Former Citigroup senior executives, Antonio Cacorino and Fredrick Chapey, form StormHarbour Partners LP, an independent, 50-professional markets firm which, through subsidiaries, will focus on capital markets and fixed income activities.
StormHarbours leadership team includes two other Managing Principals, Robert Cummings, former Managing Director and Head of Citigroups European Credit Products Distribution and Sohail Khan, former Managing Director responsible for Citigroups legacy asset remediation efforts.
With offices in New York and London and plans for expansion into Switzerland and Asia, StormHarbour 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.
The firm intends to leverage its partners experience in fixed income markets to broad innovative solutions to clients in the areas of sales and trading, product structuring, advisory services, capital markets and asset management. The firms services will span fixed income multiple asset classes, including the full range of credit, emerging markets, securitized product, convertible and alternative asset securities.
StormHarbours senior executives include Terry Keeley, former Chief Operating Officer of Novator Partners; Cyril Martinez, former Managing Director of Citigroups Leveraged Finance Sales team; Chris OConnor, former Senior Managing Director of Global Debt Syndication and Debt Capital markets at Bear Stearns; John Stomber, former Chief Executive Officer of Carlyle Capital Corporation; and Michael Sussman, former Managing Director and Head of Markets Legal, of Citigroup.
StormHarbour was created to fill a need for an experienced international fixed income firm free of conflicts in todays evolving financial services arena. With offices in strategic financial centers, StormHarbour will provide worldwide coverage and efficient execution across the fixed income asset class. We intend to add professionals who share our global expertise and our commitment to integrity and trust, says Fredrick Chapey, co-founder and managing principal.
We are excited to launch a firm with a talented and seasoned team, a robust infrastructure and a solid capital base to advise and support our clients in these challenging times. Our significant investments in technology, analytics and in-house proprietary systems will enable us to conduct rigorous valuation and pricing analysis of complex structures and assets to maximize value for our clients. We recognize that each situation is unique and we will tailor our services to best meet individual needs, says Antonio Cacorino, co-founder and managing principal.
L.D.