Former Senior Citigroup and Bulge Bracket Executives Launch New International Financial Services Firm | Business Wire
NEW YORK–()–Former Citigroup senior executives, Antonio Cacorino and Fredrick
Chapey, today announced the formation of StormHarbour Partners LP, an
independent, 50-professional global markets firm which, through
subsidiaries, will focus on capital markets and fixed income activities.
StormHarbour’s leadership team includes two other Managing Principals,
Robert Cummings, former Managing Director and Head of Citigroup’s
European Credit Products Distribution and Sohail Khan, former Managing
Director responsible for Citigroup’s legacy asset remediation efforts.
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Co-Founder and Managing Principal
Mr. Cacorino has extensive executive management and client relations
experience, most recently as Managing Director, Global co-Head of the
Investor Client Group. In this role Antonio was accountable for
overseeing and integrating all sales and relationship management
functions across global fixed income, currencies, commodities and
equities asset classes. Antonio was a member of the Citigroup Global
Corporate & Investment Bank Management Committee.
From 2005 to 2006, Antonio was Global Head of Fixed Income Sales and
previously oversaw European Fixed Incomes Sales. In 2002, Mr. Cacorino
served as Chief Country Officer for Portugal. From 1999 to 2002, he was
based in London and led the European Derivative Marketing and
Structuring business and oversaw European Structured Products Sales.
Between 1995 and 1999 Mr. Cacorino ran all trading and capital markets
products for Spain and Portugal and was head of trading across all
products for Southern Europe. Mr. Cacorino began his career in 1988 at
Citibank in Lisbon, where he worked as a Forex and derivatives trader.
Mr. Cacorino received his degree from the University of Lisbon.
Fredrick J. Chapey Jr.
Co-Founder and Managing Principal
Mr. Chapey has spent 20 years working in the derivatives industry. Most
recently, Mr. Chapey was a Managing Director and head of Global
Structured Credit Derivatives at Citigroup where he also oversaw the
Global Portfolio Optimization business, which was accountable for
managing the credit risk of the firm’s loan and derivatives businesses.
Prior to assuming these responsibilities he was head of Global
Derivatives Marketing and Structuring, after leading the merger
integration effort for all derivatives activities of Citibank and
Salomon Smith Barney.
Mr. Chapey joined Citibank in 1998 to oversee Global Derivatives and
Emerging Markets Sales &. Trading. Prior to joining Citi, he was the head
of Global Derivatives and deputy head of International Capital Markets
at Chase Manhattan Corporation with additional responsibilities for Risk
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Management Research &. Advisory and Financial Engineering. Mr. Chapey
held a number of other positions at Chase, including head of structuring
and marketing of all derivatives and foreign exchange activities,
Manager of Derivatives Marketing and Structuring for North and South
America, Manager of US Corporate Debt and Derivatives and head of
Derivatives Marketing for US Corporations. Earlier, he was a
relationship manager in the Commodity Finance Division handling precious
metals clients and structuring gold and silver products. He worked in
the Credit Audit area analyzing the bank’s credit portfolio and
presenting strategic recommendations to senior members of the bank. He
joined Chase in 1980 in the Global Professional Development Program.
Recognition for Mr. Chapey’s derivatives accomplishments include being
named a Derivatives Superstar by Global Finance Magazine in 1994 and
being inducted into the Derivatives Hall of Fame by Derivatives Strategy
Magazine in 2001.
Mr. Chapey received his Bachelor of Science of Business Administration
with a major in Finance from Georgetown University in 1980.
Robert Cummings has worked in a variety of senior roles within the fixed
income credit markets for the past 22 years. he's spent the last 10
years at Citigroup as a Managing Director, most recently based in London
as Head of all European distribution for Credit products. Previously, he
was the Global Head of Investment Grade Sales as well as head of
trading, sales and research for the bank’s US Credit business. Prior to
joining Citigroup, Mr. Cummings was a Director in Fixed Income Sales at
UBS Securities. he's also held client-facing roles at Dillon Reed and
Mr. Cummings has a Bachelor of Science in Business Finance and Applied
Economics from Cornell University.
Sohail Khan spent 13 years with Citigroup, most recently serving as a
Managing Director overseeing a legacy asset remediation effort focused
on helping Citigroup’s global client base analyze, re-structure and
dispose legacy portfolios across credit, mortgage, consumer abs and
structured markets (CLO’s, CDO’s, SIV’s etc.). From 2005 to 2008, Mr.
Khan was Citigroup’s top fixed income sales producer covering hedge
funds, structured vehicles and buyers of securitized risk. From 1998 to
2005, Mr. Khan was a senior member of Citi’s structured products team.
From 1996 to 1998, he worked as a relationship manager within
Citigroup’s corporate bank.
