Sonali Basak Joins iCapital® as Chief Investment Strategist

NEW YORK--(BUSINESS WIRE)--Aug 11, 2025--

iCapital1, the global fintech company shaping the future of investing, today announced the appointment of Sonali Basak, former lead Wall Street correspondent for Bloomberg Television, as Chief Investment Strategist. In this role, Ms. Basak will help develop and deliver the firm’s strategic thought leadership across public and private markets, provide actionable insights, and strengthen iCapital’s position as a trusted industry voice.

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“The wealth industry is undergoing a significant transformation, and individual investors should have increased access to the same private market opportunities that have driven institutional returns for decades,” said Ms. Basak. “iCapital aims to be the central authority linking the wealth community with the top asset managers across the world. I’m thrilled to bring my expertise to engage with financial advisors, investors, and asset managers every day. My role will be to deliver data-driven and actionable insights to iCapital’s clients and partners across both public and private markets.”

As Chief Investment Strategist, Ms. Basak will lead and articulate iCapital’s investment outlook, thoughtful data-driven content, and support client decision-making working closely with them as they implement their strategies.

“We’re very excited to welcome Sonali to iCapital,” said Lawrence Calcano, Chairman and CEO of iCapital. “She is an exceptional thought leader who brings a journalist’s curiosity, a strategist’s insight, and a communicator’s instinct – all of which will help us deepen our dialogue with clients and partners across the industry. As public and private markets continue to converge and advisors scale to meet increasing investor demands, Sonali will be instrumental in shaping iCapital’s market perspective and driving meaningful impact across the ecosystem. She is the ideal person to lead this important work and represent iCapital’s voice in the global investment conversation.”

Ms. Basak most recently served as Bloomberg Television’s lead global finance correspondent and anchor, where she covered the financial institutions shaping markets worldwide – from global banks and asset managers to private equity giants and hedge funds. She anchored Open Interest, Bloomberg TV’s flagship morning program focused on C-suite perspectives across industries, and hosted Bloomberg Invest, the firm’s premier annual financial conference. Her newsletter, Wall Street, By Basak., is widely regarded for its sharp, insider commentary on market trends, Wall Street firms, and shifts across the financial industry. Her reporting frequently appeared in Businessweek and Markets Magazine, where she conducted recurring Q&As with leading financial executives. Most recently, she created and hosted the original docuseries Bullish, which profiled influential voices in finance and demystified opaque corners of capital markets. Known for securing rare interviews with top Wall Street CEOs and breaking news on market-moving deals, Ms. Basak has earned a reputation as one of the most trusted and insightful voices in financial journalism over the past decade.

She holds a bachelor’s degree from Bucknell University, a Master of Science in Journalism from Northwestern University’s Medill School, and an MBA in Quantitative and Corporate Finance from NYU’s Stern School of Business. Ms. Basak will be based in iCapital’s New York City office.

About iCapital

iCapital is a global leader, shaping the future of global investing for financial advisors, wealth managers, asset managers, and other industry participants. iCapital offers a diverse and complete range of non-traditional investment products on iCapital Marketplace, Enterprise Solutions, and Data Intelligence, designed to help drive better outcomes 2 for all participants in the ecosystem.

With strategic investment from leading alternative asset managers, wealth managers, and service providers globally, iCapital provides unrivaled access, data connectivity, education, and research programs to advisors and their clients. Leveraging AI and machine learning for digital identity (KYC/AML), iCapital supports compliant and secure investment lifecycle processes.

iCapital's end-to-end platform manages the lifecycle of non-traditional investment products, making it easier to learn about, buy, manage, and integrate alternative assets, structured investments, and annuities into portfolios, driving growth, scale, and efficiency. Our solution(s) can be customized and offers specific modules as needed.

iCapital has $945 3 billion of assets serviced globally on its platform, including $257 billion in alternative platform assets, $203 billion in structured investments and annuities outstanding, and $485 billion in client assets reported on, and serving over 3,000 wealth management firms and 114,000 active financial professionals.

Headquartered in New York, iCapital operates globally with 16 offices, including major hubs in Zurich, London, Hong Kong, Singapore, Tokyo, and Toronto, and an industry-leading R&D center in Lisbon. iCapital is recognized for its innovation and leadership, with accolades from Euromoney (World's Best Technology Provider for Wealth Management), CNBC (World Top Fintech Companies), and Forbes Fintech 50.

For more information, visit https://icapital.com | X (Twitter): @icapitalnetwork | LinkedIn: https://www.linkedin.com/company/icapital-network-inc

1iCapital, Inc. and its affiliates (together, “iCapital”)
2iCapital delivers better outcomes by streamlining financial operations, enhancing technology infrastructure, and empowering smarter decision-making through reporting and analytics.
3As of June 30, 2025

Sonali Basak, Chief Investment Strategist, iCapital

NUUK, Greenland (AP) — Troops from several European countries, including France, Germany, Norway and Sweden, are arriving in Greenland to help boost the Arctic island's security after talks between representatives of Denmark, Greenland and the U.S. on Wednesday highlighted “fundamental disagreement” between the Trump administration and European allies.

