As part of the new development, BancTrust has named a group of New York-based investment figures to run this business.
BancTrust, the investment bank, has launched BancTrust Securities USA, its US broker-dealer affiliate.
The new entity is a member of the Financial Regulatory Authority and is also registered with the Securities and Exchange Commission. Based in New York, BancTrust Securities USA will represent BancTrust with US institutional investors and major US institutional investors.
The initial New York-based team comprises Jack Thomas, managing director of fixed income trading; Erik Berg, MD debt capital markets; Rafael Elias, MD LatAm corporate credit strategy; Dan Bowers, executive director fixed income sales; and Maurice Batista, ED fixed income sales.
Thomas was previously head of emerging market trading – New York at Intesa Sanpaolo IMI Securities. Past experience includes working at UBS Investment Bank, Santander, Societe Generale, and ING Financial Markets.
Berg has more than 25 years of experience in international capital markets. He has served in senior capital markets roles in New York at Deutsche Bank, ING, ABN AMRO, Standard Bank of South Africa, Commerzbank, and Natixis. His experience includes responsibility for debt origination across Latin America including new bond issues, debt restructurings, debt buybacks and public and private sector debt exchanges.
Elias was previously a director of research for Latin America at StoneX and formerly at Tellimer Markets. His experience spans over 25 years of being responsible for macro and corporate strategy at Cantor Fitzgerald, Credit Agricole, Knight Libertas, UBS, Deutsche Bank, ING, and Credit Suisse.
Bowers is an investment professional with 20 plus years of experience in emerging markets. Before joining BancTrust USA, he served in senior EM sales roles with Unicredit and Societe Generale. Previously Bowers worked in trading at Moore Capital, Depfa Investment Bank and Galileo Asset Management.
Batista has over 20 years of experience in financial services, with a focus on global EM. Prior to joining BancTrust USA, he worked in EM institutional sales at Torino Capital and Stifel Financial. Previously, at Renaissance Capital Securities he headed FICC sales in New York, focusing on Russia, CIS and Africa.