Structured Credit

Our structured credit team is continuously evaluating relative value opportunities across global structured credit markets.

We invest in both the US and EU corporate, consumer and residential structured credit markets across the capital structure and in both primary and secondary markets, as well as via the provision of warehouse financing, depending on the mandate and market conditions.

The structured credit team combine a top-down macroeconomic view with disciplined bottom-up credit analysis and an active trading mindset.

The team has experienced numerous cycles and leverages this experience to combine disciplined, bottom-up credit analysis with macroeconomic views and active trading.

Our structured credit team is continuously evaluating relative value opportunities across global structured credit markets.

We invest in both the US and EU corporate, consumer and residential structured credit markets across the capital structure and in both primary and secondary markets, as well as via the provision of warehouse financing, depending on the mandate and market conditions.

The structured credit team combine a top-down macroeconomic view with disciplined bottom-up credit analysis and an active trading mindset.

The team has experienced numerous cycles and leverages this experience to combine disciplined, bottom-up credit analysis with macroeconomic views and active trading.

The team

Neil Servis

Chief Executive Officer

Serj Walia

Chief Investment Officer

Stuart Chapman

Portfolio Manager

Filippo Sampietro

Portfolio Manager

Alex Forrest

Investment Analyst

Jonathan Kong

Investment Analyst

Prior to founding Serone in 2009, Neil served as Head of the European Structured Credit Agency group at Morgan Stanley in London, European Head of CLOs at Citigroup and Director in the Structured Credit Derivatives group at JP Morgan Chase. Throughout his banking career, Neil was responsible for deal sourcing, structuring, and syndicating a variety of credit instruments across corporate and asset-backed securities, in both cash and derivative format. With over 30 years in the industry, Neil has built a highly extensive global network for sourcing and distribution.

Neil holds a BSc in Engineering in Aeronautics and Astronautics from Southampton University and an MA in Finance from the London Business School.

Serj has managed the Firm’s award-winning Flagship Fund since its inception in 2012. Ahead of this he built up a decade of buy-side experience at KBC Financial Products (KBCFP) in London. As Senior Portfolio Manager he was responsible for a multi-billion dollar CLO/CDO/ABS investments and trading portfolio, one of the largest in Europe. Prior to KBCFP, Serj held senior positions in structured finance and credit derivatives at Standard & Poor’s and Credit Suisse Financial Products.

Serj holds an MSc in Electrical Engineering from the University of Birmingham and an MA in Finance from London Business School.

Since joining the Investment Team in 2011, Stuart has had a primary focus on the evaluation, execution, and monitoring of structured credit investment opportunities. He also contributes to the ongoing management of client portfolios and the build out of Serone’s proprietary analytics. Previously, he worked at HSBC, initially in the Americas ABS Origination group, but primarily in the EMEA Leveraged and Acquisition Finance group, which originates, executes and distributes leveraged, investment-grade, and infrastructure financing products for large corporate and private equity clients.

Stuart holds a BSc in Physics from Durham University and an MSc in Financial Mathematics from Imperial College London. Stuart is also a CFA Charterholder and a GARP qualified FRM.

Having joined Serone in October 2018, Filippo focuses on the firm’s investments in structured products. With over 17 years in the industry, he has broad experience in structuring and investing in a wide range of transactions globally. Prior to joining Serone, Filippo worked as a senior investment professional at GoldenTree Asset Management, specialising in EU and US structured products. Before that Filippo was Head of Loan Trading at Mediobanca and held positions at Alcentra, Morgan Stanley and The Royal Bank of Scotland.

Filippo holds an MSc in Quantitative Finance from the Bocconi University in Milan.

Alex joined Serone in 2015, completing the graduate training programme and subsequently joining the investment team. As an Investment Analyst Alex is responsible for the evaluation, monitoring and idea generation of current and potential investments within the structured credit team, with a focus on CLO equity, warehousing and esoteric ABS in both primary and secondary markets. Alex also works closely with the Special Situations team to develop synergies between the strategies.

Alex holds an MA in Economics from the University of Cambridge.

Jonathan joined Serone in 2016 as a Graduate Analyst, completing the graduate training programme and subsequently joining the investment team. As an Investment Analyst, Jonathan is responsible for the evaluation, monitoring and idea generation of current and potential investments within the structured products team, with a focus on mezzanine CLOs and Global ABS across both primary and secondary markets. Jonathan is also a member of the ESG Committee, representing the structured credit team.

Jonathan holds an MMath from the University of Durham.