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
Prior firms: Citigroup, Merrill Lynch, BNP Paribas
Past roles include: Global Head of Structured Investments
Education: MBA from Columbia University, Universidad Metropolitana (Venezuela)
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.
Prior firms: Bankers Trust, Barclays, Merrill Lynch, PaineWebber, Stifel
Past roles include: Head of Wealth Management, Head of Structured Investments, Head of Alternative Investments
Education: MBA from Columbia University, University of Texas
Steve joined Alaia Capital in April, 2017 and is responsible for business development activities. He has over 28 years of industry experience having worked primarily in both the Wealth Management segments and in Capital Markets/Derivatives businesses.
Steve started his career with PaineWebber working in the Mortgage-Backed Securities group. He then joined Bankers Trust Company in the Fixed Income Derivatives group and spent approximately 7 years with the firm being located in both New York and Hong Kong. Steve then spent ten years with Merrill Lynch where he worked in both New York and in Tokyo. While at Merrill he co-headed the firm’s Private Client Structured Investments business, as well as the firm’s Private Client Alternative Investments business.
Steve was then recruited by Barclays Bank to oversee their Americas Wealth Management business. He spent 6 years with Barclays during which time he was also appointed to the Board of Directors of Barclays Capital Inc. At the end of 2015, Steve helped execute the sale of his division (the Americas Wealth Management business) to Stifel Financial where he then spent approximately 1 year, prior to joining Alaia Capital.
Steve holds his undergraduate degree from the University of Texas, Austin and his MBA from Columbia University.
Prior firms: Citigroup Global Markets, EAM Partners
Past roles include: Portfolio Manager, Director Hybrids/Asset Management Derivatives
Education: James Madison University
Stephen joined Alaia in August 2018 and is responsible for structuring and executing Alaia’s suite of defined outcome funds.
Stephen has over 18 years of experience in multi-asset trading and asset management and has expertise in algorithmic indices and derivatives risk management. Prior to joining Alaia, he was a Director at Citigroup Global Markets in charge of Hybrids and Asset Management Derivatives trading. He managed risk positions on Citi algorithmic indices referencing multi-asset underlyings. He also launched and managed the Citi Market Pilot 2030/2040 ’40 Act funds.
Prior to Citi Stephen was a portfolio manager for managed futures strategy hedge funds at EAM Partners LP/AFT LLC. He developed and codified trend following trading strategies that were packaged as S&P Indices and licensed to Rydex Funds, RBS, HSBC and others.
Stephen is a Chartered Financial Analyst (CFA) Charterholder and Financial Risk Manager (FRM). He graduated from James Madison University in 1999 with a B.A. in English and holds Series 7 and 66 securities licenses from FINRA. He lives in New York City with his wife and two daughters.
Prior firms: Morgan Stanley, UBS, Mesirow Financial, Performance Trust
Past roles include: VP Institutional Sales, Director of Sales
Education: MBA from University of Chicago, University of Iowa
Sean began his career within Morgan Stanley’s Wealth Management division. He then joined UBS and later Mesirow Financial, as Vice President of Institutional Fixed Income Sales. Prior to joining m+ Funds Sean headed sales in the Eastern US for Performance Trust Asset Management.
Sean brings over a decade of capital markets and asset management distribution experience to his business development role at m+ funds.
Sean holds his undergraduate degree from the University of Iowa and his MBA from the University of Chicago.
Prior firms: Citigroup, CBOE, ASE, Shearson Lehman Brothers
Past roles include: Citi Americas Head of Private Client Solutions, Citi Americas Head of Private Bank Capital Markets
Education: MBA and BS from New York University Stern School of Business
Nick joined m+ funds in December, 2018 and is focused on business development and driving the firm’s global client distribution strategy. He has 30+ years of industry experience having worked in capital markets and financial services in both Capital Markets and Wealth Management.
Nick most recently spent 18 years at Citi where he was Co-Head of Americas Private Client Solutions and Americas Head of Private Bank Capital Markets. He executed Citi’s client distribution strategy, including delivering the breadth of Citi’s capital markets platform to Retail and UHNW clients across the Americas. Nick is credited with launching and establishing Citi’s retail capital markets business across the Americas including Mexico, Brazil, and LAMB. When he joined Citi, he focused on expanding the structured product business across asset classes and into new client segments. In addition, he pioneered the Citi Americas Joint Venture between the Private Bank and Capital Market to provide institutional access to UHNW client segments. Prior to joining Citi, he spent 5 years at the Chicago Board Options Exchange where he was Director of Capital Markets focused on business development working with NY Bank Origination Desks to introduce new innovative structured products. Nick started his career with Shearson Lehman Brothers Consulting Group business developing and delivering the first generation of fee based managed products.
Nick holds his undergraduate degree in Economics and MBA in Finance from New York University Stern School of Business. He is a Chartered Financial Analyst (CFA) and holds securities licenses from FINRA in 7, 63, and 24. He resides in Bedford, NY with his wife and 3 children.
Prior firms: Parametric Risk Advisors, Bank of America, Bear Stearns, Credit Suisse
Past roles include: CEO and Chief Investment Officer of an asset management company, Head of Structured Products, Chief Operating Officer, Board Member
Education: University of Vermont
Prior to founding Parametric in 2002, Brad was a Co-Founder and COO of Bank of America’s Equity Financial Products Group in NYC. While at BofA, Brad was Chief Operating Officer of the Equity Financial Products Group, sat on the Board of Directors for Banc of America – Japan and oversaw structured products, sales and marketing.
Prior to BofA, Brad was the Managing Director and Head of Equity Derivatives Product Structuring group at Bear Stearns. He also worked in the derivative groups at Merrill Lynch and at Credit Suisse serving US institutional clients of debt capital markets, interest rate, currency, commodity and equity derivatives products. Brad graduated from the University of Vermont with a B.A. in Political Science and History.
Prior firms: BlackRock, Barclays Global Investors, Price Waterhouse Coopers
Past roles include: Global Head of Marketing & Partnerships, Global Head of Business Development, Head of US iShares Distribution & Head of Europe iShares Distribution
Education: Stanford University & Columbia Graduate School of Business
Jennifer Grancio was a founder and then Executive in BlackRock’s iShares ETF business for over 18 years. Jennifer was an innovator within asset management and helped drive ETFs to the multi-trillion dollar global industry we see today. Jennifer also served on Boards, lead the US and European businesses and acted as CMO and Head of Partnerships for BlackRock’s index business. Jennifer has transitioned to working with growth companies to scale commercial success. She is active in advancing women in leadership and in youth and health nonprofit leadership. Jennifer studied at Stanford and at Columbia’s Graduate School of Business.
President: Donostia Ventures
Past roles include: ETF.com, IndexUniverse LLC
Education: Stanford University & Columbia Graduate School of Business
Jim is the President of Donostia Ventures and currently serves as an ETF industry consultant and investor. Wiandt is the founder of ETF.com and for many years headed IndexUniverse LLC which had the Journal of Indexes ETF Report and IndexUniverse.com as publications and launched the successful Inside ETFs events and ETF.com’s data business. In 2015-2016 he participated in the sale of ETF.com’s data business to FactSet, its events business to Informa and its publications to BATS (now CBOE). Wiandt is also the author of the Jon Wiley & Sons book, Exchange Traded Funds.
About: 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, 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 member 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. He also serves as an independent sales training faculty member and business development partner to Gartner – Corporate Executive Board.
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.