back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Checkpoint Capital appoints new President and Head of Financial Strategies

By Leandra Monteiro

August 09, 2022

  • Asset Liability Management
  • Capital Markets
  • Cash Flow Management
Share

Checkpoint CapitalCheckpoint Capital, LLC, a FinTech capital markets specialist firm supporting depository institutions, has named John C. “Jack” Stimac, Jr. as President and Head of Financial Strategies, effective immediately.

Working alongside Checkpoint Capital Founder and Chairman Jon Virostek and CEO Billy Weber, Jack will focus on the expansion and implementation of the firm’s premier fixed income price transparency model at community banks across the U.S.

He joins the firm with an extensive background in financial services of nearly 20 years. Most recently he was at Baird, serving as Director, Fixed Income Capital Markets, in Memphis, TN, and prior to that, at Wells Fargo Securities as Director, Fixed Income Market & Portfolio Strategy. His responsibilities have included advising depository institutions on product selection, curve positioning, and cash flow management to best meet their obligations and maximize income. In previous roles, Jack reviewed portfolios for swap ideas that helped customers enhance performance or improve the overall liquidity profile of their bond portfolios and recommended and executed over $10 billion in ALM asset repositioning transfers to improve capital treatment.

“Jack is a talented and highly skilled executive with a deep understanding of fixed-income market dynamics,” said Jon Virostek. “His proven expertise in financial strategies, combined with our technology platform and suite of services, will enable us to pursue new relationships in community banking while continuing to provide the outstanding service our valued clients have come to expect from us.”

“We have embarked on a strategy to empower community banks with fixed income price transparency and are gratified by the increasing acceptance and adoption of our insights, processes, and tools,” said Billy Weber, CEO, Checkpoint Capital, LLC. “This is a significant and complementary hire for Checkpoint and its client base, adding to our existing deep bench of talent, which includes regulatory, investment banking, capital markets, and trading expertise. With Jack joining as head of financial strategies, we are well situated to further expand our capabilities in the community banking industry.”

Checkpoint Capital’s transparency model is resonating with the depository industry. The firm has continued to capture market share, with its quarterly growth rates as high as 500% since inception in late 2018. Community banks working with Checkpoint benefit from transparent transaction costs for their fixed income portfolios, trading platforms, Asset Liability Management (ALM), and portfolio analytics, which have been the primary performance drivers for the firm.

“I think our fixed income price transparency model is already changing the way community banks buy bonds,” said Jack Stimac, President, Checkpoint Capital. “By helping financial institutions improve returns with better execution in their bond portfolios, we are delivering a legitimate, quantifiable value-add to our customers.”

Jack graduated from the University of Richmond with a Bachelor of Science in Business Administration, with concentrations in Finance and Economics. He is a Chartered Financial Analyst (CFA), is a member of the CFA Institute and CFA Memphis, and holds FINRA Licenses Series 7, 63, 86 and 87.

Previous Article

August 09, 2022

3 impactful FinTech companies in New Zealand

Read More
Next Article

August 09, 2022

Appital secures an additional £1.7m investment led by Frontline Ventures

Read More










IBSi Daily News Analysis

September 30, 2022

Asset Liability Management

Is sustainable/green finance needed more than ever before?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

September 30, 2022

BNY Mellon adds new ESG ratings to Securities Lending

Read More

September 22, 2022

TS Imagine enhances its executive team with three key hires

Read More

September 21, 2022

3 FinTech deals that occurred in Europe in September 2022

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022