Scott Mitchell, a 20-year veteran of J.P. Morgan, has joined InspereX as its CEO, succeeding former CEO John DesPrez III.
"The firm just has great people, and a really unique culture, even then, and even more so now, the breadth and depth of the client relationships, both on the HR side and on the distribution side," Mitchell said.
InspereX represents more than 400 issuing entities, with over 1,500 partners and has distributed more than $800 billion in new issue securities, according to a press release.
"When you combine all of those things about the firm, the opportunity to work with [founder and chairman Tom Ricketts] … and then my background, which particularly at the beginning of my 20 years at J.P. Morgan of opening up new distribution channels and bringing new products to market, and then you add the current trend towards alternatives, it was too good of an opportunity to pass up," Mitchell said.
Mitchell hopes to bring some creativity and counsel "in terms of what products would be interesting to bring to the financial advisor market" to Insperex, along with broadening the firm's product spectrum and technological capabilities, he said.
"Technology is pretty key to everything we do across the fixed-income market-linked investments," Mitchell said.
The firm has several products in the pipeline, but Mitchell could not comment on specifics.
"InspereX is known for innovation in technology and diversified investment solutions that help investors manage risk and capture market opportunities," Mitchell said. "Given market uncertainty, with higher rates and rising equity market volatility, this is the ideal time for investors to seek the type of defined outcome solutions we offer."
InspereX's approach to helping investors achieve their goals "fueled the firm's record performance last year and will continue to be the catalyst for our growth in the years to come," he said.
InspereX has a banner year in 2024, according to a press release, with record results across its fixed income and structured products offerings.
The firm also surpassed $2 billion in sustainable finance underwriting for Calvert Impact Capital and InspereX's Community Development Financial Institution issuer partners.
"Scott is a proven leader with extensive experience across asset classes," Ricketts said in a statement. "He will accelerate our growth by driving client service and expanding the value-added investment and technology solutions we provide to broker-dealers, institutional investors, financial advisors, and registered investment advisors, focused on helping investors achieve their objectives."
At J.P. Morgan, Mitchell held senior positions across equity derivatives and cross-asset structured investment sales and marketing.
Before that, he worked in equity derivatives for CIBC Capital Markets.
He earned a Bachelor of Business Administration degree from Wilfrid Laurier University in Waterloo, Ontario.
