Corporate Securities

  • Lucas Detor
  • Mr. Detor is a managing principal and member of the Investment Committee for CarVal Investors, responsible for leading the firm’s investment strategy and management. He also leads the firm’s high yield and transportation investments and oversees capital formation and emerging markets for the firm. Mr. Detor joined CarVal from Morgan Stanley, where he most recently served as managing director and co-head of the global distressed and U.S. leveraged loan business. Mr. Detor has also served the U.S. government as a Special Agent with the United States Secret Service, as well as serving in the U.S. Army Reserves and New York National Guard. Mr. Detor received his M.B.A. from NYU’s Stern School of Business and his B.S. in accounting from SUNY Albany and is a Certified Public Accountant (inactive).

  • James Ganley
  • Mr. Ganley is a managing principal and member of the Investment Committee for CarVal Investors, responsible for leading the firm’s investment strategy and management, as well as distressed corporate credit investments in the U.S. and Europe. In addition, he leads risk and portfolio management across CarVal’s credit funds and investments globally. Prior to joining CarVal in 2009, Mr. Ganley was a managing director for the Special Situations Group at Goldman Sachs in Europe where he focused primarily on corporate credit investments including distressed credit, high-yield credit, event-driven investing and liquidations. Mr. Ganley received his M.B.A. from the University of Chicago and his B.S. in finance and accountancy from Villanova University and is a Certified Public Accountant (inactive).

  • Tom Bauwens
  • Mr. Bauwens is a principal for CarVal Investors.  Based in London, Mr. Bauwens is responsible for leading the Corporate Securities business in Europe.  Prior to joining CarVal in 2012, Mr. Bauwens was a managing director for Goldman Sachs European Special Situations Group where he worked across the entire capital structure in both performing and distressed situations in many industries.  His primary responsibility was managing all TMT investments of the group.  Before joining Goldman Sachs in 2002, Mr. Bauwens worked in The Boston Consulting Group’s Brussels office.  Mr. Bauwens has a degree of high distinction in electromechanical engineering from the University of Ghent, as well as an M.B.A. from Vlerick Leuven Gent Management. He also holds an M.B.A. from Harvard Business School where he was a Baker Scholar.  Mr. Bauwens is fluent in Dutch, English and French.

  • Gerardo J. Bernáldez
  • Mr. Bernáldez is a principal for CarVal Investors, responsible for leading investment strategy in emerging markets. Mr. Bernáldez joined Cargill in 1989 in its Emerging Markets Division in Argentina. He moved to Mexico in 1992 and Venezuela in 1994 working as a controller in the Financial Markets Group. In 1995, he joined the firm as an investment manager in Mexico, involved in loan portfolios, real estate and distressed corporate debt. In 1999, he moved to the U.S. where he led the emerging markets/corporate securities team. He is currently based in Singapore where he oversees the corporate securities business in Asia. Fluent in English and Spanish, Mr. Bernáldez received his business administration degrees from Universidad de Belgrano, Argentina and is a Certified Public Accountant.

  • Gregory Belonogoff
  • Mr. Belonogoff is a principal for CarVal Investors. Based in London, Mr. Belonogoff is responsible for leading the firm’s London office, as well as managing Corporate Securities investments in the United Kingdom and Europe and overseeing hard asset investments globally. Prior to joining CarVal in 1998, Mr. Belonogoff was business development manager for Fritz Companies CIS, a subsidiary of UPS, based in Moscow, Russia. Fluent in English and Russian, Mr. Belonogoff received his M.B.A. with a concentration in finance from the Amos Tuck School at Dartmouth and a B.A. in economics and Russian studies from Bowdoin College, Brunswick, Maine, graduating magna cum laude.

  • Justin Bradburn
  • Mr. Bradburn is a principal for CarVal Investors.  Based in New York, Mr. Bradburn is responsible for managing the firm’s investments in the aviation and transportation industries.  Prior to joining CarVal in 2014, Mr. Bradburn was a partner and portfolio manager at Brigade Capital Management.  Before joining Brigade in 2008, Mr. Bradburn was an executive director with Morgan Stanley. He has also led distressed investing and aviation trading for a number of other major investment banks.  Mr. Bradburn earned a B.Sc. with honors in biochemistry and physiology from Southampton University and later served as an infantry officer in the British army.

