offices in Boca Raton, Fla. and Chicago. It has approximately 170 employees.
“We are pleased to welcome Bill and Marcus to the institutional sales team as we expand Incapital’s presence to a new region in the U.S.,” John Radtke, CEO of Incapital, said in a statement. “We view this as an instrumental step in growing our institutional sales base nationwide.”