BancTrust & Co. Investment Bank Announces Launch of U.S. Broker-Dealer Affiliate

BancTrust | May 13, 2022

BancTrust & Co. Investment Bank (BancTrust), a leading global emerging markets investment bank, today announced the launch of BancTrust Securities USA (BancTrust USA), its U.S. broker-dealer affiliate. BancTrust USA is a member of Financial Regulatory Authority (FINRA) and is registered with the Securities and Exchange Commission (SEC).

BancTrust USA is based in New York City and will represent BancTrust with U.S. institutional investors and major U.S. institutional investors under a chaperoning agreement in compliance with SEC Rule 15a-6.

The initial New York-based team is comprised of Jack Thomas, MD Fixed Income Trading; Erik Berg, MD Debt Capital Markets; Rafael Elias, MD LatAm Corporate Credit Strategy; Dan Bowers, ED Fixed Income Sales; and Maurice Batista, ED Fixed Income Sales.

Prior to joining BancTrust USA, Jack was the Head of Emerging Market Trading - New York at Intesa Sanpaolo IMI Securities. He previously held positions at UBS Investment Bank, Santander, Societe Generale and ING Financial Markets. Jack has nearly 20 years of experience trading EM fixed income and has specialized in both Latin American and Asian credit markets. He holds a Bachelor of Arts in Economics and Accounting from the College of the Holy Cross.

Erik has over 25 years of experience in international capital markets. He has had senior capital markets roles in New York at Deutsche Bank, ING, ABN Amro, Standard Bank of South Africa, Commerzbank, and Natixis, and been responsible for debt origination across Latin America including new bond issues, debt restructurings, debt buybacks and public and private sector debt exchanges. Mr. Berg is a graduate of Wesleyan University, Connecticut and holds an MBA from the IAE /Universidad Austral, Buenos Aires.

Rafael (Rafa) 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. Rafa holds a Master's degree in Public and Private Management (MPPM) from Yale University's School of Management and a Civil Engineering Bachelor's degree from Universidad Anahuac in Mexico.

Dan is an investment professional with 20 plus years of experience in emerging markets. Before joining BancTrust USA, he held senior EM sales roles with Unicredit and Societe Generale. Previously Dan had trading roles at Moore Capital, Depfa Investment Bank and Galileo Asset Management. He has an MBA in Business Administration and Bachelors in Banking and Finance from Hofstra University.

Maurice 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. He began his career in emerging markets at Chase Securities and has also worked in sales at BBVA and Cantor Fitzgerald. He holds an MBA from NYU Stern School and a BA in Political Science from UCLA.

I am thrilled to announce the expansion of the BancTrust group in the U.S. We have assembled a senior team with extensive experience in dealing in frontier and emerging markets. Our New York presence will enable us to better serve and grow our current U.S. client base as we aim to be their trusted partner in emerging markets."

CEO Carlos Fuenmayor.

About BancTrust & Co.
BancTrust & Co. Investment Bank is a leading London-based global emerging markets investment bank that offers corporate and investment banking, securities dealing and financing, investment research products and services to a diversified client base mainly comprised of emerging and frontier markets-based corporations, financial institutions, governments, and dedicated global EM asset managers.


European banks’ ability to earn returns above the cost of capital in the long term will depend on whether they can pass on the cost of holding higher regulatory capital. This largely comes down to the degree of competition in the market and, specifically, the threat posed by new entrants and substitutes. Banks’ ability to raise margins will also depend on the regulatory environment. The UK, which is home to Europe’s largest financial centre, has placed customer outcomes at the heart of its regulatory agenda. It is also pursuing competition as a way of achieving its objectives.


European banks’ ability to earn returns above the cost of capital in the long term will depend on whether they can pass on the cost of holding higher regulatory capital. This largely comes down to the degree of competition in the market and, specifically, the threat posed by new entrants and substitutes. Banks’ ability to raise margins will also depend on the regulatory environment. The UK, which is home to Europe’s largest financial centre, has placed customer outcomes at the heart of its regulatory agenda. It is also pursuing competition as a way of achieving its objectives.

