GMSA Investments provides execution, market intelligence and fixed income solutions across global credit and emerging markets, built on relationships rather than volume.
Market coverage and relative-value analysis across the fixed-income spectrum, from investment grade through high yield to distressed and less-covered names, spanning developed and emerging markets.
We share bond lists, market colour and commentary directly with clients, drawing on our market relationships and knowledge of available liquidity.
We follow the new-issue calendar across global credit markets, from issuer roadshows and reporting through to bookbuilding.
Using proprietary analytical tools, including AI-supported techniques, we compare new issues with secondary-market levels and comparable issuers to support our assessment of relative value alongside the syndicate’s guidance.
Execution is never just a cost. Done well it compounds: over the medium term, the quality of execution makes a real difference to performance. We provide an independent, professional service, helping clients navigate timing and liquidity where judgement and relationships matter as much as price.
Looking after family offices and wealth-management clients is in our DNA. It is what our people have done throughout their careers. We take the time to understand what each of them needs.
Our trading and operations teams work closely together, supporting an integrated process from execution through confirmation and settlement.
We cover relative-value opportunities across the credit spectrum and share bond lists, market colour and commentary directly with clients.
Every new issue is compared with secondary-market levels and comparable issuers using proprietary analytical tools, including AI-supported techniques.
Careful execution on the desk, with trading and operations working closely together through confirmation and settlement.
GMSA Investments Ltd was established in London in 2006 and authorised by the Financial Conduct Authority in 2007. The firm operates as a Full Scope £750K Non-SNI Investment Firm under the MIFIDPRU rulebook.
Since then, the firm has built its business as an independent alternative for clients navigating global credit and emerging markets, grounded in long-standing relationships of trust with the families and family offices it serves.
Founded GMSA in London in 2006 and has led the firm since. Began his career at a major US investment bank, then at a boutique asset manager running Italian small and mid-cap equity portfolios, before moving into fixed income and building the firm’s business across global credit and emerging markets. BSc Economics and Finance, European Business School, London.
Two decades at the centre of global credit trading, in London and across Asia. Began on ABN Amro’s Global Flow Credit Trading desk, then ran Global Credit Trading for Europe and Asia at Calyon. Credit trader at Santander GBM, then at Compass Asset Management. A Partner of GMSA since 2014, helping shape and implement the firm’s business strategy.
Began at Nomura in 2000 as an Origination Analyst, then a Senior FX Trader at Alpari UK, running a book with monthly turnover above USD 50bn. With GMSA since inception in 2006, first heading execution and trading, then moving into risk control and compliance. Head of Compliance since 2017. MSc Finance, Imperial College; BSc, LSE.
Joined GMSA in 2011 from ICAP plc, where he ran the Italian desk covering institutional clients and asset managers. Over 20 years in fixed income, now a Director of the firm, specialising in institutional client coverage across investment grade, high yield and emerging markets, with a focus on the secondary market alongside new issues.
Twenty years in credit, on both the sell side and the buy side. Started at Monte dei Paschi di Siena in 2005, market-making financial bonds and trading CDS, then seven years at Banca Profilo running the bank’s banking book as a proprietary trader. Corporate bond market maker at Method Investment & Advisory, then portfolio manager at Redhedge, co-heading a long/short relative-value credit fund. Joined GMSA in 2018 as Head of Trading and Execution, where he has developed and optimised the firm’s trading and execution framework.
Joined GMSA in 2013, previously at Bear Stearns, J.P. Morgan, Aladdin Capital and Conduit Capital Markets. 20 years across fixed income: corporate and bank bonds, structured products, loans and claims. Covers institutional clients across investment grade, high yield and emerging markets, with a focus on the secondary market alongside new issues.
Began her career at Atlantide in 2014 as a junior in operations, covering trade capture, matching, confirmations and the daily reconciliation of cash and securities positions with custodians and clearers. Joined GMSA in 2016 and moved into a senior operations role, taking responsibility for settlement across the major clearing systems and custodians. Appointed Head of Operations in 2022, she now leads the firm’s post-trade function, working alongside the desk.
Joined GMSA in 2024 in settlement and operations, covering settlement across the major clearing systems and custodians and daily reconciliation. Moved to the front office in 2026 and now covers institutional clients across credit and emerging markets, working with the desk on flow, new issues and market colour.
Joined GMSA in 2010 and has held a range of roles across the business as it grew, supporting the desk and the operational side of the firm, before taking charge of the finance function. Now Head of Accounts & Finance, with responsibility for the firm’s accounting, financial reporting and regulatory returns.
“Our clients include family offices, funds and corporates, seeking an independent, professional alternative to the global investment banks.”
Our trading and operations teams work closely together, supporting an integrated process from execution through confirmation and settlement. We settle across the major clearing systems and custodians, with straight-through processing and confirmations issued promptly following execution.
GMSA Investments Ltd is authorised and regulated by the Financial Conduct Authority (FRN 460724) and operates as a Full Scope £750K Non-SNI Investment Firm under the MIFIDPRU rulebook. This website and our services are intended for Professional Clients and Eligible Counterparties only, as defined by the FCA Rules. They are not directed at Retail Clients. Nothing on this website constitutes investment advice, investment research, or an offer or invitation to buy or sell any security or financial instrument.
GMSA Investments Ltd
Second Floor
22 Conduit Street
Mayfair, London, W1S 2XR