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SCORPEO opens Boston office and expands with senior hires in London and US

SCORPEO  has recruited Jack McNally as Managing Director of SCORPEO US, based in the firm’s newly opened US office in Boston and Chris Barrow as Head of Business Development, based in London.

Prior to joining SCORPEO, Jack McNally worked for Lehman Brothers and then Credit Suisse for 11 years in New York, Boston and Zurich, where he was a Managing Director and Global Head of the Managed Securities Lending Business and Head of Prime Services, Switzerland.

 
Chris Barrow recently joined SCORPEO from HSBC where he was a Managing Director and Global Head of Sales and Marketing for Prime Finance. He has over 20 years’ experience in finance, holding various senior roles in investment banking as a lawyer and in sales and relationship management. 
 
Set up in 2012 by 5 partners, including Matt Ruoss and Jonny Ruck, who had held senior structured finance and structured arbitrage positions in sellside institutions, SCORPEO is entirely focused on corporate action products to help asset managers, custodians and beneficial owners realise the full potential value in corporate actions. Its solutions bring much needed transparency to corporate events and it can simplify the most complex events and advise on the likely market impact. It has offices in Bermuda, London, Boston and the Netherlands.
 
Matt Ruoss, CEO of SCORPEO UK, says: “Attracting senior professionals of the stature of Chris Barrow and Jack McNally demonstrates the momentum and ambition we have as a firm. Chris will help us further hone our understanding of the exact needs and challenges of all parts of the investor marketplace, while Jack will drive our US growth from our new Boston office, working together with Susan Peters our Head of US Sales and Marketing.   
 
“Custodians and fund managers have a fiduciary duty to maximise returns for their own clients whilst minimising risk. SCORPEO helps them achieve this by maximising revenues with full transparency throughout the process. Corporate Event value capture has not always attracted much attention from Investors, but it should as SCORPEO’s detailed analysis demonstrate that the missed revenues in corporate actions are worth over $1 billion annually in Europe alone.”
 
McNally adds: “SCORPEO is developing a growing reputation as a service provider with compelling products to help tackle the missed value that can arise in corporate actions.  This has undoubtedly become a much more high profile issue for US beneficial owners, asset managers and custodians, and with my colleagues in our new Boston office we’ll be making sure that SCORPEO can take hold of the opportunity and deliver something of real value to investors.”
 
Barrow adds: “As asset management becomes an ever more competitive industry with complexity and costs rising, I wanted to find an area that capitalises on these trends and be part of a company that finds solutions.  Often the embedded value in corporate actions is missed, and SCORPEO is unique in providing the tools to do the value analysis and provide the service to capture the intrinsic value.”

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