Algebris hires RBS’ Gallo for macro strategies
Algebris Investments has appointed RBS’ Alberto Gallo (pictured) as partner and head of Global Macro Strategies.
Gallo will build on Algebris’ investment capabilities, diversifying beyond financials and expanding across global credit.
He will take on both research and portfolio management responsibilities and will report to CEO and founder, Davide Serra.
Before joining Algebris, Gallo set up and headed the Global Macro Credit Research team at RBS, leading idea generation across credit markets.
He has been top-ranked by Institutional Investor’s All Europe Fixed Income Survey over the past four years, most recently #1 for Investment Grade Strategy and #2 for High Yield Strategy for the second year running, and #2 for Fixed Income General Strategy.
His track record in research includes foreseeing the 2008 crisis as well as the European crisis of 2010, the subsequent central bank driven recovery, and the most recent slowdown in Emerging Markets and China.
Previously, he was a Global Credit Strategist at Goldman Sachs in New York. Prior to that, he initiated and ran the Global Credit Derivatives Strategy team at Bear Stearns.
Serra said: “Alberto’s appointment marks a significant milestone for Algebris Investments. Having maintained a historical focus on global financials since our inception in 2006, we are now looking to expand our scope.
“Alberto will ensure continuity, inject fresh energy and play a pivotal role in the development of new investment strategies. He is a highly regarded global economic expert who will bring tremendous insights and make significant contributions to our investment process”.