Innovation is a word that is frequently overused, and rarely actually implemented. This is especially true within financial services, and particularly for investment products. When innovation is truly delivered, it creates tectonic advancements within the industry and provides the real, dynamic solutions that investors need.
Leveraging an extensive background acquired through decades leading global platforms at top tier Wall Street firms, Alaia Capital’s founders have set out to create an unconstrained environment within which they can deliver real change.
In order to truly deliver innovation within investment products, we believe the following ingredients are necessary:
- Deep product knowledge – knowing the limits of what can and cannot be done
- Extensive industry network & partnerships – disrupting the system not by creating gaps, but by building a bridge to close them
- No predisposition or biases – creating solutions outside of institutional limitations
- Really understanding clients – deliver what they want, not what is at hand or beneficial. Listen and build, not the other way around
Oscar has a 20+ yr. career at top-tier Wall Street firms, where he has managed several market-leading structured derivative businesses. Amongst his various leadership roles prior to co-founding Alaia Capital, Oscar was the global head of Multi-Asset Structuring for Citi covering all investor classes (HNW, institutional, retail) and the Americas Head of Multi-Asset Structuring and High Net Worth Sales at Bank of America Merrill Lynch. By overseeing the largest structured businesses globally, he has been at the forefront of the industry evolution, pioneering its growth and leading innovation at the product, underlying and distribution levels.
Prior to co-founding Alaia Capital, Oscar was a Managing Director at Citigroup Global Markets in charge of Americas Structuring and Sales of all structured equity and multi-asset solutions for institutional, high net worth and retail clients. He led the efforts to build a broad and robust structured business for Citigroup, where he pioneered the structured products platform in the mid 90’s and grew the product offering to include quantitative investment strategies, comprehensive structured platforms and wrappers, and MTN trading. Additionally, Oscar was the global head of Multi-Asset Structuring from 2012 to 2013 with teams located in NY, London and HK, as well as the head of Equity Derivatives for Latin America in 2014. He was part of the Equity Derivatives Operating Committee and the Latam Equities Executive Committee.
Oscar was also a Managing Director and head of Multi-Asset Structuring and High Net Worth Sales for the Americas at Bank of America Merrill Lynch prior to joining Citigroup. He managed all structuring and origination, where he and his team were responsible for the creation, delivery and trading of structured solutions for the entire Merrill Lynch advisor base as well as for family offices, ultra-high net worth and institutional clients. Annual notional amounts traded under Oscar’s leadership exceeded $17 billion while at BAML.
Oscar started his career on Wall Street at BNP Paribas, where he worked in a structured finance unit responsible for originating and creating structured solutions for corporate clients. He has an MBA from Columbia University, received his Mechanical Engineer degree from Universidad Metropolitana in Venezuela, and holds securities licenses from FINRA in Series 7, 63, and 24. He resides in Greenwich, CT with his wife and 3 kids.
Along with Oscar, Paul is responsible for leading the firm’s strategy, business development, and overall management. With over 22 years of experience in the financial services industry, Paul has built and managed various equity derivatives businesses at firms including Morgan Stanley, UBS, and most recently Citigroup, where he was the head of Delta One for the Americas. This background, coupled with his functional experience spanning across research, trading, sales, and overall product, has been critical in executing the vision for Alaia Capital and delivering its value proposition to clients.
Prior to co-founding Alaia Capital, Paul was a Managing Director at Citigroup Global Markets where he ran Delta One Sales and Trading for the Americas, which encompassed all swaps and ETF products. Under his leadership, many structural, technological, and operational changes were advanced, leading to a more than doubling of revenue and placing the firm within the top tier among its client base. Paul was also responsible for building a market-leading International Derivatives Sales desk to address a gap in coverage to institutional clients focused on non-US underlying equities. Paul was a member of the Americas Executive Committees and Global Operating Committees for both Equities and Prime Finance divisions. He also served on the Markets Sales and Trading Recruiting Steering Committee.
Before joining Citigroup, Paul was a Managing Director in the Equities division of UBS where he also formed and headed the firm’s International Equity Derivatives Sales desk with teams in NY and London, and led initiatives for global Delta One products. Driven by the success of this effort, Paul also was awarded responsibility for Latin America Equity Derivatives sales and trading. Prior to UBS, he also held senior management positions at Morgan Stanley and Comstock Partners comprising a variety of functions in research, trading, and sales. Paul started his career in the industry at the Korea Institute of Finance.
