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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Antonio Cacorino

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

Managing Principal

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

Mabon Securities.

Mr. Cummings has a Bachelor of Science in Business Finance and Applied

Economics from Cornell University.

Sohail Khan

Managing Principal

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.

Terry Keeley

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.

Cyril Martinez

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 O’Connor

Capital Markets

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 Sussman

General Counsel

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.