  • Joseph Graf
  • Mr. Graf is a principal for CarVal Investors. He is responsible for managing Corporate Securities investments in emerging markets, focusing on trades in distressed assets, high-yield assets, structured products and equities. Prior to joining CarVal in 2006, Mr. Graf was a director at Credit Suisse First Boston, focusing on emerging markets distressed, high-yield and structured product investments. Mr. Graf holds a B.A. in economics from Ramapo College of New Jersey.

  • Jerry Keefe
  • Mr. Keefe is a principal for CarVal Investors. Based in New York, he is responsible for leading distressed debt investments in North America. Prior to joining CarVal in 2015, Mr. Keefe was a co-head of the high yield and distressed investing group at Goldman Sachs.  Earlier in his career, Mr. Keefe a was managing director and head of distressed debt at Wachovia Securities and served as director of distressed research in Deutsche Bank’s Global Distressed Products Group.  Mr. Keefe earned a B.A. from Manhattanville College.

  • John Withrow
  • Mr. Withrow is a principal for CarVal Investors, responsible for leading high-yield debt trading. Prior to joining CarVal in 2015, he most recently served as senior managing director and senior portfolio manager for Macquarie Credit Nexus Fund Limited. While at Macquarie, he managed a long/short high-yield trading book focused on relative value trading opportunities and capital structure investments as well as leveraged loans. Mr. Withrow received his MBA from the Fuqua School of Business at Duke University. He received his M.S. in Bioengineering and B.S. in Mechanical Engineering from the University of Pittsburgh.

  • Dan Kersten
  • Mr. Kersten is a managing director for CarVal Investors, responsible for managing investments in North American corporate securities. Prior to joining CarVal in 2010, Mr. Kersten was a senior associate at Irving Place Capital and an associate at Goldner Hawn Johnson & Morrison where he focused on private equity investments.  Mr. Kersten received his M.B.A. from The Wharton School at the University of Pennsylvania and a B.B.A. from the University of Michigan.

  • Daniel Lerner
  • Mr. Lerner is a managing director for CarVal Investors’ Global Corporate Credit business. He is responsible for research and managing investments in emerging markets, focusing on trades in distressed and high-yield assets, structured products and equities. Prior to joining CarVal, Mr. Lerner was SVP at Lehman Brothers where he was responsible for leading the emerging markets corporate research effort. Mr. Lerner holds a B.S. in finance from Syracuse University.

  • Ben Ramli
  • Mr. Ramli is a managing director for CarVal Investors’ Corporate Securities group, managing investments in North American and emerging market credits. Mr. Ramli joined Cargill in 1999 as the treasurer of Cargill Indonesia and trader in the capital markets business. He transferred to Cargill’s Singapore office in 2001 to be part of CarVal’s Asia team, and moved to Minneapolis in 2003. Prior to joining Cargill, he worked with three Indonesian-based banks as an internal auditor and in the bank syndication business. He received his B.C. from the University of Ottawa, Canada and M.B.A. from Cal Poly at San Luis Obispo.

  • Bryan Simpson
  • Mr. Simpson is a managing director for CarVal Investors, responsible for managing Corporate Securities investments in Europe.  Prior to joining CarVal in 2012, Mr. Simpson was a vice president with Credit Suisse, focusing on distressed corporate credit and financials in both New York and London.  He has also worked for Morgan Stanley’s fixed income division.  Mr. Simpson received his M.B.A. with a concentration in finance from London Business School and a B.A. in economics and East Asian Studies from Denison University.  He is a Chartered Financial Analyst.

  • Andrea Zambelli
  • Mr. Zambelli is a managing director for CarVal Investors. Based in London, he focuses on corporate securities investments in the UK and Europe. Prior to joining CarVal, Mr. Zambelli was with Citigroup’s proprietory unit in London as an investment analyst. Previously, he worked for Salomon Smith Barney as a research analyst and for Paribas Capital Markets. Mr. Zambelli received his B.A. in finance from Bocconi University in Milan, graduating cum laude.

