Jeffery B. Cappel is Managing Partner of Islington Holdings LP, a private investment firm focus on equity investments in financial services. Mr. Cappel is based in Chicago, Illinois. Mr. Cappel has been directly involved in the formation and participated as a founding investor and Director of numerous insurance distribution businesses including Wholesale Trading Insurance Services (WTIS), EPIC Holdings and Beecher Carlson Holdings. Prior to selling the firm to the Arch Group (NASDAQ:ACGL) in 1999, Mr. Cappel was CEO and the largest shareholder of Hales & Co., a private merchant banking firm specializing in insurance distribution advisory and equity investments. Through Hales and Co. and its affiliated private equity fund, Distribution Partners LP, the organization was directly involved in early stage formation of some of the largest insurance brokers in the US including USI, Robert F. Driver (now Alliant), and the Hobbs Group (now part of Willis Group). Mr. Cappel graduated magna cum laude and as a member of Phi Beta Kappa from Rutgers College.