Algebris gains RBS’s Alberto Gallo for credit push

Alberto GalloAlberto Gallo, former macro credit strategist for Royal Bank of Scotland (RBS), joins UK fund manager Algebris Investments to work with the firm’s founder on expanding global credit.

Gallo becomes head of global macro strategies and will help with the creation of a fund designed to profit from negative interest rates and central bank stimulus measures.

Davide Serra, the firm’s founder, said Gallo will be involved in the development of new investment strategies to widen the firm’s scope, which had previously focused on financial equities and corporate bonds.

At RBS, Gallo set up and ran the bank’s global macro credit research division. Prior, he served as global credit strategist at Goldman Sachs and managed the global credit derivatives strategy team at the now defunct Bear Stearns.

Gallo’s biography says he foresaw the 2008 financial crisis, the 2010 Eurozone crisis, and current economic slowdown in China.

Algebris manages assets of around €2 billion.

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