Jindal heads to $13B Caprock as chief investment officer

Caprock has completed a nationwide search for a successor to its chief investment officer of two decades, Richard Rock.

Rock is one of the firm’s founding members and has been leading investment strategy and processes at the firm since its inception in 2005, during which it has grown to a full-service outsourced chief investment officer and chief financial officer for 400 wealthy families with a total of more than $13 billion in assets under advisement and operating out of 12 locations across the US.

Stepping up to the plate to take on the CIO role is industry veteran Vivek Jindal who was most recently associate partner and head of growth and private markets at Corient having been CIO at KORE Private Wealth for four years until it was acquired by Corient under its former name CI Financial.

“I'm extremely excited to be part of Caprock and its distinguished investment team, as we are aligned in our approach from an investment and values perspective,” he said. “I look forward to continuing the incredible work that Rick has been doing for the past couple of decades.”  

Jindal’s experience spans two decades and also includes working with the Schusterman family and their philanthropic projects, Blackstone Alternative Asset Managers, and Corbin Capital Partners. He began his career as part of EY’s valuation team in 2006.

“Vivek has the experience and vision to position Caprock for further growth,” said Rock, who will remain on the firm’s investment team and focus on advisor and client support.  “He keenly understands how to structure our investment platform with a continued emphasis and access to private market investing. And he knows how to build a team with asset-class expertise and tech-enabled solutions that will support our advisors and their clients.” 

Last month, Caprock hired former LPL Financial executive Frank Giuliano as head of corporate development to lead efforts in advisor recruitment and M&A, aligning with the firm’s plan to selectively expand in new and existing markets. It has also recently hired David Solow as a managing director and client advisor and added Sandy Nixon as a client advisor.