Coherence Capital Adds Two Partners

Nov 13 2012 | 3:21pm ET

New York-based asset manager and advisory firm Coherence Capital Partners has made two key hires.

Philipp Levy joins the firm as a member, partner and head of business development, and Edgar Benavides joins the firm as a partner and head of operations.

Levy has over 25 years of experience working in the financial markets in New York, London and Zurich selling a variety of financial products, including hedge funds. He joins from Mudrick Capital Management where he was the head of marketing and investor relations.

Benavides joins from PricewaterhouseCoopers Capital Markets Advisory Practice. In his role as a project manager there he assisted clients in understanding the Dodd-Frank regulatory reform act and its impact upon the current and future state of their OTC derivatives business and process model.

Sal Naro, CEO and CIO of Coherence Capital, said: “I am delighted to be able to welcome Philipp and Edgar to these two key senior positions at Coherence Capital Partners. Their broad skills and deep experience in their respective fields will enable us to push the firm to a new, higher level by helping to establish new client relationships and enhance existing ones.”

Coherence Capital Partners focuses on fixed income opportunities in North America and Europe. The firm was launched in February of this year as a management buyout from Jefferson National’s core insurance unit. It currently has over $300 million in assets under management.

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