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Gramercy announces Doug Krehbiel to lead new European (London) office

Tuesday, November 30, 2010
Opalesque Industry UPdate - Gramercy, a dedicated emerging markets investment manager, today announced it has opened an office in London. The firm also announced that Doug Krehbiel recently joined as Managing Director and European Regional Head. His appointment was effective in early summer and he is based in London.

In his new position, Mr. Krehbiel is responsible for leading the research and the investment management process relating to the allocation of capital to Central and Eastern Europe, Middle East and Africa (“CEEMEA”) positions and will work in concert with Gramercy’s investment management team. Mr. Krehbiel is also a member of the firm’s centralized investment committee.

Mr. Krehbiel’s 18 years of emerging markets performing and distressed debt experience will strengthen the firm’s investment, trading and client service capabilities. Mr. Krehbiel was previously at BlueCrest Capital Management where he led global emerging markets credit research.

Robert Koenigsberger, Managing Partner and Chief Investment Officer of Gramercy, said, “Doug’s senior leadership and diverse global experience will be important to Gramercy’s continued success as we expand our overall European presence and establish a true beachhead via our new London-based investment practice.” Mr. Krehbiel will source regional assets and help manage portfolios along with other members of Gramercy in both Europe and the US.

Robert Rauch, Partner and Head of Research at Gramercy, commented, “We are pleased to have Doug join Gramercy’s emerging markets team to oversee our CEEMEA investments as we see tremendous opportunities in the region. Doug’s nearly two decades of global emerging markets experience will complement the efforts of our current Eastern European team based in Bulgaria, as well as leverage the Gramercy team in all locations.”

Since 2003 Mr. Krehbiel has been based in London and his career has afforded him broad investment experience in private debt, Eurobonds and special situations throughout the emerging markets. During his 14 year tenure with JP Morgan, Mr. Krehbiel was a team leader of an Institutional Investor top ranking research team.

“Gramercy’s long-standing commitment to emerging markets and its rigorous, collegial culture, make it a unique platform from which to exploit credit opportunities,” said Mr. Krehbiel. “We will build on the firm’s successes in the CEEMEA region including performing and distressed debt as well as mezzanine finance.”

The office is located at 1 Knightsbridge Green, London SW1X 7NE and the phone number is +44-20-3330-0545.

(press release)

Source

kb

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