Emerging markets specialist Gramercy has hired a Barclays Capital veteran to bolster its Latin American presence.
Gustavo Ferraro was named head of Latin American markets at the Greenwich, Conn.-based firm. He's charged with sourcing, originating and executing the firm's transactions in the region, as well as with building new capacity and distribution there and for implementing debt restructurings. In addition, Ferraro will work to boost Gramercy's private equity business in Latin America and is charged with attracting and managing talent in the region.
"We've known Gustavo well for many years. Most recently we worked closely with him as he played a key role in Argentina's 2010 reverse inquiry debt restructuring, which Gramercy conceived, led and anchored as well as the country's previous debt restructuring in 2005," Robert Koenigsberger, chief investment officer, said. "Latin America represents one of the best opportunity sets in emerging markets today and with Gustavo's strong knowledge of the region we believe we are well positioned to take advantage of those investment opportunities across our platform."
Ferraro was co-head of global finance for Latin America at Barclays. Prior to joining that bank, he worked at Salomon Smith Barney, Lehman Brothers and Citigroup.