Mr. Khan has also been an active speaker at Structured Finance and
Alternative Investment conferences around the globe and has co-authored
research published in the widely-respected Journal of Fixed Income.
Mr. Khan graduated received his Masters of Business Administration with
distinction from the Lahore University of Management Sciences.
Chief Operating Officer
Terry was most recently Chief Operating Officer of Novator Partners LLP,
where he was responsible for all operations within Novator including
Credit Opportunities, Private Equity, Renewable Energy Funds and Thor
Bjorgolfsson’s personal investments. He studied accountancy (ACCA) and
corporate finance at London Business School.
Terry began his financial career at the Chase Manhattan Bank, where,
after completing the internal credit course, he moved into trading on
the money market desk and later interest rate options desk. For 10 years
he was treasurer of United Financial Japan International (UFJI) where he
was responsible for all finance and liquidity.
General Manager Switzerland
Cyril was most recently a Managing Director in Citi’s European Leveraged
Finance Sales team, where he worked from 2005 to 2008. He was
responsible for the distribution of leveraged finance products in
Europe, the Middle East and South Africa. From 2000 to 2005, Cyril was a
Managing Director at Donaldson Lufkin &. Jenrette, acquired by Credit
Suisse in August 2000, where he helped develop the distressed debt
franchise in Europe, lead managing the distribution of over €10bn of
high yield bonds. Prior to this, he was an Executive Director at Goldman
Sachs between 1999 and 2000 with similar responsibilities. Cyril began
his career in 1994 and has held positions in investment banking and
leveraged finance at Lehman Brothers and Morgan Stanley Dean Witter.
Cyril holds an MBA and BA in Business Administration from Northeastern
University, Boston. Cyril is a French national and speaks Spanish and
Chris worked at Bear Stearns from 1997 until 2008, where he was most
recently a Senior Managing Director responsible for both Global Debt
Syndication and Global Debt Capital Markets. In this capacity he managed
the origination and syndication of all Investment Grade and Emerging
Markets debt activity as well as all High Yield issuance from non-G7
borrowers. Other areas of responsibility included Taxable Municipals,
Preferred Stock and Liability Management.
Prior to assuming this role at Bear he ran the US Debt Syndication
business and before that was a high grade credit trader.
Before joining Bear Stearns he was the head Utility trader at JP Morgan
and prior to that was a line trader of corporate credit at First Boston.
He began his Wall Street career in 1987 at Salomon Brothers as a US
Treasury zero coupon bond trader.
Chris received an MBA from Harvard University. Before attending Harvard
he spent 5 years in the US Army as a Captain in the Field Artillery, He
is a graduate of Washington and Lee University with a B.A. in American
John C. Stomber
Chief Financial Officer
John was CEO, President and CIO of Carlyle Capital Corporation – a
permanent capital vehicle investing in fixed income that went public on
the Euronext – and Managing Director of The Carlyle Group from 2006 to
2008. Prior to Carlyle, he was a Managing Director and a member of the
Financial Institutions team at Cerberus working on various private
equity transactions including GMAC. While at Cerberus, he was also a
Director of Aozora Bank.
From 1999 to 2003, John was a Senior Vice President and Global Treasurer
of Merrill Lynch &. Company. He was Chair of the Asset Liability
Committee, Member of Executive Management Committee, Member of Reserve
Committee. Director of ML International Bank, ML Bank USA and ML
Capital Markets Bank. From 1991 to 1999, John was Managing Director and
Head of the NA Derivatives Business and Emerging markets in South
America at Deutsche Bank. From 1986 to 1991, he managed various
corporate banking specialty groups concluding with being appointed Head
of US Marketing for Derivatives. He was also an account officer at
Crocker Bank from 1978 to 1981.
John has been an Associate Professor of Finance in the MBA program at
San Francisco State University and holds an MBA from New York University
and BA from Franklin &. Marshall College.
Michael joins StormHarbour in June 2009 from Citigroup in London, where
he's been employed since October 2000. At Citigroup he was a Managing
Director and Head of Markets Legal, with a team of about 40 lawyers and
negotiators supporting the institutional sales, trading and origination
businesses in Europe, Middle East and Africa. He co-Chaired the EMEA new
business committee for 3 years until 2007, which was responsible for the
implementation of the EU Markets in Financial Instruments Directive and
the Legal and Government Relations Committee.
Michael started his legal career with Cleary, Gottlieb, Steen in
Hamilton, with over 10 years experience in Washington, D.C., Brussels
and Moscow (where he headed the firm’s office for nearly 3 years). He
was of counsel with Mayer, Brown &. Platt in London from 1998-1999 and a
partner with Squire, Sanders &. Dempsey from 1999 to 2000 in London. His
practice has covered a broad range of international transactional,
regulatory and advisory work.