Connecticut-based emerging markets specialist Gramercy has hired Stephen LaVersa to fill the newly created position of head of business development and client services.
LaVersa comes to Gramercy from Tower Lane Partners, an outsourced business development firm, where he was co-founder and managing partner. Prior to that, he spent nearly six years at FrontPoint Partners, most recently as managing director, co-head of the client advisory group. From 1997 to 2003, LaVersa was a vice president in the asset management group at Goldman Sachs. He began his career at Federated Investors.
In his new job, which he started earlier this month, LaVersa is responsible for expanding the client solutions advisory and business development teams and enhancing the firm’s client facing capabilities.
Robert Koenigsberger, managing partner and CIO at Gramercy, said: “Steve has an extensive background helping firms build strong and lasting relationships with new and existing investors around the world and across multiple strategies. He will be an integral part of our firm as we look to enhance our relationships and our business platform both domestically and internationally.”
Gramercy is a dedicated emerging markets investment manager based in Greenwich, CT, offering both alternative and long-only strategies across all asset classes (external debt, local currency debt, corporate high yield debt, distressed debt, equity, macro, private equity, and special situation). As of November, 2010, Gramercy’s assets under management were $2.2 billion.