StormHarbour, the leading independent global markets and financial advisory firm, has bolstered its team in Madrid to increase its foothold in the region’s debt capital markets.
The firm has appointed Yago Valderrama as a Managing Director to work with Gonzalo Chocano to strengthen its coverage of Spanish institutional clients, while Alejandro Gonzalez-Ruiz, ManagingDirector, Structuring and Client Solutions, has relocated to Madrid from the StormHarbour office in London to further build out the team’s structuring capabilities.
Valderrama joins StormHarbour from Societe Generale, bringing with him over 20 years’ experience in capital markets. In his previous role Valderrama led Societe Generale’s Iberian Institutional Cross Assets Solutions Group, during which time he successfully sourced and executed counterparty risk, collateralised financing and structured credit deleveraging solutions.
Prior to this, he was Executive Director at Nomura International for two years in London, with a particular focus on solving capital and liquidity constraints. Valderrama also has 18 years’ experience in London at Lehman Brothers, where his senior roles included co-head of the Iberian Strategic Solutions Group and head of the Iberian and Greek Credit Sales team. He is highly experienced in capital market products and is fluent in four languages.
Gonzalez-Ruiz joined StormHarbour in 2010 to focus on Special Situations and Alternative Assets. Prior to joining StormHarbour Gonzalez-Ruiz focused on illiquid asset opportunities and for ten years worked for Deutsche Bank originating and structuring securitization transactions for multiple financial institutions, corporates and Governments in Europe as well as purchasing and setting up platforms to originate loan portfolios in Southern Europe.
These moves underscore StormHarbour’s ongoing commitment to add highly experienced industry professionals across its core securities businesses in Southern Europe. Both Valderrama and Gonzalez-Ruiz join Gonzalo and Juan del Rivero, the former Goldman Sachs Chairman and Partner for Spain and Portugal, hired as Senior Adviser for StormHarbour in Madrid in 2013, when the office was first established.
Over the past two years StormHarbour has extensively expanded its distribution network and specialist structuring capabilities in the Iberian region. This has enabled StormHarbour to successfully originate and execute a number of significant transactions in the region; comprising, amongst others, three tariff deficit securitisations for Energias de Portugal, including the €750m Volta II transaction in March 2014, and a €437.5m securitisation for Banif Investment Bank in January last year.
Antonio Cacorino, Managing Principal and co-founder of StormHarbour said: “Since establishing the Madrid office two years ago, the Iberian team has gone from strength to strength, with StormHarbour now boasting one of the foremost debt capital markets and advisory offerings in the region. We are very excited to bring Yago and Alejandro on board in Madrid, and look forward to drawing on their expertise to make even deeper in-roads across the region.”