  • Ayaz Asaf
  • Mr. Asaf is a director for CarVal Investors, responsible for managing Corporate Securities investments in Europe. Prior to joining CarVal in 2014, Mr. Asaf was a vice president with Citigroup London, focused on distressed trading. He has also worked as a vice president for Credit Suisse in London in both distressed trading and investment banking. Mr. Asaf received his B.A. in commerce and mathematics from the University of Toronto. He is a qualified Chartered Accountant and a Chartered Financial Analyst.

  • René Burgos Díaz
  • Mr. Burgos is a director with CarVal Investors, responsible for managing investments in Latin America in both public and private distressed and high-yield assets and structured products. Prior to joining CarVal in 2015, Mr. Burgos was with Deutsche Bank for 11 years, most recently as a director within the emerging markets structured credit trading team. Mr. Burgos received a B.A. from the University of Puerto Rico. He is fluent in Spanish.

  • Robert Garvey
  • Mr. Garvey is a director for CarVal Investors, responsible for managing corporate securities investments in Europe.  Prior to joining CarVal in 2010, Mr. Garvey worked with the European distressed debt group at Bank of America Merrill Lynch in London.  Prior to that he worked as an attorney with Shearman & Sterling LLP and Mallesons Stephen Jaques in Sydney.  Mr. Garvey received his M.A. in applied finance from Macquarie University in Sydney and B.L. (Hons) and B.S. degrees from the University of Melbourne.

  • Sean Goudy
  • Mr. Goudy is a director for CarVal Investors, responsible for managing investments in North American corporate securities. Prior to joining CarVal in 2005, Mr. Goudy worked on the trading desk at US Bank Asset Management.  Mr. Goudy earned his B.A. from Gustavus Adolphus College and holds the Chartered Financial Analyst designation.

  • Roger Newkirk
  • Mr. Newkirk is a director for CarVal Investors. He is responsible for trading and investments in global emerging markets. Prior to joining CarVal in 2015, Mr. Newkirk was an executive director at UBS Securities LLC, responsible for the emerging market corporate trading business with a primary focus on high yield and distressed trading in Latin America. Before joining UBS in 2013, Mr. Newkirk was a director at Barclays Capital where he participated in the launch of the Latin American corporate business in 2006; trading credit default swaps, bonds and loans. Mr. Newkirk received his M.B.A. with a concentration in finance and entrepreneurship from Columbia Business School and a B.B.A. with a concentration in finance and real estate from the University of Cincinnati. In addition, Mr. Newkirk is a CFA Charterholder.

  • Michael Phillip
  • Mr. Phillip is a director for CarVal Investors, responsible for managing Corporate Securities investments in Asia.  Prior to joining CarVal in 2013, Mr. Phillip was a director in the Strategic Investment Group at Deutsche Bank in Hong Kong.  He was also previously an Executive Director in Distressed Trading at Morgan Stanley in Hong Kong and Head of Capital Markets Research at Westpac in Sydney.  Mr. Phillip received his M.B.A. from the University of California at Berkeley and his B.E. in chemical engineering from the University of Sydney, graduating with honors. 

  • Carlo Portes
  • Mr. Portes is a director for CarVal Investors, responsible for managing high-yield investments. Prior to joining CarVal in 2015, he was managing director of Macquarie Credit Investment Management where he focused on the retail, technology, media and telecommunications sectors.  Mr. Portes received his M.B.A. from the Kellogg School of Management at Northwestern University and his B.A. in economics and international relations from the University of Pennsylvania, magna cum laude.

  • William Schatz
  • Mr. Schatz is a director for CarVal Investors, responsible for managing investments in North American corporate securities. Prior to joining CarVal in 2016, he was a managing director at Intermarket Corporation, an investment adviser, and before that was a vice president at Jefferies & Company. Mr. Schatz received his A.B. in molecular biology from Princeton University.

  • Gabriel Szerda
  • Mr. Szerda is a director for CarVal Investors, responsible for managing high-yield investments. Prior to joining CarVal in 2015, he was managing director of Macquarie Credit Investment Management where he focused on the healthcare, equipment rental, auto supply and gaming sectors. Mr. Szerda received his B.S. in Accounting from the University of Maryland.