John Radtke, chief executive officer of brokerage Incapital LLC, has left the firm, according to the company.
President Phil Johnson “will step in to lead Incapital as the Board initiates a search process to identify a new CEO,” according to an e-mailed statement from Jim Schaberg, a managing director at the brokerage.
Radtke joined the bond underwriter and distributor in 2005, according to records from the Financial Industry Regulatory Authority. Before that, he worked at the brokerage FTN Financial Securities Corp.
Incapital was founded in 1999 by Thomas S. Ricketts, owner of Major League Baseball’s Chicago Cubs.
Radtke couldn’t immediately be reached for comment.
The Chicago- and Boca Raton, Florida-based company offers investments from corporate and municipal bonds to structured notes and mortgage-backed securities, according to its website. Last year, Incapital expanded its group that sells structured notes into Salt Lake City.