StormHarbour's leadership team includes two other managing principals, Robert Cummings, former managing director and head of Citigroup's European credit products distribution and Sohail Khan, former managing director responsible for Citigroup's legacy asset remediation efforts.

With offices in New York and London and plans for expansion into Switzerland and Asia, StormHarbour expects to apply analyzing, structuring, distributing and originating fixed income securities across asset classes for its sophisticated pension fund, hedge fund, endowment, insurance, banking and corporate clientele.

The firm intends to leverage its partners' experience in fixed income markets to broad innovative solutions to clients in the areas of sales and trading, product structuring, advisory services, capital markets and asset management.

The firm's services will span fixed income multiple asset classes, including the full range of credit, emerging markets, securitized product, convertible and alternative asset securities.

'StormHarbour was created to fill a need for an experienced international fixed income firm free of conflicts in today's evolving financial services arena. With offices in strategic financial centers, StormHarbour will provide worldwide coverage and efficient execution across the fixed income asset class. We intend to add professionals who share our global expertise and our commitment to integrity and trust,' says Chapey.

'We are excited to launch a firm with a talented and seasoned team, a robust infrastructure and a solid capital base to advise and support our clients in these challenging times. Our significant investments in technology, analytics and in-house proprietary systems will enable us to conduct rigorous valuation and pricing analysis of complex structures and assets to maximize value for our clients. We recognize that each situation is unique and we will tailor our services to best meet individual needs,' says Cacorino.