Mitchell H. Caplan serves as Chairman of the Board of Modern Bank. Mr. Caplan is also a Managing Partner of Raycliff Capital, a private equity firm that invests across a diverse set of sectors, including financial services, information technology, hospitality and real estate.
Mr. Caplan most recently served as Chief Executive Officer of Jefferson National Financial, where he oversaw all aspects of the company’s growth strategy and which was sold in early 2017 to Nationwide. Under Mr. Caplan’s leadership, the company grew into one of the largest distributors of tax-advantaged investing solutions for registered investment advisors (RIAs), fee-based advisors and the clients they serve.
Previously, Mr. Caplan served as an Executive Advisor to Aquiline Capital Partners LLC, a private equity firm specializing in the financial services industry. Prior to Aquiline, he was Chief Executive Officer and Director of E*TRADE Financial Corporation. He oversaw the company’s integration of bank and brokerage functionality and under his leadership from 2003 to 2007, E*TRADE reported five consecutive years of record revenues and earnings.
Prior to E*TRADE, Mr. Caplan served as Vice-Chairman of the Board, and President and Chief Executive Officer of TeleBanc Financial Corporation and TeleBank, then the industry’s leading and largest branchless bank. Prior to launching TeleBank, Mr. Caplan was an associate of the law firm of Shearman & Sterling LLP. Mr. Caplan is an active supporter and former member of the Board of Chancellors of the Juvenile Diabetes Research Foundation. He holds a JD and MBA from Emory University, and a BA in history from Brandeis University.
Current role