Wednesday, 27 July 2016
Last updated 1 hour ago
Oct 22 2012 | 10:51am ET
Switzerland-based Gottex Brokers, a leading interdealer broker in interest rate derivative products, has opened its first U.S. office in Los Angeles.
A new entity, Gottex Brokers Alternative USA, will act as an intermediary between U.S. institutional investors buying and selling secondary interests in hedge funds, private equity funds and real estate funds. It is a subsidiary of Gottex Brokers Alternative which provides brokerage servies to European and other non-U.S. markets.
Said Raphael Moreno, CEO of Gottex Brokers Group, in a statement: “We are very pleased to be expanding into the United States, serving U.S. clients directly on the ground as well as offering our customer base access to this exciting market. Volatility in the secondary markets for alternative investment shares has risen markedly in the past years and we have seen increased demand for investors to rebalance portfolios and to exit illiquid positions.”
GBA USA will be run by Bruno Bardavid, an experienced professional with more than 25 years of experience in financial services. Prior to joining GBA USA Bardavid developed the credit trading markets for Mizuho International and West LB, London.
The U.S. branch will manage relationships with hedge funds, funds of funds, family offices, third-party asset managers, public entities and sovereign wealth funds, private and investment banks, investment advisors and pension funds.