“The first French military elements are already en route” and “others will follow,” French President Emmanuel Macron announced Wednesday, as French authorities said about 15 French soldiers from the mountain infantry unit were already in Nuuk for a military exercise.

Germany will deploy a reconnaissance team of 13 personnel to Greenland on Thursday, its Defense Ministry said.

Denmark announced it would increase its military presence in Greenland, with NATO allies joining them, just as the Danish and Greenlandic foreign ministers met with White House representatives on Wednesday in Washington to discuss U.S. President Donald Trump's intentions to take over the island in order to tap its mineral resources and protect the security of the Arctic region amid rising Russian and Chinese interest.

On Thursday, Danish Defense Minister Troels Lund Poulsen said the intention was “to establish a more permanent military presence with a larger Danish contribution,” according to Danish broadcaster DR. He said soldiers from several NATO countries will be in Greenland on a rotation system.

Danish Foreign Minister Lars Løkke Rasmussen, flanked by his Greenlandic counterpart Vivian Motzfeldt, said Wednesday that a “fundamental disagreement” over Greenland remains with Trump after they held highly anticipated talks at the White House with Vice President JD Vance and Secretary of State Marco Rubio.

Rasmussen added that it remains “clear that the president has this wish of conquering over Greenland.”

“We really need it,” Trump told media in the Oval Office after the meeting. “If we don't go in, Russia is going to go in and China is going to go in. And there's not a thing Denmark can do about it, but we can do everything about it."

Trump said he had not yet been briefed about the contents of the White House meeting when he made his remarks.

In Greenland’s capital, Nuuk, local residents told The Associated Press they were glad the first meeting between Greenlandic, Danish and American officials had taken place but suggested it left more questions than answers.

Several people said they viewed Denmark’s decision to send more troops, and promises of support from other NATO allies, as protection against possible U.S. military action. But European military officials have not suggested the goal is to deter a U.S. move against the island.

Maya Martinsen, 21, agreed and said it was “comforting to know that the Nordic countries are sending reinforcements” because Greenland is a part of Denmark and NATO.

The dispute, she said, is not about “national security” but rather about “the oils and minerals that we have that are untouched.”

On Wednesday, Poulsen had announced a stepped-up military presence in the Arctic “in close cooperation with our allies,” calling it a necessity in a security environment in which “no one can predict what will happen tomorrow.”

“This means that from today and in the coming time there will be an increased military presence in and around Greenland of aircraft, ships and soldiers, including from other NATO allies,” Poulsen said.

Asked whether the European troop movements were coordinated with NATO or what role the U.S.-led military alliance might play in the exercises, NATO referred all questions to the Danish authorities.

However, NATO is looking at how members can collectively bolster the alliance’s presence in the Arctic, according to a NATO official who was not authorized to comment publicly and spoke on condition of anonymity.

Rasmussen, the Danish foreign minister, announced the creation of a working group with the Americans to discuss ways to work through differences.

“The group, in our view, should focus on how to address the American security concerns, while at the same time respecting the red lines of the Kingdom of Denmark,” he said.

Commenting on the outcome of the Washington meeting on Thursday, Poulsen said the working group was “better than no working group” and “a step in the right direction.” He added nevertheless that the dialogue with the U.S. did not mean “the danger has passed.”

Line McGee, a 38-year old from Copenhagen, told AP that she was glad to see some diplomatic progress. “I don’t think the threat has gone away,” she said. "But I feel slightly better than I did yesterday.”

Speaking to FOX News Channel’s Special Report on Wednesday after the White House talks, Rasmussen rejected both a military takeover and the potential purchase of the island by the U.S. Asked whether he thinks the U.S. will invade, he replied: “No, at least I do not hope so, because, I mean, that would be the end of NATO.”

Rasmussen said Greenlanders were unlikely to vote for U.S. rule even if financial incentives were offered “because I think there’s no way that U.S. will pay for a Scandinavian welfare system in Greenland, honestly speaking.”

“You haven’t introduced a Scandinavian welfare system in your own country,” he added.

Trump, in his Oval Office meeting with reporters, said: “We’ll see how it all works out. I think something will work out."

Niemann reported from Copenhagen, Denmark, and Ciobanu from Warsaw, Poland.

Fishermen load fishing lines into a boat in the harbor of Nuuk, Greenland, Wednesday, Jan. 14, 2026. (AP Photo/Evgeniy Maloletka)

Greenland Foreign Minister Vivian Motzfeldt, left, and Danish Foreign Minister Lars Løkke Rasmussen, arrive on Capitol Hill to meet with members of the Senate Arctic Caucus, in Washington, Wednesday, Jan. 14, 2026. (AP Photo/J. Scott Applewhite)