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Iconiq Capital co-founder departs to start rival firm

Chad Boeding, one of the co-founders of ICONIQ Capital LLC, has left to launch a rival company, EPIQ Capital Group LLC.

At least 10 now-former employees of Iconiq Capital, a San Francisco-based global multifamily office and merchant bank, have joined EPIQ in May, their LinkedIn profiles show, according to Bloomberg News.

EPIQ Capital is a boutique multifamily office serving a select group of clients who have a net worth of more than of $100 million.