Related News


Adhesion Wealth Partners with Addepar to Provide Customizable Investment Management Solutions for RIAs

Adhesion Wealth | August 31, 2021

Adhesion Wealth®, a managed account provider for registered investment advisors (RIAs), today announced it has entered into a partnership with Addepar, a leading technology platform for wealth management. Through this partnership, RIAs can benefit from greater reporting flexibility and recoup costly administrative time. Adhesion advisors may gain access to Addepar's category-leading portfolio reporting and analytics platform, which enables them to deliver robust analysis and actionable insights to clients at a higher level of detail. The Addepar platform aggregates data from more than 250 proprietary data feeds and seamlessly integrates with advisory firms' existing software through modern APIs, allowing them to deliver a tailored and differentiated client experience. "I was thrilled to learn of the new partnership between Adhesion and Addepar. With the two firms combining forces, it takes one of the best-in-class UMA platforms and pairs it with the preeminent client reporting technology to give advisors the ability to provide their clients a complete view into the UMA, analyze performance at the manager level, and have better, more productive conversations with clients," said Stan Gregor, CEO of Summit Financial Holdings. "Summit is continually evolving by providing the latest top-tier technology to enhance client-advisor relationships, and this new offering is a perfect complement to our SummitVantageTM platform that creates additional value-add in our recruiting efforts." Addepar clients who seek Unified Managed Account (UMA) and Separately Managed Account (SMA) capabilities benefit from a seamless data integration with Adhesion. Combined with enhanced sleeve-level reporting capabilities, advisors are able to access powerful tools to help their clients implement sophisticated managed-portfolio solutions with ease while also monitoring fees and implementing valuable tax optimization overlay strategies. "This partnership represents a huge step forward for productivity and integration in wealth management," said Barrett Ayers, President of Adhesion Wealth. "The Addepar platform is, in our estimation, the best reporting system on the market today. We are excited to give advisors on the Adhesion platform access to their powerful suite of portfolio analytics." "We have maintained an unwavering commitment to building a best-in-class investment platform driven by client obsession," said Addepar President David Obrand. "We are thrilled to make this offering more widely available through our partnership with Adhesion and provide greater access to investment solutions for investors predicated on freedom of choice." About Adhesion Wealth Adhesion Wealth® is a leading provider of outsourced investment management solutions for registered investment advisors (RIAs). Adhesion Wealth empowers advisors with the ability to build their own multi-manager (UMA) strategies, access SMA strategies and use other turnkey investment solutions on the Adhesion Manager Exchange. Adhesion Wealth also provides advisors with personal and direct indexing, tax management, tax transitions, portfolio administration, practice analytics and client reporting. With Adhesion, advisors gain access to a scalable, multi-custodian platform upon which to grow successful practices. About Addepar Addepar is a wealth management platform that specializes in data aggregation, analytics and reporting for even the most complex investment portfolios. Founded in 2009 by Joe Lonsdale, who currently serves as an active Chairman of its Board of Directors and General Partner at 8VC, the company's platform aggregates portfolio, market and client data all in one place. It provides asset owners and advisors a clearer financial picture at every level, allowing them to make more informed and timely investment decisions. Addepar works with hundreds of leading financial advisors, family offices and large financial institutions that manage data for over $3 trillion of assets on the company's platform.

