Leucadia Asset Management Backs New Bank Strategy Led by Former Lehman Bros. Employees
Posted on 10/03/2022
ISO-mts Capital Management LP is a privately-held investment firm that focuses on bank capital. It is co-led by Justin D’Ercole and Paul Feidelson. Justin D’Ercole was a Managing Director and Co-Head of Global Debt Syndicate at Barclays where he led a team that advised, structured, and distributed more than $100 billion of bank securities annually and served as Barclays’ primary syndicate relationship with over 25 banks in the U.S., U.K., France, Spain, Italy, Sweden, Germany, Japan, and The Netherlands. Paul Feidelson has over 25 years of experience in Fixed Income Trading and Origination. For the past seven years, Paul was responsible for Mizuho Securities short-term investment grade credit origination business. Justin and Paul are joined by Joann Petrossian, Managing Director, Head of Investor Relations, and Amy Hazelton, Managing Director, Portfolio Manager. Justin, Paul, Joann, and Amy were all former colleagues at Lehman Brothers Inc.
Leucadia Asset Management, the asset management division of Jefferies Financial Group Inc. (NYSE: JEF), entered into a strategic relationship with ISO-mts Capital Management LP, a newly-formed credit long/short investment firm. In connection with the transaction, Leucadia Asset Management will invest long-term capital into ISO-mts’ bank credit-related strategy.
