NEW YORK, Oct. 6 /PRNewswire/ -- Espirito Santo Investment (Banco Espirito Santo de Investimento, S.A.), a leading Portuguese investment bank, today announced that Gregory Faranello has been promoted to Head of Global Markets Treasury and Trading of their New York office. He previously served as the Head of U.S. Rates.
Espirito Santo Investment's Global Markets Treasury and Trading team has first-hand knowledge of local markets throughout Europe and Latin America. Their offerings enable clients to achieve cash management and risk mitigation objectives.
As the Head of Global Markets Treasury and Trading, Faranello will lead the branch's fixed income trading and sales* functions, foreign currencies, and credit trading activities.
"Greg Faranello has been a proven asset to the organization and we are thrilled that he will lead our Global Markets Treasury and Trading team as we continue to expand and evolve our offerings," said Moses Dodo, General Manager of the New York Office and Member of the Board of Directors at Espirito Santo Investment. "Greg's experience will undoubtedly contribute to the continued development of a strong Treasury and Trading team that will leverage our local market knowledge and deep sector expertise."
Faranello brings more than 18 years of experience in U.S. currency and interest rate markets. He has held numerous leadership positions within the financial services sector, and was most recently the global head of USD interest rate derivative trading for RBC Capital Markets in New York. Faranello spent 11 years as a Managing Director at both Greenwich Capital Markets and WestLB. In these roles, he was responsible for building the global interest rate trading businesses and revenue generation from both customer and proprietary risk taking.
"Espirito Santo Investment is an industry leader with great knowledge of the global markets. I look forward to continuing to work with the Firm and the experienced staff to expand the offerings of this division," said Faranello.
Faranello holds a B.B.A. in Finance from Hofstra University and an M.B.A. in International Business from Hofstra's Zarb School of Business. He is also a Chartered Financial Analyst.
*U.S. persons wishing to effect securities transactions should do so through ES Financial Services, Inc., a licensed broker-dealer regulated by the Securities and Exchange Commission and FINRA.
SOURCE Espirito Santo Investment