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Lockton Inc. starts capital markets business

Lockton Inc., in partnership with Antarctica Capital LLC, has launched Lockton Capital Markets.

Based in New York, this operation will help with investment banking and capital markets transactions, focusing on the convergence between insurance and alternative capital.

Vishal Jhaveri will serve as CEO of Lockton Capital Markets. Jhaveri previously was head of insurance and pension solutions at Citigroup Inc. Michael Calabrese, founder and current chairman of Lockton's Northeast operations, will also serve as chairman of Lockton Capital Markets.