Saturday, 28 March 2015
Last updated 15 hours ago
Jun 23 2009 | 12:31pm ET
A pair of former Citigroup executives has set up a new fixed-income financial services firm with 50 of their closest friends.
StormHarbour Partners expects to apply its extensive expertise in analyzing, structuring, distributing and originating fixed income securities across asset classes for its sophisticated pension fund, hedge fund, endowment, insurance, banking and corporate clientele.
StormHarbour has certainly been busy on the hiring front. In addition to founders Antonia Cacorino and Fredrick Chapey, the New York-based firm has snagged professionals from Bear Stearns, the Carlyle Group and Novator Partners, as well as several other Citi veterans. All told, the new firm boasts 50 professionals.
“StormHarbour was created to fill a need for an experienced international fixed income firm free of conflicts in today’s evolving financial services arena,” Chapey, formerly head of global structured credit derivatives at Citi, said. “With offices in strategic financial centers, StormHarbour will provide worldwide coverage and efficient execution across the fixed-income asset class.”
Chapey’s partner, Cacorino, most recently served as co-head of Citi’s investor client group. StormHarbour, which also has an office in London and plans to expand to Switzerland and Asia, includes two other ex-Citi execs. as managing principals: former head of European credit products distribution Robert Cummings and former legacy assets remediation chief Sohail Kahn.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…