Paul graduated from Denison University in 1993 with a B.A. in Economics, and holds securities licenses from FINRA in Series 7, 63, 3, 4, 55, and 24. He lives in New Canaan, CT with his wife and four children.
Dan manages sales, marketing and investor relations for Alaia Capital. He has extensive experience in structured notes and derivative instruments referencing equities, interest rates, currencies, and commodities gained in client facing roles at top tier investment banks including Morgan Stanley, Barclays, and most recently Goldman Sachs. He has developed a broad understanding of investor needs while working with both institutional and individual clients for over 17 years.
Prior to joining Alaia Capital, Dan worked in the Securities Division at Goldman Sachs managing a strategy to build and expand a structured notes franchise in commodities and foreign exchange. As a member of Interest Rate Product Sales, he also priced, marketed, and executed structured rate debt to US Broker Dealers, Goldman Sachs Private Wealth Management, and Registered Investment Advisors (RIA).
Before joining Goldman Sachs, Dan was a Director in the Corporate & Investment Bank at Barclays beginning in 2009. As a senior member of Equity & Fund Solutions, he collaborated with a diverse range of institutional clients on cross-asset structured notes and derivative solutions. His group consistently originated over $5 billion annually in notes, exchange traded products, and over-the-counter (OTC) derivatives linked to all markets, including fund-linked and algorithmic strategies. During this time he also oversaw OTC interest rate solutions for high net worth clients of Barclays Wealth, assessing their interest rate risk and advising on hedge implementations. His range of clients during this period consisted of top tier brokerage firms, family offices, RIA’s, foundations, and endowments.
Dan started his career in fixed income at Morgan Stanley in 2000, working in the capital markets group of Global Wealth Management before eventually holding roles in interest rate structuring and equity derivative sales within the firm’s Institutional Securities Group. There he tailored customized structured notes and advised clients on derivative risk management and investment strategies for concentrated equity positions.
Dan received his Bachelors in Science with a concentration in Finance from the University of Florida. He is a Chartered Financial Analyst and holds securities licenses from FINRA in Series 7, 63, 3, and 55. He resides in New York City with his wife and child.
Steve Bodurtha has spent his career building and transforming investment and wealth management businesses. As the head of Citi Private Bank’s investment business in North America, Steve led its transformation from a banking and lending dominated business and culture to a leading provider of investment and wealth services to ultra-high net worth clients. This organization was recognized as the “Best Private Client Investment Platform” by the 2015 and 2016 Family Wealth Report Awards.
Prior to joining Citi Private Bank in 2009, Steve co-headed the investments, wealth management and insurance organization, as well as the retirement business, at Bank of America Merrill Lynch. He began his career with Merrill Lynch in investment banking and held multiple leadership roles in the firm’s institutional and wealth management divisions over two decades.
Steve has been a leading innovator in investment and wealth services and a builder of strong professional teams. He is a co-inventor of the $100+ billion S&P Select Sector Spdrs exchange traded funds, and he launched the structured notes product at Merrill Lynch Private Client, which grew into a $400+ million annual revenue business. Steve led the development of open architecture trading methods for the benefit of investors. He hired the first chief investment officer in the wealth management division of Merrill Lynch, delivered recognized innovations in asset allocation, and launched the firm’s first unified multi-product, multi-asset class managed account platform. Steve has published articles in books and periodicals such as The Financial Analysts Journal. He was also featured in an HBS case study in Investment Management, and in the book, The Super Traders.
In addition to being a partner in Alaia Capital, Steve is the Founder and CEO of Inflexion Point Partners, whose mission includes supporting and contributing to the development of fiduciary-friendly investments and advanced wealth technology.
Steve has an MBA from Harvard Business School, where he also wrote cases as an Associates Fellow. He graduated magna cum laude from Wesleyan University with a BA in Government.
Steve has served as a board and executive committee member of a major New England synagogue, and as a board member and honoree of Yeshivat Chovevei Torah, a rabbinical educational institution. He has been active in the New York City Public Schools Principal-for-a-Day program and, with his family, led teams of volunteers at Connecticut area homeless shelters and in New Orleans. He has been a Little League coach, and is a co-founder of the Vesey Street Band, which has performed at the American Liver Foundation’s Liver Life Walk, among other venues.