Read More


Zeni Launches Finance Concierge for Start-ups Backed by Artificial Intelligence

Zeni | March 15, 2021

Zeni, the book-keeping Fintech firm launched the first AI-powered finance concierge for start-ups, making it smart book keeping, accounting, CFO services ready to serve businesses across the United States. The company has also declared that it has brought up 13.5$ million funding till now, with Series A led by Saama Capital, Twin Ventures, Liquid 2 Ventures, Firebolt Ventures, Dragon Capital, Amit Singhal, Sierra Ventures, and SVB Financial Group involving in the funding with some more famous angel investors. since onboarding its first paid customers in January 2020, the company has experienced rapid growth and approvals. Today, managing over $200 million in funds each month across more than 100 startups, Zeni uses seamless blend of artificial intelligence and finance experts to manage book keeping and all other financial needs of its customers. What Zeni offers is speed and accuracy that gives start-up founders a real-time access to key-financial insights. The Zeni includes burn rate, operating expenses, cash/card balance, revenue by product, month-end reports, and more on its dashboard. Swapnil Shinde, Co-Founder and CEO of Zeni said “Start-up founders are flying blind each day because they don’t have access to a timely, accurate overview of their business finances,”. He also added: “We’re giving founders and start-up decision makers real-time visibility, control, and expert support with a finance solution that can evidently keep pace with their expanding business.” Zeni empowers startups by managing all finance-related activities of its startup clients for a flat monthly and yearly charges for the book keeping, accounting, and CFO services which includes: • Invoicing and Bill Pay • Expense and Receipt Management • Financial Projections, Budgeting, and FP&A Support • Payroll Administration • Zeni Dashboard Real-Time Reporting • Month-end Financial Statements • Yearly Taxes and R&D Credit Zeni has processed over 300$ million transaction in its initial year, and is on track to process over $1 Billion transactions in the next 12 months. Jenova Chen, Co-Founder and President of thatgamecompany, says “Zeni overcomes real-world pain points for startups like ours, we view the Zeni crew as an enlargement of our team. We rely on them multiple times every day to answer queries and get us our financial reports in a timely manner. For the first time, the Zeni dashboard gives me a real-time snapshot of how our firm is tracking and a constant outlook on business performance.” Co-Founders of Zeni, Swapnil Shinde and Snehal Shinde are twins and repeat entrepreneurs and technologists known for integrating human expertise and artificial intelligence. They have sold their previous start-up, the AI-powered travel assistant to Mezi to American Express. The twin brothers have now recruited a team of CPAs, accountants, tax advisors, FP&A experts and CFOs to leverage their expertise in creating the only finance management solution for start-ups. Ash Lilani, Managing Partner at Saama Capital said “Bookkeeping automation is a $10 billion market opportunity pleading for a solution that can enhance human output and meet the needs of expanding businesses,”. He also added “When Swapnil and Snehal stated they wanted to challenge the disconnected, complex bookkeeping solutions on the current market, we knew they were the team to do it. We’re excited to support Zeni in helping startups optimize their business each day.” About Zeni Zeni is a first-of-its-kind finance concierge that integrates human expertise and artificial intelligence to help start-ups make correct financial decisions and keep a tab on their expenditures. The Zeni dashboard includes daily bookkeeping, yearly taxes, bill pay, and invoicing, financial projections, budgeting, payroll administration, and more. Founded by twin brothers, Swapnil Shinde and Snehal Shinde in 2019, are serial entrepreneurs with their previous start-up acquired by American Express in 2018. Zeni has international investors including Saama Capital, Twin Ventures Sierra Ventures, Amit Singhal, SVB Financial Group, Firebolt Ventures, Dragon Capital, and Liquid 2 Ventures, plus additional prominent angel investors.

Read More


ERI partners with Bottomline to extend financial messaging solutions to financial institutions

Bottomline | October 05, 2021

ERI, provider of the leading technology platform OLYMPIC Banking System digitising front-to-back financial services processes, and Bottomline (NASDAQ:EPAY), a leading provider of financial technology that makes business payments simple, smart and secure, today announced a strategic partnership to integrate Bottomline’s SaaS-based financial messaging solutions with ERI’s OLYMPIC Banking System software package. This strategic alliance is effective worldwide, making Bottomline’s offering available to OLYMPIC Banking System customers globally via the system’s various cloud and on-premises configurations. Bottomline is a recognised and trusted expert delivering end-to-end technology solutions. Its SaaS offering is a comprehensive portfolio of products for financial messaging, reconciliation, business flow integration, market data and other services related to the payments and securities business. OLYMPIC Banking System is a fully-integrated, front-to-back, parameter-driven digital platform supporting banks and financial institutions in streamlining, automating and digitising their core business activities across their clients’ entire lifecycle. Jean-Philippe Bersier, ERI’s Director of Business Development, says: “ERI has a long collaboration history with Bottomline, and a significant number of our clients use Bottomline solutions daily with great satisfaction. Signing this strategic partnership is a step further in our collaboration and we aim to extend and integrate our products into more cloud-based environments and SaaS (Software as a Service) models.” Roni Hougui, COO at Hyposwiss Bank, headquartered in Geneva, underlines the fact that the bank has used the Bottomline solutions for a long time: “The SaaS solution for reconciliation perfectly integrates with the OLYMPIC Banking System. Thanks to that link we have been able to significantly improve our operational efficiency. Our processes are fully optimised, benefiting from a robust and reliable integrated solution.” "Working collaboratively to achieve a common goal is key," confirms Daniel Bardini, Managing Director at Bottomline Technologies, Switzerland. "We are thrilled to offer OLYMPIC Banking System’s customers an easy, convenient way to access new financial networks and provide the very tools that banks need to automate, secure and manage their payments and securities business, and to help in simplifying reconciliations and data management processes." About ERI ERI is an international company specialising in the design, development, distribution and support of the integrated, real-time banking and wealth management software package: OLYMPIC Banking System®. Operating in many of the major financial centres, ERI is present in Geneva, Zurich, Lugano, London, Luxembourg, Singapore and Paris. ERI is focused on providing comprehensive, quality software with effective system implementation assistance and efficient ongoing maintenance and support for clients worldwide. More than 400 banks and financial institutions across 60 countries in Europe, the Middle East, Africa, the Americas and Asia have already chosen the OLYMPIC Banking System®.

Read More